Learning from the Past? An Analogy between Compulsory Public Schools and Health Insurance* | larrycuban

The U.S. Senate’s failure to either repeal or repair the Affordable Care Act (Obamacare) means that the existing law, its strengths and flaws, will be around for the immediate future. A half-century ago, President Lyndon Johnson signed amendments to the Social Security law that the then Democrat-controlled House of  Representatives and Senate passed with large majorities. Thus, Medicare became the law of the land in 1965 for Americans 65 and older and Medicaid for the very poor. It was a single payer system of what was then called “socialized medicine.”

The first enrollee for Medicare was…

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