Social Security Benefit Program Implementation

It has been recognized that ever since its passage into law the Affordable Care Act frequently known as Obamacare has and will continue to attract criticism and scrutiny. This is the America`s major and mainly well-liked social indemnity programs. Despite the fact the Affordable Care Act is a highly multifaceted piece of legislation featuring many regulatory and intergovernmental provisions meant to deal with lack of health insurance coverage affecting a variety of diverse groups, Medicare and social security are much more focused programs providing benefits primarily to the aged. Social security and Medicare were in the beginning implemented more without difficulty and with a little of bipartisan support, because in 1935 and 1965 democrats

Notably, the elderly populace is growing rapidly, and will reach 3.4 million or 12.8% of the population. Eventually, in the next thirty years older adults will comprise of 20% of the total population due to the aging of 76 million baby boomers (Olson, 2001). Seeing that, entitlement programs and means-tested benefits, are presented, in order to bolster this increment of older adults. Accordingly, around 96% of the American workforce is secured by Social Security and it is likewise estimated that 58 million American will receive a total of $816 billion in Social Security benefits (Moody and Sasser, 2015). In fact, today 56 million or 17% of the population is enlisted in Medicare (Leonard, 2015). Therefore, this has presented an open deliberation about the eventual fate of Medicare and Social Security and regardless of whether changing Medicare and Social Security to means-tested benefits, instead of entitlement programs can resolve the policy issues.

For years, Social Security has provided retired, disabled, as well many other Americans with financial security when they lacked or had little income later in their lives. Now, Social Security is being overwhelmed as the American population continues to grow. The Baby Boomers, or the demographic group born in the post- World War II era, from 1946-1964, have been the main reason for the prevalence of this issue. Millions were born during this era and by 2012 they were eligible for the full benefits of Social Security. Two years after that and for the first time ever, Social Security had to draw from its fund and since then they have not collected a surplus of taxes. Recent predictions show that by “2035, the number of Americans over age 65 will jump from today's 48 million to 79 million,” showing that this is just the start of Social Security’s problems to come. By 2035, I will hopefully be in my mid-30’s, wondering if one I would be able to afford retirement and without this system, I’m a bit unsure.

We could save the Social Security Program, if we engaged in some simple changes. There could be some slight changes in the retirement age area and in the Taxes area. According to the Article "Modest Changes Could save Social Security Program" written by Stephen Ohlemacher, he clearly stated that employees are 100% grantee for an full retirement benefit package once the hit the age of sixty-six. It will later rises to the age of sixty-seven for elders that was born in 1960 or later. In addition, employees are able to receive an early retirement at the age of sixty-two, although their retirement benefits would have been reduced (Ohlemacher). Some changes we can apply to the retirement age, is that we could slightly increase the retirement age until it reaches seventy in the year 2027, which would eliminate some shortfall in the program. Secondly, there should be a three-year increase in the early retirement age,

This program will be based on and influenced on various countries single-payer systems, but more importantly based on a proposed congressional bill named H. R. 676. Under such a program free health care will include things such as primary care and prevention, prescription drugs, emergency care, long-term care, mental health services, vision care, and many more. All individuals living within the country and its territories would be covered under this program. Just like how our Medicare system works today, individuals will each be given a card that hosts their Medicare claim

The United States Social Security Administration (SSA) was founded in August 14, 1935 as an outcome of President Franklin D. Roosevelt's Second New Deal. As an attempt to prevent future destituion such as the one the nation was experiencing currently in the Great Depression, the program guaranteed an income for the unemployed and retirees 65 or older. Franklin D. Roosevelt created this in an "executive order.” The President put this into action by issuing an Executive Order. In the years following, the only changes to the program have been to expand the coverage for workers and increase benefits provided. To this day, the SSA still functions as a major dependency of Americans.

