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Medicare Part B provides 80% coverage for most outpatient services. Among the many illnesses and conditions covered, cancer is a disease which most Americans want to insure against. Medicare’s cancer coverage is thorough and will pay for treatment for most types of cancer. However, the insured individual is responsible for 20% of the cost of the most common treatments, such as chemotherapy and radiation. For this reason, many people purchase a medicare supplement to help them pay this share of their treatment costs.

In 1965 the original Medicare program was passed. Medicare had two parts then. Stays in a hospital for more than 72 hours were covered by Part A. Other medical insurance coverage costs were covered in Part B. Further down the road Part C and Part D were added to cover other health costs.