Social insurance is the basis for most government redistribution programs, such as Medicaid and Social Security. It is usually community-rated with premiums based on ability to pay, and it is the basis of the provision of medical care to the poor, elderly, and other vulnerable population groups in the U.S. Social insurance requires mandatory participation to be effective. Therefore, all of the above statements are correct.

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Social Insurance

Question 18

Multiple Choice

Social insurance

A) is the basis for most government redistribution programs.
B) is usually community-rated with premiums based on ability to pay.
C) is the basis of the provision of medical care to the poor, elderly, and other vulnerable population groups in the U.S.
D) requires mandatory participation to be effective.
E) all of the above.

Correct Answer: