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

...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

This program could destroy private initiative for our aged to protect themselves with insurance against the cost of illness….Presently, over 60 percent of our older citizens purchase hospital and medical insurance without Government assistance. This private effort would cease if Government benefits were given to all our older citizens.

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Sen. Milward Simpson (R-WY).
08/08/1965 | Full Details | Law(s): Medicare

[Write to your congressional representative against the health care reform proposal or] we will awake to find that we have socialism.

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From an AMA recording by Ronald Reagan, "Ronald Reagan Speaks Out Against Socialized Medicine."
01/01/1961 | Full Details | Law(s): Medicare

Medicare would be strictly a tax program, forcing wage earners to pay a substantial in their payroll taxes to finance hospitalization for everyone over 65, including those who are wealthy and millions of others who are already protected with hospital insurance.

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AMA President Dr. Edward R. Annis.
01/08/1964 | Full Details | Law(s): Medicare