Presidential money moves: Lyndon B. Johnson

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2008 - George W. Bush 1971 - Richard Nixon 1930 - Herbert Hoover 1965 - Lyndon B. Johnson 1933 - Franklin Delano Roosevelt 1816 - James Madison 1890 - Benjamin Harrison 1913 - Woodrow Wilson 1791 - George Washington

Lyndon B. Johnson

Medicare and Medicaid

FDR’s New Deal created a government program to help give basic income to the elderly and the poor, but it wasn’t until President Johnson came to office when they’d also get government-funded health insurance.

Johnson signed into law the Social Security Act of 1965, which amended 1935’s SSA. This move created Medicare and Medicaid, which help fund health insurance coverage for the impoverished and people 65 and older.

The Kaiser Family Foundation estimates Medicare and Medicaid cover up to 49 million people and 51.5 million people, respectively.