Government insurance programs are funded by
A. Insurance premiums.
B. Private insurers.
C. Charitable donations.
D. Taxes.
Answer (2)
Government insurance programs are primarily funded by taxes, particularly through payroll and income taxes. These collected funds are used to support programs like Social Security and Medicare. Other options like insurance premiums, private insurers, and charitable donations do not directly fund these programs. ;
Government insurance programs are funded primarily by taxes, particularly payroll and income taxes. This revenue supports programs like Social Security, Medicare, and Medicaid, which provide essential services to citizens. Unlike private insurance, these programs rely on tax contributions rather than premiums or donations.
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