Medicare Insurance was born as an initiative of a health program that seeks to support the elderly and the disabled when they have a medical emergency. Although, the history of insurance is somewhat long since they date back many years, however, Medicare has had different characteristics that have made its history one of the most interesting. Being sponsored by the government, it is one of the decisions that the US government has taken that has caused more commotion since it is not clearly related to the private sector.
Medicare begins in 1965 when the bill that creates the health program is presented and approved by an overwhelming majority before both houses of Congress and from there is converted into law by President Lyndon B. Johnson.
After that epic moment, the years went by and Medicare Insurance was getting many more people who believed in this program to the point that in 1966 more than 19 million people who were over 65 had enrolled in Medicare Insurance. So it goes into effect on July 1.
After this great victory, Medicare was strengthened with respect to each of the plans that were developed. Evidence of this is when in 1972 President Richard Nixon extends Medicare coverage for people under 65 who have disabilities. With this, a great step was taken for the inclusion of the minorities within the country that most need help. Here, Medicare was gaining strength and became one of the heavy federal programs.
Subsequently, in 1997 Medicare Insurance acquires one of its greatest characteristics to date, which involves private institutions. As such, it allows people to choose an HMO-type plan instead of a fee-for-service plan, which became known as Medicare Advantage.
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By 2003, Medicare already has a great track record, but President Bush greatly improves his reach by adding the option that allows beneficiaries to buy a prescription drug plan. This way it is much easier to get the recipes that the doctors send so that everyone can improve quickly. In addition, home services are integrated into part A and part B.
Medicare Part D begins to work efficiently in 2006 and then in 2010 President Obama signs the Affordable Care Act that adds preventive services to Medicare and expands prescription coverage. This law demonstrates the interest of the federal government in improving the health of US citizens and also in improving the program.
As time went by, minor reforms were made as this brought positive changes for all people using Medicare, especially retirees. Finally, in 2016 Medicare Insurance has more than 57 million registered people, approximately 15% of the American population, and it is expected that this number will continue to increase as the years go by.
Currently, in 2018, Medicare has improved its attention to the public through its system of questions and answers over the phone and through the website. They have realized that it is really important to be close to people and know what they really need to give them what they really need.