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1. What does health care financing mean? 2. Medicare finances medical care for what three categories of people? 3. What servi
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Answer: Healthcare financing is a means to make sure that the funds for the healthcare is adequate. This provides easy accessible to the every group of the people with decrease financial problems to use healthcare services.

Medicare finances medical care for three categories of people:

  • Old people who are 65 year old or more than that.
  • Those people who are young but have disabilities.
  • Patients with End stage renal impairment or kidney failure.

The Part A of Medicare is designed to covers the hospital admission, care provided while the broken hip etc.

Retrospective method of reimbursement is based on the actual cost provided to the healthcare professionals for the actual treatment given.

Prospective method of reimbursement includes the payment that is of fixed rate Or predetermined payment.

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