Which of the following statements about the Social Security,Medicare,and Medicaid programs is true?
A)Spending on these three programs will rise from 9.7% of GDP currently to 10.2% of GDP by 2050.
B)Costs are being driven up by the fact that Americans are living longer and medical costs are rising substantially.
C)Some economists have argued for decreasing taxes to help with these programs' funding problems.
D)Some economists have argued for increasing benefits to help with these programs' funding problems.

Question

Quizplus · Accepted Answer

The statement that costs are being driven up by the fact that Americans are living longer and medical costs are rising substantially is true. The other statements are not necessarily true. Spending on these programs may rise or fall, and there are varying opinions on how to address the funding problems of these programs.

Which of the Following Statements About the Social Security,Medicare,and Medicaid