homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

July 30, 2015

Medicare and Medicaid turn 50

  • Together, the two programs cover about 1 in 3 Americans.
    • By RICARDO ALONSO-ZALDIVAR
    Associated Press

    WASHINGTON — When President Lyndon B. Johnson signed Medicare and Medicaid into law on July 30, 1965, roughly half of Americans 65 and older had no health insurance.

    “No longer will older Americans be denied the healing miracle of modern medicine,” Johnson said at the bill signing. “No longer will illness crush and destroy the savings that they have so carefully put away over a lifetime so that they might enjoy dignity in their later years. No longer will young families see their own incomes, and their own hopes, eaten away simply because they are carrying out their deep moral obligations to their parents, and to their uncles, and their aunts.”


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.