Which of the following statements about Medicare and Social Security are false? Choose one or more:

A. Spending on Medicare and Social Security has increased dramatically as the population has gotten older.

B. Social Security and Medicare are social insurance programs.

C. Medicare and Social Security represent about 10% of total federal government spending.

D. Medicare is a program that provides health care to the poor and to the elderly.

E. Medicare and Social Security are mandatory outlays.

Question

Kendall Yates

Business

18 May, 16:39

Which of the following statements about Medicare and Social Security are false? Choose one or more:

A. Spending on Medicare and Social Security has increased dramatically as the population has gotten older.

B. Social Security and Medicare are social insurance programs.

C. Medicare and Social Security represent about 10% of total federal government spending.

D. Medicare is a program that provides health care to the poor and to the elderly.

E. Medicare and Social Security are mandatory outlays.

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Answers (1)

Know the Answer?

Jazlynn Singh · Answer 1

Option A, B, E are false.

Explanation:

Medicare and social security are refered to as the social insurance programs. While medicare provides health care to the elderly and some disabled youngsters, the social security program aims at giving security against any loss in the income of individuals due to any unexpected situations. Both of these programs only represents about one third of the total government spending.