Obama care, endorsed in 2010, perceived to course paradigm-shifting revolution in healthcare structure. This has not solved the problems and there for there is a need to revisit our policies and come up with a workable program that will solve the existing problems (Mitchell, 2013). In conclusion, Obama care scheme cannot eliminate the existing problems. We need an elaborate scheme to solve this problem completely. Social Security benefits program bears the solution.

portion of the retiree’s income. In order to provide these benefits to retirees a 6.2% tax

===The goals of the Social Security program is to bring monetary assistance to specific and certain groups such as the elderly, disabled and widows. The goals of the social security program, as stated in their government page are, “to keep American families from becoming destitute--in health or in the essentials of life. We do not want a program which, alone, would enable anybody to live in luxury; but we do want a program that will assure every family in the Nation enough to live on in times of adversity.” (ssa.gov) To learn about one of America’s most successful program it is important as a reader to know that this program has been around for 80 years, since August 14, 1935 when President Franklin Roosevelt signed and made Social Security

This report was written on November 20, 2015, by Brittney Bowman, using sources from the VU library website. In this report, I will discuss the presently debated topic of the future of the Social Security program. I will do this by providing information on the history of the program, exploring the current standing of the program and its related uncertainty, and discussing the future of the program. The purpose of this report is to fulfill the business report assignment requirements by exploring the future of Social Security and what events have brought the program to where it is now. The problem with this issue is that due to conflicting information being reported, the current state of the Social Security program is unknown and is rumored to be running out of funds with the program reaching bankruptcy in the very near future. However, this is still debated upon between groups on whether the program is actually going broke. Regardless, the Social Security Program has been a very common source of income for retirees for nearly a hundred years and it will very soon need to be revitalized to accommodate growing need and demand.

In 1935, President Franklin D. Roosevelt, signed a document that created a new phenomenon called Social Security. Social Security is a government program where people pay 7% of their wages into it and those who are retired, unemployed, or unable to work can receive Social Security. Social Security recently has become a little more concerning for people in the future because of the Baby Boomers are getting closer to that age where they can receive Social Security. However, the people of the United States are still to this day for the government program. During George W. Bush’s time as President, he wanted to privatize Social Security. He quickly was despised by the public and Democrats for trying to restructure Social Security; therefore, the

Making America a social justice system with social insurance benefits will allow for the social insurance programs to be funded by everyone and offer benefits to all citizens regardless of their income (Rogne, 2009, p. xxvi). Like any other program, social insurance has its advantages and disadvantages. One of the main advantages of social insurance is that it will prevent individuals and/or families from falling victim to poverty due to unexpected healthcare cost (Normand & Weber, 1994, p. 28). However, the major disadvantage to social insurance is that people will not fully comprehend and accept the concept of social insurance (Normand & Weber, 1994, p. 29). The government should take the time to explain social insurance to the citizens of their country, since this will be something that the country will be considering developing.

It is 2017 and I have just immigrated to the United States for the first time. This is a new world for me, but I know I will get the proper help in this wonderful country. First and foremost, my mother and I wasted no time in getting our social security numbers. These 9 numbers the government provides, allows us to get jobs, apply for a bank account, and even get a driver’s license. Now that I have received my social and I am 15 years old, my mother decided I needed to start acting like a responsible teenager. She has enlisted me to Woodrow Wilson High school to start my junior year. She also took me to the Department of Motor Vehicles to get driving classes to get my driver’s license. Lastly but not least, I applied for a job at the City

Medicare could be in jeopardy of not existing in the near future, but the number of physicians that have the knowledge is not adequate to provide the necessary care (Archer, 2012). The elderly population will need Nurse Practitioners and Physicians Assistants that are educated in dealing with special needs (Archer, 2012). The rising cost of medicine for the elderly and paying out of pocket.

Plagued by a persistent barrage, an influx of incoming baby boomers who have sparingly parceled out a portion of their hard-earned fortunes year by year to support their preceding generation, so that their elders may continue to live free, prosperous lives as these elders had ensured for the generation before theirs, the United States Social Security program has acted as a self-financing aid to the nation’s retiring populations since its inception in 1935 as part of a plan to revitalize our nation under the New Deal- a program run by America’s incumbent workforce. Indeed, through stabbing Social Security tax increases, and the uncertainty of The Great Recession in 2008, it was finally their turn to receive the benefits they had paid into for so long; America’s largest