In 1965, almost half of America’s seniors had no health insurance. For the men and women who survived two World Wars and the Great Depression, retirement often meant insecurity and hopelessness. Our nation’s seniors reached their most medically vulnerable years with few, and sometimes no health care options.
That’s why, after decades of failed attempts to right this wrong, the establishment of Medicare and Medicaid wasn’t just health care reform, it was a turning point in our nation’s history.
When he signed that legislation 49 years ago this week, President Lyndon Johnson spoke for the nation, saying, “No longer will older Americans be denied the healing miracle of modern medicine. 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.”
Medicare for 52 million
After a lifetime of contributing so much to our nation, our seniors deserve to be able to live out their years with the dignity, security, and the peace of mind that comes with enrollment in Medicare. We can do no less for the millions of vulnerable families, children, seniors, and individuals living with disabilities than provide access to quality health care through Medicaid, as well.
Today, Medicare and Medicaid are arguably our country’s single most important anti-poverty initiatives. As we celebrate their 49th anniversary, 52 million Americans (193,819 here in Montana) are covered by Medicare, and more than 60 million citizens, (155,505 in Montana), by Medicaid.
We are committed to making health coverage more accessible and affordable for all Americans, while continuing to improve the quality of care. We are making significant progress on that commitment and seeing incredible results.
Earlier this week the Department of Health and Human Services reported that Medicare is considerably stronger than it was four years ago when President Obama signed the Affordable Care Act. Medicare is more solvent. It’s more cost effective. And it’s delivering high-quality care for our parents, grandparents, aunts, and uncles.
Stronger trust fund
Just a few years ago, the Medicare Trust Fund was projected to run out of money by 2017. Now, thanks in part to the Affordable Care Act, we’ve extended the life of the fund through 2030. Medicare spending per beneficiary is growing slower than the growth in the economy.
For beneficiaries, that means the Trust Fund and their benefits are more secure. For taxpayers, a strong Trust Fund means it will be there in the future for new seniors.
President Johnson once said, “There are no problems we cannot solve together, and very few that we can solve by ourselves.”
Forty-nine years ago, we came together to declare that we, as a nation, owed our parents, grandparents, children, and our most vulnerable neighbors better than health uncertainty and insecurity. Working together, we can ensure that all Americans have the medical care they need to live with the security and dignity they deserve.