Social Security Now Has Four Major Benefit Programs: OASI, DI

question 81

True/False

Social Security now has four major benefit programs: OASI, DI, Medicare, and SSI.

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Definitions:

Social Insurance

Government-sponsored programs that provide financial protection to individuals against economic risks (e.g., unemployment, disability, old age).

National Health Insurance

A system of insurance that guarantees health care coverage to all residents of a country, typically funded by taxes.

Entrepreneurial System

An economic framework where businesses are initiated and managed by individual or collective entrepreneurs, aiming to earn profit and innovate within a market.

Salaried Practices

Employment situations where professionals, such as doctors, are paid a fixed salary rather than being compensated based on the volume of services they provide.