Today (July 30) is Medicare’s 45th birthday. After President Lyndon Johnson signed Medicare into law in 1965, millions of Americans age 65 and older had coverage for health care opened to them. Many of these people had not seen a doctor in years. Now they were able to get the care they needed. They didn’t have to worry about medical debt for themselves or about passing this debt onto their children.
Medicare dramatically reduced poverty among those 65 and older and also for those severely disabled.
Medicare is a government-sponsored program that today covers and is appreciated by over 45 million Americans. Medicare has been a huge success.
Today skyrocketing health care costs are a challenge to Medicare and to private health care coverage. One way to reduce these costs and to include health care coverage for everyone is to replace the inefficient system of private health insurers with a streamlined, publicly financed system like Medicare.
Yes, expand Medicare to everyone. This change would save about $400 billion annually by reducing excess bureaucracy.