Question

In what year did Medicare become so expensive that the federal government introduced a price-control system?

Answer 1

I believe this was 1965 since that is when the US health care cost crisis started.

Answer 2

Mid 90s.

Step-by-step explanation:

The reforms of the mid-1990s were transiently successful in curbing Medicare expenses. This program reached an annual growth of about 9% between 1993 and 1996, and that was expected to continue. Medicare expenses in the mid-1990s declined but then grew again, but more slowly. These reforms resulted in health providers protesting the increase in regulatory requirements.