Medicare Medicare is the landmark social program that, as of this date, covers over 47 million Americans.
The history of a National Health Insurance program dates back to days when Teddy Roosevelt was running for president, and used this Medicare Medicare ploy as his ultimate platform for success. Then in November, 1945, President Harry S. Truman had an epiphany, and decided there should be a fund for a creation of a national health insurance program; ergo, Medicare was born.
In July, 1966 President Lyndon Johnson made Medicare law by signing HR-6675. The initial budget for Medicare at that time was about $10 billion bucks; 19 million annuitants signed up the first year, including Johnson, who receive his card.
The current Medicare health program now covers about 47 million seniors, as well as other beneficiaries who have disabilities. If the funds are not taken and used for other means by the government, most everyone should be safe for many future decades.
Well, there are a few changes worth noting, so let’s see what’s on the table. In 1982, hospice services for the terminally ill were added to the list of changes made to the Medicare program. Medicare Part C called Medical Advantage offered attractive add-on benefits like prescription drug coverage for new seniors who enrolled in the program. Then President Busch signed into law the Medicare drug improvement and modernization act of 2003 offering an optional prescription drug benefit. Again in 2010, the Patient Protection and Affordable Act were added that was designed to contain Medicare costs, and streamlining delivery systems.