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Little Known Medicare Facts Everyone Should Know

Following is our collection of super amazing and curious facts and details explaining Medicare. This list is intended for research in school, for college students or just to feed your brain with. Possible use cases are in quizzes, differences, homework facts legend, cover facts, and many more. But nevertheless learn why is Medicare so important!

medicare facts
What is Medicare about?

Top 10 Medicare facts that will blow your mind.

  1. In his final days Lyndon B. Johnson would listen to "Bridge Over Troubled Water" by Simon and Garfunkel repeatedly while agonizing over his legacy; worrying that he would only be remembered for the Vietnam War and not as the architect of equal rights and Medicare.

  2. Medicare fully covers dialysis (~80k/yr) and kidney transplants (~263k) but only covers three years of immunosuppressive drugs (~18k/yr). This creates a cycle in which patients can't afford their medicine, the kidney fails, and the patient is put on dialysis - in need of another transplant.

  3. Despite decrying government benefits, Ayn Rand collected at least $11,002 in social security benefits. She also received medicare to treat her lung cancer, which she denied being caused by her smoking.

  4. The main Social Security programs in the United States include OASDI (Federal Old Age, Survivors, and Disability Insurance, TANF (Temporary Assistance for Needy Families, Medicare (health insurance coverage for disable and aged), Medicaid (medical assistance grants to states for low income individuals), SCHIP (State Children's Health Insurance Program), and SSI (Supplemental Security Income).

  5. If you received hospital-purchased blood for treatment under Medicare, you can either pay for the blood with money or pay IN blood with blood donated by you or someone else.

  6. A super secretive organization of just 31 people is responsible for deciding the Medicare reimbursement rates (and as a consequence, what private insurance will pay) for pretty much all health care procedures in America

  7. Ayn Rand, the poster woman for the Tea party and Republicans everywhere, was on Social Security and Medicare.

  8. Roughly 30% of all Medicare spending is in the last year of life, with 1/3 of that cost occurring in the last month of life

  9. Harry Truman received the first Medicare card in honor of his advocacy for national health insurance.

  10. Canada's healthcare system is also called Medicare.

Data charts defining Medicare

Medicare figures with statistics charts presented as infographic.

medicare fact data chart about United States of Opioids (Medicare Prescriptions per 100 Peo
United States of Opioids (Medicare Prescriptions per 100 People)

Funny medicare details

Interesting definitions that can be fact checked.

That, by law, Medicare must cover every cancer drug the FDA approves. A 2003 law, moreover, mandates payment at whatever price the manufacturers charge, plus a 6% cushion, prohibiting any negotiation between Medicare and the drug companies.