Final answer:
The statement is false; Medicare provides health insurance to all people 65 and older, not just those who need financial assistance.
Step-by-step explanation:
The statement that Medicare is a government health insurance program for those over 65 years of age who can show need for financial assistance is False.
Medicare is a federal program that provides health insurance to all individuals aged 65 and older, regardless of their income or financial need. It also covers younger people with disabilities and those with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant). As of the early 2000s, about 40 million people in the United States were eligible for Medicare.
It is important to differentiate between Medicare and Medicaid, as Medicaid is the program that typically provides health services to people with very low incomes who meet other eligibility requirements. Other health-care programs funded by the government focus on specific groups such as military veterans, Native Americans, and children in families with relatively low incomes.