A Brief Overview of Medicare’s Long-Running Evolution

Prior to 1965, healthcare wasn’t quite as accessible as it is these days. Physicians were out there, but many were out of reach for the average citizen. Medical insurance was available as well but not readily so even by today’s standards. This was particularly true where aging members of the nation’s population were concerned because they were considered too much of a risk for most coverage providers.

An Institution Is Born

Authorities decided something had to give and began developing a plan. In 1965, President Lyndon B. Johnson signed laws into effect ensuring healthcare coverage would be available to those over the age of 65. Deemed Medicare, this program initially covered basic medical care and hospital stays, taking the financial burden off the shoulders of millions of Americans as well as the practitioners and facilities charged with their care.

Branching out

Before long, the powers that be realized those over the age of 65 weren’t the only ones the healthcare system was failing, so improvements were made to the Medicare program. Americans with certain disabilities and chronic illnesses were brought into the eligibility fold, making care available to an even broader range of people. It soon became evident medical care had little positive effect without much-needed medication. Over time, prescriptions were added to the coverage benefits as well.

Further Growth

Eventually, additional dire needs came to the attention of Medicare’s keepers. Millions of low-income families, those without access to private coverage, pregnant women and other people were also suffering from a serious lack of medical care. Medicaid and its variations came to pass, further expanding the availability of physician care, prescription medications, medical supplies and other necessities.

Current Changes

Medicare’s latest changes have already been put into play. If you’d like more information on the new Supplemental Plan G, you can see this via the link provided here. Some of its highlights include Part A and B coinsurance and co-pay coverage as well as emergency care while traveling abroad.

More reforms are already in the works for the future. Like their predecessors, they’ll be designed to bridge gaps as they arise and mitigate the continually soaring cost of healthcare for eligible Americans. No one can say for sure what the next few years will look like for Medicare, but it’ll continue to carry on its tradition built over the last 50 years.