On July 30, 1965, President Johnson signed Medicare into law–a health insurance program for individuals 65 and up. You can read the President’s entire speech and his explanation of the law at https://goo.gl/DgXHhR.
The President remarked– “No longer will older Americans be denied the healing miracle of modern medicine. No longer will illness crush and destroy the savings that they have so carefully put away over a lifetime so that they might enjoy dignity in their later years. No longer will young families see their own incomes, and their own hopes, eaten away simply because they are carrying out their deep moral obligations to their parents, and to their uncles, and their aunts.”