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House Republicans are proposing to cut $5.5 trillion in U.S. government spending and balance the budget in nine years by cutting Medicaid and food stamps and partially privatizing Medicare.
And don't forget, a lot of Medicaid, most of it even, goes to seniors.
Most of it? No. Have you forgotten that nearly half of all U.S. births are paid for by Medicaid? And then those babies/children/mothers remain on Medicaid.
Doesn't matter, looks like Republicans are working on privatizing anyway. Medicare could be very different by the time you do retire:
House Republicans released a 2016 spending blueprint Tuesday that fulfills the GOP goal of balancing the budget within 10 years, but only by slashing Medicare and other safety net programs, while dramatically boosting military spending.
The annual budget, at $3.8 trillion this year, revisits the GOP's past ideas for shrinking government -- including its signature proposal for overhauling Medicare with a voucher-like private insurance option.
You'd have to read this whole thread. My position is seniors have paid very little into Medicare (like seriously little, like $25,000 little, even over 50 years) and are collecting these massive Medicare benefits, which those that are younger have to supplement. Sounds good in theory except they also are the biggest opponents to the ACA/Obamacare. Their position is ACA participants are "takers" but they deserve it.
Now Republicans are going after Medicare. Since seniors typically vote Republican, I consider this sweet justice.
Did I say 50%? If so, my error. That particular article says two out of three are elderly or disabled. So..what if it's 40%? Doesn't matter, seniors are big Medicaid users.
You'd have to read this whole thread. My position is seniors have paid very little into Medicare (like seriously little, like $25,000 little, even over 50 years) and are collecting these massive Medicare benefits, which those that are younger have to supplement. Sounds good in theory except they also are the biggest opponents to the ACA/Obamacare. Their position is ACA participants are "takers" but they deserve it.
Now Republicans are going after Medicare. Since seniors typically vote Republican, I consider this sweet justice.
Too many pages!! <LOL>
Medicare by its very nature will always be a serious subsidy for the aged. Assuming we remain a liberal and caring society.
And the reason has to do with the drastically accelerating HC needs and costs as one ages.
So we will all eventually need help and partake of the largesse.
Future HC costs will be enormous no matter what path we take moving forward. And any way you cut it, there will have to be huge central subsidies, including new money creation to help fund the monster. So not all moneys will have to come directly from the young and healthy.
I would recommend that you just ignore the 'Keep your Gov't hands off my Medicare!' crowd. Confusion and cognitive dissonance runs high there.
Did I say 50%? If so, my error. That particular article says two out of three are elderly or disabled. So..what if it's 40%? Doesn't matter, seniors are big Medicaid users.
No.
Quote:
Adults with annual family incomes of less than $30,000 are about three times as likely as those earning $100,000 or more to have received help from Social Security or Medicare.
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Medicare could be very different by the time you do retire:
