Ch. 18 Social Safety Nets

New Deal

FDR programs during Great Depression

means-tested

benefits are distributed on the basis of need to those who can prove that their income is low enough to qualify

market eco

capitalism

Medicare

federal health insurance programs for elderly + disabled

safety nets

govt programs that protect minimum standard of living of fams ag/ loss of income

social insurance

govt programs that provide income support (insurance trust fund) i.e. Social Security and Medicare

welfare state

govt with broad set of safety net programs

Medicaid

program admin by states that pays for health care services for poor; jointly funded by fed govt and states

TANF

program that provides income and services to poor fams; has benefit time limits and work requirement

Social Security

social insurance program provides support for elderly, handicaps, and family survivors