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Which of the following correctly describes the Medicare Program?


The Medicare Program requires individuals to deduct part of the state taxes paid during their working years to pay for their healthcare when they become elderly.


The Medicare Program applies only to low-income Americans.


The Medicare Program started under the Presidency of John F. Kennedy in the early 1960s.


The Medicare Program has cost the government less than expected and budgeted for.


The Medicare Program covers both hospital and physician bills for the elderly.

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