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Costs $225k for the retiree? I guess this will make people start to save so they can pay their medical bills. Or people will continue not to save and hope that someone will pass a law that FORCES someone else will pay for their bills... I wonder which way its going to go...
A lot of US citizens will have to start learning Spanish and retire in Latin American countries while younger Latin Americans come to the US to fill jobs that offer no health care benefits.
By hook or by crook - regardless of legislation and promises of universal health care, the fountain of youth, and the perpetual motion machine - competition will, by nature, come to "health care", by hook or by crook, the real economic costs of any undertaking, human or otherwise, by nature, kick you in the vital organs.
Medicare, which does a pretty good job of covering my own medical expenses, should be sufficient for most people. It is unfortunate that much of the money being "contributed" (deducted from your pay) is going to pay for war and tax cuts financed by borrowing from Social Security and Medicare, and record deficits.
But the moral obligation is still there for those who are paying into that fund today.
My Medicare insurance costs did go up this year, to $96.40 a month, plus a co-pay of 20% and a $135 deductible.
It is not the end of the world if you do not have a quarter million dollars stashed somewhere for medical care. Medicare works pretty good.
Medicare, which does a pretty good job of covering my own medical expenses, should be sufficient for most people. It is unfortunate that much of the money being "contributed" (deducted from your pay) is going to pay for war and tax cuts financed by borrowing from Social Security and Medicare, and record deficits.
If you look at the US budget the number one expense is Medicare, then Social Security, then interest on the debt, and then the military. Expenditures after that are scattered over dozens of categories.
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