Medicare is a social insurance program that serves more than 44 million enrollees (as of 2008). The program costs about $432 billion, or 3.2% of GDP, in 2007.
The definition of an institution is an established custom or practice, or a group of people that was formed for a specific reason or a building that houses the group of people. 1  Marriage is an example of a cultural institution. 2  A town council is an example of an institution of government.
Define institutions. institutions synonyms, institutions pronunciation, institutions translation, English dictionary definition of institutions. Patterns of behavior which become established over the course of time. Sometimes used to refer to large organizations that have established codes of...