Social insurance and elderly entitlement reform: are they compatible? Academic Article uri icon

abstract

  • There is no inconsistency between Social Security and Medicare reform and a firm commitment to the concept of social insurance. The retirement benefit components of these programs are not part of social insurance. Social insurance allows for people who experience low-probability random bad events to be compensated by others. An event, such as reaching retirement age, is a high-probability event and not a candidate for social insurance.

published proceedings

  • Health Aff (Millwood)

author list (cited authors)

  • Saving, T. R.

citation count

  • 0

complete list of authors

  • Saving, Thomas R

publication date

  • May 2006