Social Security Act of 1965

From Wikipedia, the free encyclopedia

The Social Security Act of 1965 was a United States federal law that 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 United States federal legislation article is a stub. You can help Wikipedia by expanding it.
Retrieved from "http://en.wikipedia.org../../../s/o/c/Social_Security_Act_of_1965_dc4f.html"