Forty-five years ago today, President Lyndon B. Johnson signed Medicare into law, establishing the foundation for today’s Medicare, which provides more than 44 million seniors and people with disabilities with guaranteed health care benefits and higher quality care than ever before.
"The signing of Medicare forged a promise with older Americans -- that those who have contributed a lifetime to our national life and economy can enjoy their golden years with peace of mind and the security of reliable medical insurance," wrote President Obama in a Presidential proclamation issued today, which proclaims July 30, 2010 as the 45th Anniversary of Medicare and Medicaid.
This year's passage of the Affordable Care Act represents another step forward for the Medicare program. The law ensures that Medicare beneficiaries will continue to receive their guaranteed benefits and will provide new benefits and lower costs, including closing the prescription drug coverage gap, eliminating co-pays and cost-sharing for most preventive screenings and providing greater coordination of care among providers.
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