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Social Security Act of 1965 - The Social Security Act of 1965 was a United States federal law that established Medicare and Medicaid. It did so by 'liberating' the Social Security Trust Fund, changing its funding from a forced savings type of an account into a 'pay as you go' type of fund.
Concord Coalition - The Concord Coalition is a nationwide, non-partisan, grassroots organization advocating fiscal responsibility while ensuring Social Security, Medicare, and Medicaid are secure for all generations. The Concord Coalition was founded in 1992 by the late former Senator Paul Tsongas (D-Mass.
Medicare (United States) - Medicare is a health insurance program for the elderly and disabled in the USA. It was first passed on July 30, 1965 by President Lyndon Johnson as amendments to Social Security legislation.
Social Security Trust Fund - The Social Security Trust Fund is the United States federal government's means of accounting for workers' and employers' paid-in contributions to the Social Security system and benefits paid out to retired or disabled workers or their survivors, as well as administrative expenses. Contributions that are in excess of current payments to beneficiaries the amount not yet needed for Social Security purposes, is invested in securities issued by the government; those securities constitute the assets of the Trust Fund.
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