Required Resources
Read/review the following resources for this activity:

• Textbook: Chapter 17
• Lesson
• Minimum of 1 scholarly source (in addition to the textbook)

Initial Post Instructions

For the initial post, respond to one of the following options, and label the beginning of your post indicating either Option 1 or Option 2:

• Option 1:The main social insurance programs like Social Security, Medicare, and unemployment compensation are funded by a payroll tax on the earnings of individuals who may receive benefits. Do you think the social insurance programs are effective? How are social insurance programs affected by the socioeconomic and political forces? Explain your answers.
• Option 2: Research government regulations on a particular area of your choice, such as food, drugs, product safety, fracking, environment, etc. Do you think the government regulations go too far? Do you think the government needs to add more regulations? How are lobbyists involved concerning regulations on food and drug safety, and our environment concerning fracking? Explain your answers.

Be sure to make connections between your ideas and conclusions and the research, concepts, terms, and theory we are discussing this week.

Solution:

Option 1

Yes, social insurance programs are effective to a substantial extent. Social insurance is a set of government run insurance schemes like in the United States, social security services provide Old age people, Survivors, Disability Insurance, Medicare and unemployment compensation. Social insurance programs do provide benefits to individuals who have paid into the program and whose employers have paid into the program on their behalf as they are often in the form of payroll taxes (Greenberg, 2018). Social insurance plans share some characteristics whereby they have well defined eligibility criteria and benefits, provisions for service income and expenditures that are financed by taxes or premiums charged by participants and participation that is either obligatory and heavily subsidized. Person claims for social insurance vary from those for public…Please click the icon below to purchase full answer at only $5