Marion B. Folsom

  • How to Pay the Hospital: Medical Care After Sixty-Five

    MARION B. FOLSOM. Secretary of Health, Education, and Welfare, in the Eisenhower Administration, has served in all four federal administrations since he helped to draft the Social Security Act of 1935. He is a director and former treasurer of the Eastman Kodak Company and was Undersecretary of the Treasury from 1953 to 1955.

  • Money After Age 65

    In 1929, when only a few companies had pension plans, MARION B. FOLSOM wrote a prophetic article.Old Age on the Balance Sheet" (September Atlantic), which concluded: “Good, humane management will not permit employees of long service to be discharged if they have not adequate means of sustenance. Yet good management cannot keep employees on the force when they are no longer productive. The solution is the inauguration of a sound and adequate pension plan. The longer the solution is delayed,the more expensive it becomes.”The intervening years have strengthened that statement. Treasurer of Eastman Kodak and regarded by business and government as an outstanding expert on social insurance. Mr. Folsom has served since 1934 on three governmental Advisory Councils dealing with social security.