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

[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

I have always maintained that if a program is to be successful, it must... be voluntary... based on need and must not be financed through a payroll tax.

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Sen. Thruston B. Morton (R-KY).
08/08/1965 | Full Details | Law(s): Medicare

[Federal control of medicine would ] anesthetize [American Medicine] the proud symbol of our competitive system.

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AMA President Dr. George M. Fister.
11/27/1962 | Full Details | Law(s): Medicare

We oppose the Medicare program because foreign experience has shown that socialized medicine is harmful to both the doctor and the patient, primarily to the patient. He suffers most.

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Harry E. Northam, director of the Association of American Physicians.
04/11/1965 | Full Details | Law(s): Medicare