Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 19 May 2019

Abstract and Keywords

The retirement-related entitlement programs—Medicare, Medicaid, Social Security, and Supplemental Security Income—have substantially reduced poverty and enhanced the independence of older Americans. They play a key role in meeting financial needs in retirement and should be a stable part of individuals’ plans for their retirement years. However, fiscal pressures arising from high levels of overall government deficit spending and the rapid growth in spending on these particular programs make them vulnerable to policy changes. Medicare is the most likely candidate for substantial change because of its size and rate of growth, reflecting high healthcare costs in the United States. As yet, however, there is little consensus on how to bring about such changes, nor on the appropriate order of magnitude of any reductions in spending.

Keywords: entitlement programs, Social Security, Medicare

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.