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Spending on social programs like Medicare and Medicaid have increased greatly over time. Provide a brief...

Spending on social programs like Medicare and Medicaid have increased greatly over time. Provide a brief description of how you would evaluate spending on these programs to determine if they are socially useful.

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Medicaid helped pay for the health coverage of more than 71 million adults and children with low incomes in October 2019. Medicaid accounts for a large portion of American births. Not every state publishes this data, but among the states that do, the rate of births supported by Medicaid is typically between 30% and 50%. The highest figure came from New Mexico, announcing that Medicaid supported 71 per cent of births in 2018. New Hampshire's lowest figure came-just 26 percent. The Affordable Care Act expanded coverage of Medicaid by 26%.
It increased the average level of income and provided for eligible single adults.

Public financing accounted for around 25 per cent of overall spending on health care in 1960. By 2002, this share almost doubled to around 46 per cent of overall spending. A substantial part of this increase is due to the implementation of Medicare and Medicaid programmes along with population ageing and the extension of coverage and benefits for the programme. The primary effect of rising government share of health care spending is the pressure that it puts on people to finance this spending, namely to boost taxes or increase long-term borrowing.

While decreasing the amount of money that businesses and households will have for certain purposes, tax increases often generate opportunities to participate in purposes to mitigate the consequences of such increases. Increased government funding to fund increases in health-care spending has a direct effect on capital access for other programs. As interest rates increase as a result of government borrowing, the cost of capital to businesses and households also increases, which will potentially crowd out investments in those otherwise undertaken activities.

Rahul Sunny answered 2 weeks ago
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