difference between medicare and obamacare
It is a federal statute. After the introduction of Medicare and Medicaid in 1965, Obamacare represents the most important regulatory overhaul of the healthcare system in the United States. The most significant difference between Obamacare and Medicare is the nature of the plan. Traditional Medicare is merely health insurance that is provided by the government. This means that it is just like other insurance plans that are provided to people to cover their healthcare expenses.
Obamacare plans are private plans; Medicaid is government-run coverage. The most important difference between Medicaid and Obamacare is that Obamacare health plans are offered by private health insurance companies while Medicaid is a government program.
Medicaid is a public medical welfare program for the poor. It is funded through federal and state taxes. 'Obamacare' is a market for purchasing private insurance. It is designed for people with income that makes them ineligible for Medicaid and Medicare. For people meeting certain income limits and unable to purchase qualifying insurance through an employer, a variable subsidy is paid toward the private insurance premium.