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Why should those that are younger care about Medicare recipients when Medicare recipients don't care about the younger generation?
Medicare recipients call anyone that supports ACA/Obamacare losers, thieves, "takers", you name it. Yet those same Medicare recipients had no trouble accepting the huge Medicare Part D giveaway boondoggle. They loved that giveaway.
If the younger generation, who is paying the highest health care rates in US history, need to end "socialism", Medicare should end too. And Medicare Part D should end immediately.
If government health care is bad, it's bad. If socialism is evil, let's end it. If the ACA is taking money out of your neighbors wallet, then Medicare recipients need to stop taking money out of the younger generation's wallet.
Oh, please, sonny, cry me a river. When your generation gives back to this country one fifth of what the greatest generation did, then you have room to talk.
Bring this up to your parents and grandparents and see how much they pat your little entitled back for your great and compasisonate idea.
Congratulations, you've earned my ignore list. Enjoy, I know I will.
Oh, please, sonny, cry me a river. When your generation gives back to this country one fifth of what the greatest generation did, then you have room to talk.
Bring this up to your parents and grandparents and see how much they pat your little entitled back for your great and compasisonate idea.
Congratulations, you've earned my ignore list. Enjoy, I know I will.
Sonny? You need to stop fluffing your own skirts. You have no compassion for those you expect to pay for you but you get angry at the thought of that big windfall ending. You are a total socialist if the benefits are coming to you. Tell me, what did you do to earn Medicare Part D?
Invest is not a magical word. I already doubled the amount of the contribution, remember, the employer paid half of that. Let's double it again to $90,000. That would not pay for one heart operation.
You don't understand the time value of money.
Quote:
"...starting to invest for retirement as soon as you finish school and begin earning income is a brilliant financial move. The reason is a magical little thing called compounding. It's what happens when your interest keeps earning interest, year after year.
If you start early, the effects of compounding can be huge. For example, suppose you start setting aside $1,000 a year (about $19 a week) when you're 25. You put it in a retirement account earning 8% a year. Even if you stop investing completely when you turn 35 - that is, you've invested for only 10 years - your total investment will have grown to nearly $169,000 by the time you turn 65 and are ready to retire. That's right: A $10,000 investment turns into $169,000. "
You want to talk about education? Calculate the amount the average Medicare recipient contributed and compare it to the coverage they are receiving over 25 to 30 years. The math doesn't work. They absolutely need the younger generation to pay for them. Yet they are calling the younger generation thieves and takers while they take the money out of the pockets of the same younger generation.
Since you are educated you do know medicare isn't free, right?
I pay $104.90 every month for Part B coverage plus $155.00 for my medigap insurance plus $30.00 for my Part D for a total of $290.00 which I pay every month for my free medicare.
My wife pays about the same so together we pay nearly $600 for the free medicare for $7,200 a year for both of us.
Of course we paid in over our lifetimes as well.
Being educated and all I know you already know all this but I don't want someone thinking medicare was free.
Initial Medicare recipients paid nothing to receive their benefits. Only now have they been collecting Medicare payments for 50 years. And the amount contributed by Medicare recipients is only 1.45%. So let's base that on a $30,000 salary all the way back to 1965 (even though we know you didn't make $30,000 in 1965). That totals less than $25,000 over 50 years. Yet Medicare recipients will receive health coverage for the rest of their lives after 1965.
Let's give you that money back and you go pay for a plan. No one is stealing your money. You just didn't pay very much at all.
And you paid ZERO for Medicare Part D.
ACA participants may qualify for subsidies but they choose a plan and pay for the plan. If they aren't on Medicaid, their coverage ends when they stop paying.
Medicare recipients are depending on the younger generation to pay 20-30 years of coverage for them.
Get back to us with this brilliant plan when you're 70.
Well of course you don't like it. But it does make fiscal sense. Young people don't like the Republican plans to eliminate Medicare and Social Security for them either. They don't like it that the old people have voted in politicians who give tax cuts over education, raising tuiton and leaving them 10s of thousand in debt when they finish school either. We have to cut somewhere to balance the budget and then put the money where it gets the best return. Young people have economic value. Old people have none. The answer seems obvious.
Since you are educated you do know medicare isn't free, right?
I pay $104.90 every month for Part B coverage plus $155.00 for my medigap insurance plus $30.00 for my Part D for a total of $290.00 which I pay every month for my free medicare.
My wife pays about the same so together we pay nearly $600 for the free medicare for $7,200 a year for both of us.
Of course we paid in over our lifetimes as well.
Being educated and all I know you already know all this but I don't want someone thinking medicare was free.
Do you have any idea how much the average person would like to pay such a small amount for their health coverage?
And how much do you think you contributed over your lifetime?
And $30. for Medicare Part D? The average Medicare recipient takes far more than $30. per month in medication and they paid no contributions in their lifetime for Medicare Part D. That could and should end immediately.
You likely contributed $25,000 or less over the course of your working life. So really, your $7200 for Medicare coverage is nothing compared to what the younger generation will have to supplement if you need to get a heart bypass or cancer treatment. One hospital stay and your entire contribution is overshadowed by the debt you created for those still working.
If you say, "where's the compassion?", I'm going to say, yes, where is it? I've watched Medicare recipients shake their fists at Fox News for six years as they demonize those who ask for some sort of health care reform, some sort of plan to help those who need health coverage. Medicare recipients call those people losers, takers, thieves, socialists, you name it, yet those same Medicare recipients have their hands deep in the worker's wallet. And Medicare Part D coverage was certainly not refused by Medicare recipients based on their high principles. They loved that socialism.
Initial Medicare recipients paid nothing to receive their benefits. Only now have they been collecting Medicare payments for 50 years. And the amount contributed by Medicare recipients is only 1.45%. So let's base that on a $30,000 salary all the way back to 1965 (even though we know you didn't make $30,000 in 1965). That totals less than $25,000 over 50 years. Yet Medicare recipients will receive health coverage for the rest of their lives after 1965.
Let's give you that money back and you go pay for a plan. No one is stealing your money. You just didn't pay very much at all.
And you paid ZERO for Medicare Part D.
ACA participants may qualify for subsidies but they choose a plan and pay for the plan. If they aren't on Medicaid, their coverage ends when they stop paying.
Medicare recipients are depending on the younger generation to pay 20-30 years of coverage for them.
So there are some medicare recipients out there who are 115 years old? Thanks. You gave me my "CD laugh of the day"!
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