PSYC 5571 Lecture Notes - Lecture 13: Hearing Aid, Co-Insurance, Medicare Advantage
Document Summary
Only reason ny still has 24% of its workers in unions is due to the public sector. Lots of schools in the boston area are starting to unionize teaching fellows. Some people say that the lack of unions has caused the dramatic inequality in our country, the hollowing out of the middle class. Higher percentage of women have retirement plans. Higher earners are more likely to have pension plans. Blacks and whites are more likely than hispanics and asians to have pensions. Medicare & medicaid + social security eat up about half of the federal budget. The full name for the social security law is oasdhi: h is medicare. Medicare is social insurance: you pay into it, when you"re old enough you are eligible for it, 65+ Medicaid is social assistance: this is like ssi you have to have low income to receive it, etc. If you are poor and over 65 you can be dual enrolled.
