Question

1. The passage of Medicare is the single biggest contributor to the looming failure of Social Security. Take a position and defend your answer with reasoning.

Your post should have a minimum of 150 words.

Answer 1

Both the schemes are government funded programs to benefit the people during their old age, retirement or with certain disabilities.

The Sociql Security enacted in 1935 also called as Old Age Survivors and disability Insurance.They provide benefits to people aged 62 and above,widowed individual.But their taxes are very high.If it is claimed very early it will provide only a minimal amount in the monthly check to the elders but if claimed after 70 yeqrsctye monthly return can be more.To avail this a 10 years of service is necessary with the payment of taxes during work period,even the wife's work history can also be included.

The Medicqre was enacted in the year 1965.It is available to all above 65 years. 10 years of work history is required if doesn't have theu can purchase it and get its benefits. It covers people who are disabled, ALS.The taxes are comparatively low.The patient privacy and security are maintained in a highly confidential way .They cover almost all the needs of the individual.

The social security had faced the looming in the report of 2016 which says that they won't run bankrupt.They will be able to provide the benefit .The shortfall expected in 2034 can be efficiently tackled because so far the loss has been just 9.95 of country GDP. Until the income rate tax is 1.68% the shortfall can be tackled and can be taken through years till 2090.Though it has been reported jo steps has been actively taken and initiated by the government to prevent the shortfall and hence paving way for the failure of Social Security in the forthcoming years.