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Medicare (n.)

name for a state-run health insurance system for the elderly, 1962, originally in a Canadian context, from medical (adj.) + care (n.). U.S. use is from 1965; the U.S. program was set up by Title XVIII of the Social Security Act of 1965.

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Definitions of Medicare

Medicare (n.)
health care for the aged; a federally administered system of health insurance available to persons aged 65 and over;
From wordnet.princeton.edu