March Health Care Financing Administration is created to administer Medicare and Medicaid
Getting the signature: President Lyndon Johnson signs legislation creating Medicare and Medicaid in July 1965. At his left is former president Harry Truman, who proposed such a program in 1945. In the background, from left: Lady Bird Johnson, Vice President Hubert H. Humphrey and Bess Truman.
June Greater work incentives set up for disabled beneficiaries
August Some benefits reduced or eliminated: among them, student benefits phased out; lump-sum death payments limited.
January National Commission on Social Security Reform sends Congress recommendations to resolve Social Security program's financial
April Amendments passed to augment Social Security financing. Provisions include taxing Social Security benefits, covering federal employees, raising retirement age beginning in 2000 and increasing reserves in Social Security trust funds
June Social Security coverage established for federal employees hired after 1983
March Social Security Administration becomes an independent agency