Redistribution Social Insurance Discussions

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Redistribution Social Insurance Discussions
Redistribution from an economic stand point means the theory, policy, or practice of lessening…

 

SKU: HSM 544 Redistribution Social Insurance Discussions 2 Week 3 Categories: , Tags: , , ,

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Redistribution Social Insurance Discussions

Redistribution Social Insurance Discussions

HSM 544 Week 3 All Students Posts – 30 Pages 

Redistribution from an economic stand point means the theory, policy, or practice of lessening or reducing inequalities in income through such measures as progressive income taxation and antipoverty programs.  Where as Social Insurance is protection of the individual against economic hazards (such as unemployment, old age, or disability) in which the government participates or enforces the participation of employers and affected individuals.

Health insurance, like any kind of insurance, can be framed after the fact as redistribution. You pay health insurance premiums, you stay healthy, and therefore you “lose” your money goes to pay for other people’s losses. The framing of the health care individual mandate as a transfer from the healthy to the sick is the exact same as the framing of tax funded social insurance programs as a transfer from the rich to the poor. At the time you enter the system, you probably don’t know which category you will fall into. You might have some knowledge of the probabilities, but you could turn out to be very wrong: there are plenty of people who are healthy in their twenties but get very sick later. In either case, the framing as redistribution and the focus on winners and losers is a way of making something that all people value protection from risk, backed by the federal government’s balance sheet seem like a from of zero-sum redistribution brokered by that evil, meddling federal government.

For reducing inequalities in income through such measures as progressive income taxation and antipoverty programs. Whereas Social Insurance is protection of the individual against economic hazards (such as unemployment, old age, or disability) in which the government participates or enforces the participation of employers and affected individuals…