In his address to the National Conference on Economic Security, November 14, President Franklin D. Roosevelt made the following statement on the subject of old age pensions and sickness insurance:
I do not know whether this is the time for any federal legislation on old age security. Organizations promoting fantastic schemes have aroused hopes which cannot possibly be fulfilled. Through their activities they have increased the difficulties of getting sound legislation; but I hope that in time we may be able to provide security for the aged—a sound and uniform system which will provide true security.
There is also the problem of economic loss due to sickness— a very serious matter for many families with and without incomes and therefore an unfair burden upon the medical profession. Whether we come to this form of insurance soon or later on I am confident that we can devise a system which will
THE CONFERENCE ON ECONOMIC SECURITY. JAMA. 1934;103(21):1624–1625. doi:10.1001/jama.1934.02750470046012