social insurance

noun

Definition of social insurance

: protection of the individual against economic hazards (such as unemployment, old age, or disability) in which the government participates or enforces the participation of employers and affected individuals

Examples of social insurance in a Sentence

Recent Examples on the Web

His problem with the Sanders/Warren Medicare for All proposals seema to be a) replacing commercial insurance with social insurance is undesirable, and b) reimbursements for hospitals and doctors would be substandard. Letter Writers, Twin Cities, "Letters: This Minnesota rule discriminates against women," 16 Aug. 2019 Capital One’s press release also claims that 140,000 US Social Security numbers, 80,000 bank account numbers, and 1 million Canadian social insurance numbers were also compromised. Ashley Carman, The Verge, "The New York Attorney General’s Office will investigate the Capital One data breach," 30 July 2019 About 1 million social insurance numbers of the company’s Canadian credit card customers were also compromised. Reuters, The Mercury News, "Capital One: Hacker got info on 100 million in the US, 6 million in Canada," 29 July 2019 Most come down to a choice between some form of social insurance, as in Japan and Germany, or getting more people to pay for care themselves. The Economist, "Theresa May’s lacklustre plan for the NHS," 21 June 2018 As this year’s topic, the students were tasked with analyzing the sustainability of a long-term care social insurance system. Erika Rose, Post-Tribune, "IU Northwest actuarial science students reach finals in international competition," 7 June 2018 In his perfect world, Republicans would run on tax cuts, carry out deep cuts to social insurance programs, and everyone in America would be devouring editorials from The Wall Street Journal. Jonathan Chait, Daily Intelligencer, "Fanatic, Fraud, Factotum: The Rise and Fall of Paul Ryan," 11 Apr. 2018 After the income tax, the most important revenue raisers are for social insurance, such as Social Security and Medicare. Laura Saunders, WSJ, "Top 20% of Americans Will Pay 87% of Income Tax," 6 Apr. 2018 Capital One’s press release also claims that 140,000 US Social Security numbers, 80,000 bank account numbers, and 1 million Canadian social insurance numbers were also compromised. Ashley Carman, The Verge, "The New York Attorney General’s Office will investigate the Capital One data breach," 30 July 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'social insurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

See More

First Known Use of social insurance

1890, in the meaning defined above

Keep scrolling for more

Keep scrolling for more

More Definitions for social insurance

social insurance

noun

Legal Definition of social insurance

: insurance of the individual against certain hazards (as unemployment, old age, and disability) that is undertaken, facilitated, or enforced by government