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Economic Inequality In Health And Social Care

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The Grand Challenges of Social Work initiative, launched by the American Academy of Social Work and Social Welfare, outlines ambitious yet achievable goals to address some of the most pressing social problems facing the United States today. One such challenge is Reducing Extreme Economic Inequality, an issue that has profound implications for both individuals and communities. Economic inequality refers to the uneven distribution of income and wealth within a population, and extreme inequality often leads to disparities in access to essential resources such as healthcare, education, and housing. In this reflection, I will explore how the challenge of reducing extreme economic inequality intersects with social welfare policy, analyze existing …show more content…
These policies are designed to reduce poverty, provide healthcare, and promote equal opportunities. Some of the most significant policies in place that aim to reduce economic inequality include: The Earned Income Tax Credit, The Supplemental Nutrition Assistance Program, and the Affordable Care Act. The Earned Income Tax Credit (EITC) is a refundable tax credit for low-to moderate-income workers, especially those with children. It is one of the most effective tools in reducing poverty, particularly for working families, by supplementing their income and encouraging employment. According to research from the Center on Budget and Policy Priorities, the EITC lifted about 5.6 million people out of poverty in 2020, including 3 million children (CBPP, 2021). The Supplemental Nutrition Assistance Program (SNAP) is the largest federal nutrition assistance program, designed to alleviate food insecurity by providing low-income individuals and families with funds to purchase food. It directly reduces economic inequality by ensuring access to basic necessities. Research from the U.S. Department of Agriculture (USDA) shows that SNAP lifted 2.8 million people out of poverty in 2019 and reduced child poverty by 13.2% (USDA, 2020). Healthcare is a critical aspect of economic inequality, as the lack of access to affordable healthcare can push families into poverty. The Affordable Care Act (ACA) expanded Medicaid and provided subsidies to help low-income individuals afford health insurance, reducing financial barriers to healthcare. Research suggests that the ACA helped reduce the uninsured rate from 16% to 9.2% between 2010 and 2019, significantly improving healthcare access for low-income Americans (KFF,

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