Source: EconLog
by Walter Donway
“In 1965, President Lyndon B. Johnson signed Medicare and Medicaid into law, transforming American healthcare. Today, those programs have become so much part of our national consciousness that imagining a world without them borders on the unthinkable. And yet, just seven decades ago, the United States had a medical and hospital care system that functioned well for most Americans largely without government. Was it a perfect system? No. But the question we should be asking is if the radical transformation that came with Medicare and Medicaid was ever an improvement or sustainable economically or systemically.” (04/07/25)
https://www.econlib.org/library/columns/y2025/donwaymedicare.html