Medicare prospective payment system

Executive Summary
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Institution:
Individuals who are over sixty-five years old are placed under the Federal Medicare health insurance that offers healthcare coverage. Medicare would be available for individuals who are under sixty-five years and receiving social security disability insurance (SSDI) for a given period. The Medicare program is funded through social security as Medicare taxes. There are different groups of patients who would be covered by Medicare; this includes the inpatient hospital stays, outpatient care and prescription drug coverage (Medicare.gov, 2020).
Medicare prospective payment system is unique in that the payments are made by the government through the predefined sum procedu...