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Medicare for the elderly and the public retirement plan

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Privatization occurs when the government assigns one of their primary responsibilities to a privately owned "for-profit" or "non-profit" firm. Our federal government regulates many things such as K-12 education, public colleges and universities, tax collection efforts, the ports, the highways, the Federal Bureau of Investigation, the Food & Drug Administration, the VA hospital system, Medicare for the elderly and the public retirement plan known as Social Security.

Reference no: EM132492608

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