Medicare, Social Security, and Medicaid are crucial programs that assist the elderly with medical expenses, reducing financial burdens and improving healthcare access.
Medicare is a federal program established in 1965 to provide health insurance for Americans aged 65 and older. It covers hospital visits, doctors' appointments, and prescription drugs, addressing the high healthcare expenses faced by seniors.
Social Security is another key program that offers old age pensions funded by people during their working years. These programs aim to reduce the financial burden on the elderly and have significantly alleviated poverty rates among seniors.
Medicaid, passed in 1965 as part of the Social Security Amendments, provides medical assistance to the poor. While it primarily helps low-income individuals, Social Security and Medicare focus on supporting the elderly population.
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