If you’ve been watching the Democratic presidential hopefuls gear up, you have probably heard the phrase “Medicare for All.”
What exactly does that mean?
Medicare, which has been around since 1965, is the government-run health insurance program that covers all Americans 65 and older and is funded by taxpayers. A portion taken out of our paychecks for Social Security goes toward Medicare to cover most services like hospital stays and doctors’ visits.
People on Medicare can also choose to get additional coverage from Medicare-approved private insurers to cover other services such as dental, vision and prescription drugs.