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2. What recommendations for improvement would you offer the government related to Social Security and Medicare? How can we improve the system without unfairly burdening taxpayers and/or worsening the government deficit?
Weegy: 2. Social Security has ventured far from its original purpose, which was to provide some retirement benefit for people who mostly worked without one. Caring for aged, ill parents was done at home, and very few had any saved retirement. [ People didn't live as long, but there was no money for the aged. Now, people who retire at 65 can expect to live 22 years or more, drawing benefits every month. Social Security was never intended to be a retiree's sole income in retirement, but that is often the case. Medicare, added to our society in the 1960's, was a great success in socialism, making sure that health care could be available, and funded with small dollars at the time. What could be done? 1. A means test for social security payouts. If you don't need it, don't collect benefits. 2. A return to traditional retirement benefits to be paid by employers. Shifting the retirement burden from employer-paid plans put the burden on individuals to save for their retirement, and too few are, meaning generations will be as dependent, if not more, on Social Security as their main retirement funding. 3. People who get Medicare benefits get access to the world's best health care as long as your doctor or hospital will accept their payment. Here are a few ideas: Access to medicare for everyone, which will immediately draw down the price for health care (medicare's reimbursement would be the standard, putting health insurers and their obscene profits out of business). US drug costs would go down as well, as would hospital stays and doctor fees. A hard cap on health care costs, socializing the system. The industry has been allowed to grow and overcharge in the US to make up for price controls everywhere else. Read more: On page 9-9 through 9-10 of your textbook, they discuss the - JustAnswer ] (More)
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Asked 12/15/2012 6:24:41 PM
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