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.
There are several meanings for issuing institution. When referring to education, and issuing institution is the institution that presents you with your diploma or certification. When talking about financial matters, this means the company that presents you with a loan, grant, or other sources of funds.