Social Insurance Essay Example for Free

Social Insurance EssaySocial amends funded programs include Social Security, Workmens stipend, Medicare, and unemployment benefits. Each of these programs is funded by a portion of a persons check. A certain amount is taken out of each check and put in an mark for future use. Some of these programs even include a match payment made by the employer. This is by and large used for Social Security. The benefits from each of these programs are used in the event of a future clock time of unemployment. The benefits from Social Security are used when a person is old enough to retire.Workmens compensation benefits are available to lapers that have been hurt upon the job and are no longer able to work for a certain amount of time. Benefits that are available when a person is unemployed are scarce available if the person is terminated by no fault of their own. I have found that thither is one major drawback to social insurance, the growth in our population. With an increase in popula tion and a strike in the job market, it is harder for people to go back to work when they have been laid off. Our economy at this point is still unstable.With more and more workers joining the workforce each day and our jobs being direct overseas it is easy to see the drawback to social insurance programs. The one drawback for Social Security according to domiciliate Wedel (2005) is that if we are to make it to the projected year of 2040, those who are in workforce will be obligate to provide a higher amount of money out of their checks. I feel that any drawback cogitate to social insurance funding is based upon the growth in population and the decrease in our economy.