By far the largest of the U.S.statutory programs,in both size and cost to employers (and employees),are ______.
A) Social Security and Medicare
B) Social Security and Medicaid
C) Medicare and Medicaid
D) Medicare and the ACA

Question

Quizplus · Accepted Answer

Social Security and Medicare are the two largest U.S. statutory programs in terms of both size and cost to employers and employees. As of 2021, the combined cost of these two programs exceeds $2.5 trillion annually. Social Security provides retirement, disability, and survivor benefits to eligible workers and their families, while Medicare provides health insurance to people aged 65 and over, as well as some younger people with certain disabilities. Medicaid, another government healthcare program, provides coverage to low-income individuals and families and is not as large or costly as Social Security and Medicare. The Affordable Care Act (ACA) is primarily focused on expanding access to healthcare and insurance coverage but does not have the same size or cost as Social Security and Medicare.

By Far the Largest of the U