Which of the following is true for Medicare?

A. Medicare is a welfare program for low-income individuals.

B. Medicare is a public insurance plan for the elderly (aged 65+) generation

C. Medicare is a public program where individuals cannot opt out

D. Medicare involves full insurance protection for the enrolled individuals.

The correct answer is B. Medicare is a public insurance plan for the elderly (aged 65+) generation

Explanation:

In the United States, Medicare is a health insurance program provided by government or public programs that covers mainly to the elderly or people aged 65 and older; although the program also includes some young population suffering from disabilities or conditions such as amyotrophic lateral sclerosis. This insurance offers multiple services that are classified into four categories or parts. Besides this, medicare only covers about half of the medical expenses which implies patients which means patients soften need other health insurance or cover costs themselves. According to this, the statement that is true about Medicare is "Medicare is a public insurance plan for the elderly (aged 65+) generation".