The market mechanism might leave some people with too little income and others with too much. The government uses taxes and transfers to redistribute income more fairly.
Program Recipient Group Number of Recipients Value of Transfers
Social Security Retired and disabled workers 67 millions $1,002 billion
Medicare Individuals over age 65 59 millions $ 620 billion
Medicaid Medically needy individuals 75 millions $ 400 billion
Unemployment Compensation Unemployed workers 6 millions $ 30 billion
Calculate the average benefit a recipient of Medicaid receives. Instructions: Round your response to the nearest dollar. $ 1500
