| Mon, Sep 27, 2010 @ 09:00 AM

Happy 45th Birthday Medicare

Posted by Medicare Made Clear

Medicare and MedicaidThis year we celebrate the 45th Anniversary of Medicare and Medicaid, the historic signing of the Social Security Act of 1965 created both of these programs which provide health insurance to millions of Americans every year.

The History of Medicare

The Economic Security Bill of 1935 was created under President Franklin D. Roosevelt in order to repair the economy in the midst of the Great Depression.  Though the original Economic Security Bill did include a medical insurance program, for citizens 65 and older, it was not part of the Social Security Act when President Roosevelt signed it into law.

Medicare finally became law 30 years later when President Lyndon B. Johnson signed the Social Security Act of 1965 into law.  This historic legislation was signed on July 30, 1965 creating Medicare and Medicaid, which provided medical insurance coverage to Americans 65 and older.

After signing the Economic Security Bill, President Johnson remarked, “We marvel not simply at the passage of this Bill but that it took so many years to pass it.”

The bill was signed in Independence Missouri.  Former President Harry S. Truman was in attendance for the event and proudly received the first Medicare Card.

Medicare Today

Today 43 million Americans depend on Medicare for medical insurance coverage.  Medicare parts A and B are provided by the government while Medicare Parts C and D are offered by private insurers.

Did you know that Medicare has been providing medical insurance to millions of Americans for 45 years?

The family of UnitedHealthcare® Medicare Solutions plans are insured or covered by an affiliate of UnitedHealthcare, a Medicare Advantage organization with a Medicare contract and Medicare-approved Part D Sponsor.

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