Asked by Conor Keehley on Jun 13, 2024
Verified
Government spending is projected to rise over the next few decades. Three of the most important reasons are spending on Social Security, Medicare, and healthcare.
Social Security
A government program that provides financial assistance to people with inadequate or no income, primarily the elderly, disabled, and families with dependent children.
Medicare
A federal health insurance program in the United States for people age 65 and older, and for some younger people with disabilities.
Healthcare
A system, or series of services, aimed at maintaining or improving the health of individuals through prevention, diagnosis, treatment, and rehabilitation.
- Analyze the reasons for projected increases in government spending, particularly related to Social Security, Medicare, and healthcare.
Verified Answer
AC
Asisipho CenganiJun 19, 2024
Final Answer :
True
Explanation :
These areas are significant components of government expenditure, and as the population ages, the costs associated with Social Security, Medicare, and healthcare are expected to increase, contributing to the overall rise in government spending.
Learning Objectives
- Analyze the reasons for projected increases in government spending, particularly related to Social Security, Medicare, and healthcare.