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But it wasnât until 1965 â after legislation was signed by President Lyndon B Johnson â that Americans started receiving Medicare health coverage. Today, Medicare continues to provide health care for those in need. By the end of 2014, there were 49,435,610 people receiving health coverage through a Medicare program. Benefits paid in 2013 amounted to $583, which was about 14 percent of the federal budget.
In January 1966, President Johnson returned to the Truman Library to make a speech and, at that time, presented the first Medicare cards to former President Harry and Bess Truman. Serial Number: A1786-22, Date:1/20/1966 Harry S. Truman Library, Independence, Missouri.