Final answer:
Medicare is the program that provides health care coverage for America's seniors, established in 1965, covering around 40 million individuals.
Explanation:
Medicare is the program that provides health care coverage for America's seniors. Established in 1965, it guarantees access to health insurance for individuals aged 65 and older, as well as younger people with disabilities and certain chronic diseases.
Medicare is funded through revenue from FICA and SECA payroll taxes, as well as premiums paid by enrollees and general fund revenue from the federal government.
It covers approximately 40 million people and is a vital component of the American healthcare system.
Learn more about Healthcare coverage for seniors here:
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