That depends on your definition of "socialist." Social Security and Medicare are financed by participants and their employers, so in that sense are probably not socialist. Medicaid, which is financed by public funds (taxes and borrowed money), could probably be considered socialist. However, in that sense, fire protection and law enforcement could also be considered socialist.
"Entitlement Programs."
Programs such as Social Security and Medicare are called social insurance programs, and fall under the general umbrella of welfare programs.
Medicare programs are part of the Health and Human Resources Administration. Most people refer to Medicare and Social Security as major programs that must continue to provide benefits to retired persons.
Social Security and Medicare are funded by FICA
There are a variety of income security programs. Some of these include the Supplemental Nutrition Assistance Program, Medicare, and low-income housing options.
They are called Transfer Payments
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1965
NO. The unemployment compensation program is NOT a part of the social security and medicare insurance program.
IRA's are not an eligibility factor for Social Security or Medicare. However, they are considered an asset for Medicaid.
The government has many social programs that take from the "rich" and give to the potential voters. We have Social Security, welfare, Medicare, medicaid, AFDC, all "socialist" in theory. Therefore, we have some mix of free market socialism.
Social Surcurity