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Insurance & Risk Management
15. Chapter 18: Social Insurance/Medicare
15. Chapter 18: Social Insurance Illustration
Syllabus Slides

Medicare

01.Core Concepts

Medicare hospital insurance (Part A) is financed by a payroll tax paid by covered employees, employers, and the self-employed Payroll tax is 1.45 percent on all covered earnings The program is subsidized by a small amount of general revenues Medical insurance (Part B) is financed by monthly premiums and the general revenues of the federal government