Medicare and Medicaid – 50 Years Later – It’s Time for Change
Fifty years ago, on July 30, 1965, President Lyndon B. Johnson signed legislation creating the nation’s two largest federal health entitlements, Medicare and Medicaid. Medicare was created as a social insurance program for seniors and those with disabilities. It is financed primarily by payroll taxes collected during a recipient’s working life, and secondarily by personal…
Robert Moffit