Which of the following statements about Medicare is FALSE?
A)Medicare pays for about 70 percent of the medical costs of older Americans.
B)Medicare pays for acute illness.
C)Medicare is paid for in part by payroll tax.
D)Medicare Part B is a supplement financed by individuals who choose to enroll.

Question

Quizplus · Accepted Answer

Medicare does not cover 70 percent of all medical costs for older Americans. It covers about 80 percent of the cost of physician services and outpatient care, and about half the cost of prescription drugs. The remainder must be paid by the individual through supplemental insurance or out-of-pocket expenses.

Which of the Following Statements About Medicare Is FALSE