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After 55 Years Of Medicare And Medicaid, Let’s Expand Those Systems, Not Cut Them

This article was produced by Economy for All, a project of the Independent Media Institute.

On July 30, 1965, President Lyndon B. Johnson signed Medicare and Medicaid into law. This crowning achievement was both the culmination of a decades-long effort to attain guaranteed universal health insurance and the first step in the quest for Medicare for All.

In the 55 years since the legislation was signed into law, both programs have proven their worth. Before Medicare, about half of seniors lacked health insurance. They were an illness away from bankruptcy. Today, 99.1 percent of Americans 65 and older are insured, thanks to Medicare. Nine million people with disabilities who are under age 65 also have health insurance coverage through Medicare.

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