0
Is social security and medicare considered socialist programs?
Wiki User
∙ 12y ago
That depends on your definition of "socialist." Social Security and Medicare are financed by participants and their employers, so in that sense are probably not socialist. Medicaid, which is financed by public funds (taxes and borrowed money), could probably be considered socialist. However, in that sense, fire protection and law enforcement could also be considered socialist.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are Social Security Medicare and Medicaid known as?
"Entitlement Programs."
What do you call programs like social security?
Programs such as Social Security and Medicare are called social insurance programs, and fall under the general umbrella of welfare programs.
What level of government operates the medicare programs?
Medicare programs are part of the Health and Human Resources Administration. Most people refer to Medicare and Social Security as major programs that must continue to provide benefits to retired persons.
What are two of programs that FICA funds?
Social Security and Medicare are funded by FICA
What is income security programs?
There are a variety of income security programs. Some of these include the Supplemental Nutrition Assistance Program, Medicare, and low-income housing options.
Programs such as Social Security Medicare and unemployment insurance are termed?
They are called Transfer Payments
Is used by the federal government to support Social Security and Medicare programs?
idek rt
Which year did congress vote to add the Medicare and Medicaid programs to social security?
1965
Did social security provide insurance programs for the unemployed?
NO. The unemployment compensation program is NOT a part of the social security and medicare insurance program.
Can a nc resident on social security disability with medicare and nc medicaid have an IRA?
IRA's are not an eligibility factor for Social Security or Medicare. However, they are considered an asset for Medicaid.
What kind of economic system do you have in the US?
The government has many social programs that take from the "rich" and give to the potential voters. We have Social Security, welfare, Medicare, medicaid, AFDC, all "socialist" in theory. Therefore, we have some mix of free market socialism.
Which government programs help cover costs of retired Americans?
Social Surcurity
