Medicare turned 50 this week. Your opinion of the program?
When President Lyndon B. Johnson signed Medicare and Medicaid into law on July 30, 1965, roughly half of Americans 65 and older had no health insurance. Johnson famously said:
"No longer will older Americans be denied the healing miracle of modern medicine," Johnson said at the bill signing. "No longer will illness crush and destroy the savings that they have so carefully put away over a lifetime so that they might enjoy dignity in their later years. No longer will young families see their own incomes, and their own hopes, eaten away simply because they are carrying out their deep moral obligations to their parents, and to their uncles, and their aunts."
Fifty years later, virtually all seniors have coverage, a far higher rate than younger people. [Source: AP]
What's your thoughts on Medicare and Medicaid? Comments on this topic are welcome -- use the field below.