Medicare is best described as which?

• A. Private employer-sponsored insurance
• B. State-run health coverage for all residents
• C. Public health screening program
• D. Federal socialized medical insurance program

Answer: (D)

Medicare tests your understanding of a federally run health insurance program that provides coverage to eligible people. It is funded by payroll taxes and premiums and administered by the federal government, primarily for those 65 and older and some younger people with disabilities. It isn’t private employer-sponsored insurance, isn’t a state-run system for everyone, and isn’t just a public health screening program. Because it is a government-provided insurance plan that covers medical costs for eligible individuals, it is best described as a federal socialized medical insurance program.