According to john geyman, the year 1965 was a very important landmark year for the passing of medicare and medicaid in the united states of america. respectively, what is the purpose of medicare as well as the purpose of medicaid?

On 30th July 1964, Lyndon B. Johnson the president signed a Bill on Medicare and Medicaid into Law. The medical program included; Hospital and medical insurance with benefits of getting prescription drugs over the years have been offered. Mediaids that also started basic insurance programs have offered quality and affordable healthcare programmes characterised by smart and healthier systems.

The purpose of Medicare is to ensure that people ages 65 and over (and other specified individuals) have basic health insurance. It covers services such as inpatient hospital care, lab tests, and surgery. The purpose of Medicaid is to ensure that low-asset people (people with disabilities, older people, pregnant women, and children) have health coverage and/or nursing coverage (for those applicable).