What is a major difference between Blue Cross/Blue Shield and Medicare/Medicaid programs?

Question

(1 point)

Medicare/Medicaid are private insurance programs, whereas Blue Cross/Blue Shield are public insurance programs.

Blue Cross/Blue Shield were implemented as health maintenance organizations (HMOs), whereas Medicare/Medicaid were not.

Medicare/Medicaid programs were organized to help regulate the cost of healthcare services, whereas Blue Shield/Blue Cross were organized to be nonprofit organizations.

Blue Cross/Blue Shield are private insurance plans, whereas Medicare/Medicaid are federally funded programs

Answer 1

The major difference is: Blue Cross/Blue Shield are private insurance plans, whereas Medicare/Medicaid are federally funded programs.