Explore the possible options for addressing the root causes of the financial problems with the benefit programs Social Security and Medicare. a. What do you think the best solution(s) might be? b. What are the barriers to a successful solution?

A

a. The best solution would be to adopt a group cover as opposed to an individual cover for social security and medical care. This would reduce the cost by almost half, especially when a company enters a long contract with an insurance provider.

b. Government regulations on remuneration might compromise the ability to adopt group cover. Moreover, small companies might not realize the substantial impact of the group cover due to limited economies of scale.

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Academic.Tips. (2021, June 10). Explore the possible options for addressing the root causes of the financial problems with the benefit programs Social Security and Medicare. a. What do you think the best solution(s) might be? b. What are the barriers to a successful solution? Retrieved from https://academic.tips/question/explore-the-possible-options-for-addressing-the-root-causes-of-the-financial-problems-with-the-benefit-programs-social-security-and-medicare-a-what-do-you-think-the-best-solutions-might-be-b-wha/

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Academic.Tips. 2021. "Explore the possible options for addressing the root causes of the financial problems with the benefit programs Social Security and Medicare. a. What do you think the best solution(s) might be? b. What are the barriers to a successful solution?" June 10, 2021. https://academic.tips/question/explore-the-possible-options-for-addressing-the-root-causes-of-the-financial-problems-with-the-benefit-programs-social-security-and-medicare-a-what-do-you-think-the-best-solutions-might-be-b-wha/.

1. Academic.Tips. "Explore the possible options for addressing the root causes of the financial problems with the benefit programs Social Security and Medicare. a. What do you think the best solution(s) might be? b. What are the barriers to a successful solution?" June 10, 2021. https://academic.tips/question/explore-the-possible-options-for-addressing-the-root-causes-of-the-financial-problems-with-the-benefit-programs-social-security-and-medicare-a-what-do-you-think-the-best-solutions-might-be-b-wha/.


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Academic.Tips. "Explore the possible options for addressing the root causes of the financial problems with the benefit programs Social Security and Medicare. a. What do you think the best solution(s) might be? b. What are the barriers to a successful solution?" June 10, 2021. https://academic.tips/question/explore-the-possible-options-for-addressing-the-root-causes-of-the-financial-problems-with-the-benefit-programs-social-security-and-medicare-a-what-do-you-think-the-best-solutions-might-be-b-wha/.

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"Explore the possible options for addressing the root causes of the financial problems with the benefit programs Social Security and Medicare. a. What do you think the best solution(s) might be? b. What are the barriers to a successful solution?" Academic.Tips, 10 June 2021, academic.tips/question/explore-the-possible-options-for-addressing-the-root-causes-of-the-financial-problems-with-the-benefit-programs-social-security-and-medicare-a-what-do-you-think-the-best-solutions-might-be-b-wha/.

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