July 3oth: Medicare is Signed Into Law

According to History.com, President Lyndon B. Johnson signed Medicare into law on July 30th, 1965. The health insurance program, which was aimed at seniors over the age of 65, was signed into law as an amendment to the Social Security Act of 1935. The bill-signing ceremony took place at the Truman Library in Missouri, where former president Harry Truman was named the first Medicare beneficiary. Truman was the first president to propose a national health insurance.

History.com explains that “some 19 million people enrolled in Medicare when it went into effect in 1966. In 1972, eligibility for the program was extended to Americans under 65 with certain disabilities and people of all ages with permanent kidney disease requiring dialysis or transplant. In December 2003, President George W. Bush signed into law the Medicare Modernization Act (MMA), which added outpatient prescription drug benefits to Medicare.”

Learn about other historical events that took place on July 30th:

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James Fishman has been involved in the world of online magazines for more than 15 years. He helped launch Sunstone Online and continues to improve the magazine as site editor and administrator. His writing focuses primarily business and technology. To be in touch with James, feel free to contact him at james[at]sunstoneonline.com.

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