Social Security Act of 1965

From Wikipedia, the free encyclopedia.

Jump to: navigation, search

The United States Social Security Act of 1965 established Medicare and Medicaid. It did so by 'liberating' the Social Security Trust Fund, changing its funding from a forced savings type of an account into a 'pay as you go' type of fund. This system has caused concerns about its long-term stability.

This legislation article is a stub. You can help Wikipedia by expanding it.
Retrieved from "http://en.wikipedia.org/wiki/Social_Security_Act_of_1965"
Personal tools