The medicare bill will not solve all the problems of growing old—but it will certainly make the process much less costly to the elderly. It is actually three programs in one.

Part 1 is a hospitalization program, to be financed under social security, for which persons 65 or older will automatically qualify.

Those thus eligible would have to pay only the first $40 of hospital charges of up to 60 days. The Government will pay for rooms in two-to four-bed quarters and for food, medicines, drugs and care by internes and nurses. After a hospital stay of at least three days, a patient...

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