Institute:Office of National Coordinator (ONC) Workforce Training Curriculum
Component:Introduction to Health Care and Public Health in the U.S.
Unit:Financing Health Care - Part 1
Lecture:The history of the health insurance industry in the U.S.
Slide content:Social Security Act Passed in 1935 Established system of old-age benefits Also created: Unemployment insurance Benefits for victims of industrial accidents Aid for dependent mothers and children, the blind, and the physically handicapped Social Security Act: Medicare and Medicaid 9
Slide notes:In 1935, President Franklin D. Roosevelt pressed for Congress to pass the Social Security Act as part of the New Deal during the Great Depression. One of the laws major effects was establishing old-age benefits for people who have been employed - todays Society Security. However, the law also created a number of other benefits, including unemployment insurance, as well as aid to victims of industrial accidents, dependent mothers and children, the blind, and the physically handicapped . Later , amendments to the Social Security Act allowed for the two large Federal payment programs, Medicare and Medicaid. 9