Medicare & Medicaid Keynotes of History
President Lyndon B. Johnson signed into law the bill that led to the creation of Medicare and Medicaid on July 30th, 1965. The original Medicare program included Part A (Hospital Insurance) and Part B (Medical Insurance). Today these 2 parts are called “Original Medicare.” Over the years, Congress has made changes to Medicare:
More people have become eligible.
For example, in 1972, Medicare was expanded to cover the disabled, people with end-stage renal disease (ESRD) requiring dialysis or kidney transplant, and people 65 or older that select Medicare coverage.
More benefits, like prescription drug coverage, have been offered.
At first, Medicaid gave medical insurance to people getting cash assistance. Today, a much larger group is covered:
People of all ages with disabilities
People who need long-term care
States can and do tailor their Medicaid programs for different reasons, so different states receive different benefits, Your benefits directly relate to the state that you live in.
Medicare Part D Prescription Drug benefit
The Medicare Prescription Drug Improvement and Modernization Act of 2003 (MMA), signed by President George W. Bush, made the most significant changes to Medicare in 38 years. Under the MMA, private health plans approved by Medicare became known as Medicare Advantage Plans. These plans are sometimes called “Part C” or “MA Plans.”
The MMA also expanded Medicare to include an optional prescription drug benefit, “Part D,” which went into effect in 2006.