The Social Security Network
- • The oldest program is Social Security itself. FDR signed it into law in 1935, although it would take a while longer before its administrative board had an actual budget. The purpose of Social Security is to provide a reliable paycheck to retired people based on the amount of money they paid in taxes over their lifetimes. In 1939, this benefit was extended to widows and dependents.
- • Throughout the 1950s, Social Security benefits were extended to disabled workers as well as to those over the age of 65, at least assuming the worker had built up enough Social Security credits beforehand.
- • In 1965, congress introduced Medicare and Medicaid. Medicare is meant specifically for those who are old enough to qualify for Social Security benefits, and Medicaid helps the disabled and those with very low income. Originally, the program only included free emergency care and an optional insurance program which would pay for regular visits to the doctor and other standard health care costs, but over the years it’s expanded to include sponsored private insurance plans and (most recently) prescription drug coverage. Now, with the Affordable Care Act, Medicaid has expanded to include a larger number of low-income citizens, although only in states which choose to opt in to the program.
- • In 1972, President Nixon signed into law the Supplemental Security Income program. SSI is designed to add a little extra assistance to people who need it and who might otherwise fall through the cracks of the system.