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TIA 2a. Why would you describe Medicare as a social insurance program? b. Describe the high patient cost of Medicare relative to private health insurance.

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2a. Why would you describe Medicare as a social insurance program? b. Describe the high patient cost of Medicare relative to private health insurance. c. Medicare provides medical coverage for what two groups of people? d. As an insurance program, has Medicare been successful in consumption smoothing over the lifetime of a person

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