Retirement and health insurance are very concerning topics for a significant amount of people. There are many risks related to them due to a number of factors: stock market instability, possible changes to the funding of those programs and the threat of the abolishment of Medicare. Currently, a large amount of people is considering the privatization of Social Security and removing Medicare. Other voters think that the politicians, who are capable of protecting those projects, should be sent to Washington and Tallahassee. It is crucial to depict the opinions of both sides to better understand the issue.
On the one hand, the negative outcomes include healthcare being less affordable, retired people struggling with the payment of the medical bills, et cetera. On the other hand, people think that accepting Medicare may make healthcare more expensive and deteriorate its quality (Geyman, 2021). In order to preserve those programs, I can participate more actively in discussions and voting polls related to this issue, send letters to politicians. This gives officials the opportunity to learn what voters, including myself, actually think of the privatization of Social Security and abolition of Medicare.
In order to receive proper medical care and comfortable retirement in the future, I need to open an account for my retirement and insurance savings. That way, I can be more certain about the quality of those two aspects. This is something a lot of people tend to consider when it is either too late or they are less than a decade away from retiring from their jobs.
There are also some risks that need to be considered. The stock market is very unstable, and it may either crash or rise at any given moment. Private health insurance is also something to think about more thoroughly. My decisions regarding retirement and medical care are not certain, for I am yet to do some research about it.
Reference
Geyman, J. (2021). Privatized Medicare Advantage for All: The Latest Assault on US Healthcare. International Journal of Health Services, 52 (1), 141-145.