Medicare and Medicaid
Social Security Amendments of 1965
§ LEGISLATIONhealthcare· 1965
What It Did
Created Medicare (health insurance for Americans 65 and older) and Medicaid (health coverage for low-income individuals). Medicare Part A covers hospital insurance funded by payroll taxes; Part B covers outpatient services. Together they became the largest government health programs in US history.
The Vote
House · 307–116 (passage)
D
237 YEA · 48 NAY
R
70 YEA · 68 NAY
Senate · 68–21 (passage)
D
57 YEA · 7 NAY
R
13 YEA · 14 NAY
Key Sponsors
→ Wilbur Mills (D-AR) · House
→ Clinton P. Anderson (D-NM) · Senate
Sources: Congress.gov · VoteView · FRED
In the Years Following
Economic indicators related to this law, showing 5 years before through 10 years after.
CPI — Medical Care
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CPI — All Items
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Labor Force Participation
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Many factors influence economic outcomes. This chart shows trends in the years surrounding this legislation — not necessarily caused by it.