Government health insurance policies (i.e., Medicare, Medicaid) provide public insurance coverage to eligible populations. Drawing on the economic principles used to determine the health program(s) above, let us now look to financing Medicare to ensure its solvency for future generations.

In 2018 all the Democrat presidential candidates collectively advocated for some variation of a single payer health care system in the United States. Most proclaimed the change begins with a Medicare for all structure, which leads to the single payer structure eventually phasing out the need for private health insurance.

1. How would Medicare be financed under the proposed structure?
2. How do unemployment rates affect financing federal health programs, if they do?
3. Based on current statistics, when is Medicare no longer sustainable at its current pace?
4. What is your recommendation to maintain Medicares solvency (1-2 recommendations, with rationale). (7 pts.)