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When Medicare became law in 1965, 19 million elderly Americans enrolled. By 2000, nearly 40 million people, almost 14 percent of the population, depended upon Medicare for health insurance coverage. As baby boomers age, the number of Medicare beneficiaries is expected to increase by at least 2 percent a year until 2015...
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Moreover, the time that the typical American receives Medicare benefits has increased: Nearly three years have been added to the life expectancy of the average American since Medicare began. Credit for the increase goes, in part, to expanded access to health care provided by Medicare and technological advances financed by Medicare payments...
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