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Social insurance programs have a certain meaning for those in need and require some additional help from the government to increase their level of life. Such measures allow focusing on the most urgent issues and working on the solutions while providing benefits and assistance to specific social groups. For instance, Medicare concentrates on aid to older adults or those with physical or mental limitations (Agarwal et al., 2021). These social insurance programs help them pay their bills in medical institutions and cover the prescribed medicine costs (Agarwal et al., 2021). There are always segments of people in the society who struggle more than the general population, and by taking measures, the government increases the economic growth and general well-being (Ibrahim & Devesh, 2020). Eventually, it helps certain social groups to overcome some difficulties and manage their issues more effectively. Elderly, veterans, or people with disabilities receive material support and particular benefits, which is especially helpful in such cases so that social insurance programs effectively improve the quality of their lives.
Socioeconomic and political events always affect the population and even the more significant impact they have on the unsecured segments of the community. Whether it is an economic crisis or tragedy like war or terroristic attacks, it raises some societal issues (Greenberg & Page, 2018). In addition, there are always those who experience more damage from the situations than the others. Consequently, it stimulates the policymakers to view the problem and consider implementing decisions to minimize the negative reactions. Moreover, if the issue is massively discussed among the people or raises a concerned media, it becomes a stimulus for the government to take action. Thus, social insurance programs are the results of the responses to the socioeconomic and political factors, which are supposed to create positive change for the vulnerable members of the community.
References
Agarwal, R., Connolly, J., Gupta, S., & Navathe, A. S. (2021). Comparing Medicare Advantage And Traditional Medicare: A Systematic Review: A systematic review compares Medicare Advantage and traditional Medicare on key metrics, including preventive care visits, hospital admissions, and emergency room visits.Health Affairs, 40(6), 937-944.
Greenberg, E. S., & Page, B. I. (2018). The Struggle for Democracy, 2018 Elections and Updates Edition (12th Edition). Pearson Education (US). Web.
Ibrahim, O. A., & Devesh, S. (2020). Socio-economic Dynamics of Social Insurance in Oman: A Model Approach. International Journal of Economics and Financial Issues, 10(2), 37.
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