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Meeting this need of the aged was given top priority by President Lyndon B. Johnson's Administration, and a year and a half after he took office this objective was achieved when a new program, Medicare, was established by the 1965 amendments to the social security program.
President Johnson signs Medicare bill on July 30, 1965. Share on Facebook Share on Twitter. On this day in 1965, President Lyndon Johnson signed into law Medicare, which provides low-cost hospitalization and medical insurance for the nation's elderly.The legislation remains an important legacy of LBJâs âGreat Societyâ society initiative.hare on Facebook Share on Twitter. On this day in 1965, President Lyndon Johnson signed into law Medicare, which provides low-cost hospitalization and medical insurance for the nation's elderly. The legislation remains an important legacy of LBJâs âGreat Societyâ society initiative.