Word: ssa
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Dates: during 1960-1969
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...first $40 and for up to 60 days at a time. In Medicare's first few months, hospitals complained that they were kept waiting so long for payment that they were being bankrupted. Now all parties have learned to process the masses of paper more expeditiously, and SSA asserts that it gets a check out in ten days, on the average...
Medicare has enrolled 19.1 million elderly Americans under Part A, and on any one day 200,000 of them are in a hospital-roughly, one out of 20. In all, 6,000,000 patients have piled up 7,500,000 hospital admissions at a total cost to the SSA of $3 billion. In a few hospitals, this means twice as many over-65 patients as there were before Medicare, with a national average of 20% more; they stay an average of two days longer than before...