Executive Council Statement
Prescription Drugs
… Chicago, Ill. In 1965, President Lyndon Johnson created Medicare to bring affordable, high quality health care and economic security to America’s seniors. At the time, the private insurance … the health care needs of retired Americans, and medical bills were forcing many into poverty after a lifetime of hard work. The concept behind Medicare was simple and effective: provide the same affordable, comprehensive set of benefits to … when the baby boomers retire. Health coverage for retirees is in serious jeopardy, as employers shed coverage right and left. The Medicare managed care program has dropped more than 2 million beneficiaries from plans during the past …