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Old 04-25-2016, 02:56 PM
 
33,016 posts, read 27,311,674 times
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Quote:
Originally Posted by BugsyPal View Post
Again, Medicare is what you pay into via FICA payroll taxes. Medicaid is for the indigent and a few others paid for out of federal government general revenue split evenly with states.


Anyone poor enough to qualify can get Medicaid, only those who have paid the qualifying number of quarters can get Medicare.


It is however possible to draw both; persons who are on Medicaid reach qualifying age and if they do have enough quarters receive Medicare. Seniors who are indigent even with Medicare can also apply for Medicaid.

Only in SOME states.
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Old 04-25-2016, 08:09 PM
 
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Of course you can turn the argument on its head. Those in poorer health, whether by choice or chance, are less likely to earn good money. Or miss years of work due to health issues.
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Old 04-26-2016, 10:57 AM
 
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Quote:
Originally Posted by BugsyPal View Post
From a WSJ blog entry by Josh Zumbrun. If the link does not work "Google" the article as it is live still.




"A growing body of research in recent years points to the striking fact that wealthier people are living significantly longer than less wealthy people, and the gap appears to be widening. Just this week, a study led by Stanford University economist Raj Chetty, showed that life expectancy differed for the top 1% and bottom 1% of the income distribution by 15 years for men and by 10 years for women."




How the Life-Expectancy Gap for Rich and Poor Skews Social Security - Real Time Economics - WSJ
I can skew things, but the overall impact IMO will be low.

The rich pay back more in tax even while receiving SS. Silly but it's true.
The are far more poor than rich.
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