Recall the Application about how society will cope with increased demands for entitlement programs to answer the following question(s). This Application addresses the impact of increasing life expectancy and aging populations on the costs of government entitlement programs such as Social Security, Medicare and Medicaid, and examines several possible solutions to the potential problem.
-According to this Application, which of the following is NOT a strategy that the government can pursue to address the rising cost of federal retirement and health care programs?
A) reform the health care system to encourage more competition to reduce health care expenditures
B) increase the age at which retirement benefits begin to be paid
C) borrow from the public to finance the programs
D) promote government saving and investment to increase real GDP over time

Question

Quizplus · Accepted Answer

The option to borrow from the public is not a viable long-term solution to address the rising costs of government entitlement programs, as it only postpones the problem and can lead to an unsustainable level of public debt. The other options mentioned - reforming the health care system, increasing the retirement age, and promoting government saving and investment - are all potential strategies that can help to reduce program costs and increase sustainability over the long run.

Recall the Application About How Society Will Cope with Increased