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Today In Health History
Today in Health History
Today in Health History
The Birth Of Medicare

On this date in 1965, President Lyndon B. Johnson signed Medicare into law. Medicare is a medical and hospital insurance program for the aged. The U.S. Social Security Administration funds Medicare. Today, Medicare serves approximately 39 million Americans and has a budget of 190 billion dollars – about 10 percent of the U.S. budget overall. Medicare provides hospital insurance for retirees and their dependents, and covers many in-patient hospital costs. Supplementary insurance also covers physician and outpatient costs.

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