Medicare

Medicare

The Social Security Act of 1965 was signed into law on July 30, 1965, by President Lyndon B. Johnson as amendments to existing Social Security legislation. This legislation established the Medicare program.

Medicare is a social insurance program administered by the United States government, providing health insurance coverage to people who are aged 65 and over; to those who are under 65 and are permanently physically disabled or who have a congenital physical disability; or to those who meet other special criteria. The "Original Medicare" plan, i.e. Medicare without Medicare Advantage added on, coverage extends to 80% of any given medical cost; the remaining 20% of cost must be paid either a Medicare Advantage plan, which is a "supplemental insurance" from a private health insurance company, or with out-of-pocket via the patient's own personal funds.

Cry Wolf Quotes

Will you resist the temptation to get a government handout for your community? Realize that the doctor's fight against socialized medicine is your fight. We can't socialize the doctors without socializing the patients. Recognize that government invasion of public power is eventually an assault upon your own business.

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Ronald Reagan
10/27/1964 | Full Details | Law(s): Medicare

[There is] no demonstrable need for the program.

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Paul D. Hill, International Association of Health Underwriters. May, 1965.
04/01/1965 | Full Details | Law(s): Medicare

...we cannot stand idly by now, as the Nation is urged to embark on an ill-conceived adventure in government medicine, the end of which no one can see, and from which the patient is certain to be the ultimate sufferer.

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Rep. Durward Hall (R-MO).
04/08/1965 | Full Details | Law(s): Medicare

...the result of such programs in other countries had been over utilization of facilities and rising costs, and that as emphasis shifted from quality to cost, as it must under a publicly financed program, a deterioration in the quality of care is inescapable.

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Dr. Donovan Ward, President, American Medical Association.
04/01/1965 | Full Details | Law(s): Medicare