Defining Moment

1965

Postwar United States Era
Defining Moment
What Americans Were Trying To Do
What Americans Were Trying To Do

Provide health coverage for older Americans and low-income populations.

What Happened
What Happened

Medicare and Medicaid were created in 1965 to expand health coverage through payroll taxes, general revenues, state-federal financing, and trust-fund structures.

How Public Finance Made It Possible
How Public Finance Made It Possible

Public finance made health care access a major continuing federal and state responsibility.

What This EnabledWhat This Enabled
Older Americansmany low-income households gained access tomedical coverage
How Americans BenefitedHow Americans Benefited
Older Americansmany low-income households gained access tomedical coverage

Tax Project Institute

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