The public has lost faith in the ability of Social Security and Medicare to provide for old age. They've lost faith in the banking system and in conventional medical insurance.

Summary

This quote highlights the diminishing trust that the public has in various systems meant to provide security and support in old age. Social Security and Medicare, traditionally relied upon for retirement benefits and healthcare, are losing credibility. Similarly, the banking system and conventional medical insurance are also seen as untrustworthy. The public's loss of faith suggests a growing skepticism towards these institutions' ability to fulfill their intended purposes, possibly stemming from concerns about their financial viability, effectiveness, or transparency.

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