Final answer:
The gradual implementation of a prospective payment system for Medicare reimbursement is True. This system replaced the fee-for-service model to control rising healthcare costs and is crucial for maintaining Medicare's long-term sustainability.
Step-by-step explanation:
Prospective Payment System for Medicare Reimbursement
The statement that required the gradual implementation of a prospective payment system (PPS) for Medicare reimbursement is True. The Pay-As-You-Go financing of Medicare means that current workers fund the benefits of retirees, which is challenging for the system as the population ages. With fewer workers supporting more retirees, the system strains under the demographic shift, contributing to the unsustainable structure of Social Security and requiring reforms to ensure long-term sustainability.
As an alternative to fee-for-service models, the PPS for Medicare was established to control costs. It navigates away from reimbursing healthcare providers based on the cost of services rendered, which often led to increased expenses. Instead, with PPS, healthcare providers receive a predetermined amount based on the diagnosis and treatment provided.
The public healthcare system that offers insurance primarily to people over sixty-five years old is Medicare. Part B of Medicare is an optional insurance system that covers healthcare costs outside of hospital stays, which includes additional services like physician visits and medical tests.