This President’s Day, we wanted to look back at three key moments in the history of Medicare.
- Creation of Part A and Part B: On July 30, 1965, President Lyndon B. Johnson signed into law the Social Security Act Amendments, which created the Medicare and Medicaid programs. The original Medicare program consisted of Part A, hospital insurance and Part B, medical insurance.
- Creation of Part C: The Balanced Budget Act of 1997, signed by President Bill Clinton, created Part C. Originally called Medicare+Choice and later renamed Medicare Advantage, Part C is a managed care option in Medicare.
- Creation of Part D: President George W. Bush signed the Medicare Prescription Drug Improvement and Modernization Act of 2003 on December 8, 2003. Known as MMA, this law included the creation of the Medicare prescription drug program (Part D), which took effect in 2006. Learn more about Part D at org/partD.
Nicole Longo Nicole is director of public affairs at PhRMA focusing on Medicare, 340B, importation and more. She previously worked for a D.C.-based public affairs firm where she assisted a wide range of clients with communications efforts on everything from trade policy to agriculture policy to health care policy. Outside the office, Nicole can be found trying new restaurants (usually Italian), taking an occasional barre class and cheering on the Cincinnati Bengals.