Final answer:
Supplemental Medical Insurance, Medicaid, and U.S. Armed Services and Veterans Insurance are examples of public insurance designed to provide healthcare coverage to different population groups without focusing on profitability. The correct option is C. Social insurance.
Step-by-step explanation:
Supplemental Medical Insurance, Medicaid, and U.S. Armed Services and Veterans Insurance are examples of public insurance. These programs are government-funded and designed to provide health coverage for various segments of the population. For instance, Medicaid offers health care to individuals with low incomes. In contrast, the Medicare program addresses health insurance needs for those over 65. Lastly, specific government-funded health-care programs target military veterans, offering them added benefits due to their service.
Public insurance systems such as Medicaid and Medicare cannot directly be compared to private insurance because they operate on different principles. Where private insurance depends on the profitability of premiums, public insurance programs focus on providing affordable access to healthcare to qualifying individuals without concern for profit margins.
Medicare differs from Medicaid in that it is specifically designed for the elderly, often seen as impractical for private insurers due to the high healthcare costs associated with this demographic. Medicaid, on the other hand, is a collaborative effort between the federal and state governments to aid those below a certain income threshold. U.S. Armed Services and Veterans Insurance, alternatively, is a type of public insurance extended as a benefit for service to military personnel.