Worker’s Compensation State-administered, private insurance providing wage replacement and medical benefits to employees injured on the job in exchange for relinquishing the right to sue the employer for negligence. Funded by employer Social Security Retirement Government-run, compulsory old-age pension program Funded by employer and employee paid payroll taxes (FICA) FDR (New Deal ) Unemployment Insurance Federal-state unemployment insurance Funded by federal and state employer-paid payroll taxes (FUTA, SUTA) FDR Social Security Disability Insurance (SSDI)Government-run, compulsory long-term disability insurance Funded by employer and employee paid payroll taxes (FICA) Dwight D Eisenhower Supplemental Security Income (SSI)Social welfare program providing stipends to low-income people who are either aged 65 or older, blind, or disabled. Funded by general tax revenues Richard Nixon Medicare Parts A & B Compulsory, single-payer, national health insurance for the elderly Funded by employer and employee paid payroll taxes (FICA), premiums, surtaxes on beneficiaries, and general tax revenues FYI, Medicare is a great deal for recipients LBJ (Great Society) Medicaid National health insurance for low-income people under age 65 and for those over 65 whose Medicare benefits have been exhaustedNearly 60% of nursing home residents receive Medicaid Funded by state and federal tax revenues Managed by the states LBJ (Great Society) Head Start Social welfare program providing comprehensive early childhood education, health, nutrition, and parent involvement services to low-income children and their families. LBJ (Great Society) Supplemental Nutrition Assistance Program (SNAP)Federal social welfare program providing food-purchasing assistance for low- and no-income people Formerly named the Food Stamp Program Today’s recipients use EBT debit cards rather than stamps LBJ (Great Society) and Jimmy Carter Earned Income Tax Credit Federal refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. Gerald Ford Children’s Health Insurance Program (CHIP)Social welfare program providing matching funds to states for health insurance to families with children whose incomes are modest but too high to qualify for Medicaid. Bill Clinton Temporary Assistance for Needy Families (TANF)Social welfare program providing temporary cash assistance to extremely poor families with dependent children. Bill Clinton Medicare Part C (Advantage) Managed care programs, run by private insurance companies approved and subsidized by Medicare. Bill Clinton Medicare Part D (Prescription Drugs) Social insurance program thatRegulates private prescription drug insurance plans for Medicare beneficiaries Subsidizes the costs of prescription drugs and prescription drug insurance premiums for low-income Medicare beneficiaries. Funded by general tax revenues George W Bush (Compassionate Conservatism) Affordable Care Act (ACA, Obamacare)Healthcare package that does many things Funded in many ways Barack Obama Like this: Like Loading...
A Philosopher's View 