In 1965, Medicare and Medicaid programs were established under the Social Security Act to provide medical coverage to specific demographics. Medicare is for the elderly and some disabled individuals, while Medicaid targets the poor for medical assistance.
Medicare and Medicaid programs were established as part of the Social Security Act of 1965. Medicare provides health insurance for those sixty-five and older, while Medicaid offers medical insurance for the poor. The main difference between the two programs is that Medicare primarily covers the elderly and some individuals with disabilities, while Medicaid targets the indigent for medical assistance.
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