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

It is socialism. It moves the country in a direction which is not good for anyone, whether they be young or old. It charts a course from which there will be no turning back.

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“Senator Carl Curtis (R-NE), 1965.
01/01/1965 | 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 are going on the assumption that this is not socialized medicine. Let me tell you here and now it is socialized medicine.

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Rep. James Utt (R-CA).
04/08/1965 | Full Details | Law(s): Medicare