Monday, July 30, 2012
Happy Birthday MEDICAID and MEDICARE!
From Longterm care leader
Today marks the 47th anniversary of Medicare and Medicaid. President Lyndon B. Johnson signed both programs into law on July 30, 1965. You can read LBJ’s speech at the signing ceremony, listen to his taped conversations and find a brief history of the programs here.
The Medicare bill had been hotly debated in every Congress for 13 years before it was passed. Since its inception, Medicare has helped provide health care coverage to millions of our nation’s elderly. Today, Medicaid is an important payment source for our nation’s seniors and persons with disabilities. According to AARP, over 40 million people
currently rely on the Medicaid program; this includes 64% of nursing home patients and 13% of assisted living residents who need the program to help pay for their everyday care.