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The Role of Medicare and Medicaid in the US Economy
Medicare and Medicaid play a vital role in US society and the economy, being highly regarded due to their historical significance during times of economic turmoil. Social Security and Medicare were established during the Great Depression when the government had limited funds and widespread unemployment. The programs gained popularity and importance as the political stance of the American working class shifted towards the left, emphasizing the significance of these programs in providing support and security to the citizens.