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Look the US Senate is trying to compromise on the health bill. But they are just idiots.
Not only are they going to bankrupt Medicare by expanding it to age 55 year old for those without insurance but as a consequence they will accelerate the bankruptcy of the SSN program.
Think about this:
The reason most Americans don't retire and take early SSN benefits at age 62 is that they don't qualify for medicare until age 65.
Now the proposal in the US Senate will allow people as young as 55 without insurance to be enrolled in the medicare program. This will add a tremendous amount of pressure on the funding of medicare. How exactly are they going to pay for that?
That's issue number 1.
But the consequence of issue 1 is that they will also create major issue number 2. That is more and more people will be enticed to take early retirement at age 62 to start collecting SSN. Sure the payments will be reduced but one of the main reasons for delaying SSN until 65 (67 for younger workers) is that they don't qualify for medicare.
So you bankrupt Medicare PLUS you bankrupt SSN.
And yes, I know some disabled people qualify for medicare at much younger ages but that population won't open the floodgates as much as lower medicare eligibility.
What makes you think they will retire at 55? There will probably be many that opt for Medicare ins. as opposed to higher price of private ins. thru their company. The company will be happy to not have to provide ins. for these elder workers, which may result in increasing their ability to hire more people. The trigger option also talked about is nothing new, and most thought that was the way they were going to go for quite a while. The Public Option is a hard thing to get thru with all the Repubs and Ins. Cos. fighting so hard against it. But down the road, there is little doubt the trigger will be pulled, unless, of course, you believe the Ins. Cos. will all of a sudden switch their objective to you as opposed to themselves. Health Ins. cannot survive as a for profit business.
Look the US Senate is trying to compromise on the health bill. But they are just idiots.
Not only are they going to bankrupt Medicare by expanding it to age 55 year old for those without insurance but as a consequence they will accelerate the bankruptcy of the SSN program.
Think about this:
The reason most Americans don't retire and take early SSN benefits at age 62 is that they don't qualify for medicare until age 65.
Now the proposal in the US Senate will allow people as young as 55 without insurance to be enrolled in the medicare program. This will add a tremendous amount of pressure on the funding of medicare. How exactly are they going to pay for that?
That's issue number 1.
But the consequence of issue 1 is that they will also create major issue number 2. That is more and more people will be enticed to take early retirement at age 62 to start collecting SSN. Sure the payments will be reduced but one of the main reasons for delaying SSN until 65 (67 for younger workers) is that they don't qualify for medicare.
So you bankrupt Medicare PLUS you bankrupt SSN.
And yes, I know some disabled people qualify for medicare at much younger ages but that population won't open the floodgates as much as lower medicare eligibility.
"The reason most Americans don't retire and take early SSN benefits at age 62 is that they don't qualify for medicare until age 65."
Huh? I don't see any relationship between those two things. Are you saying people don't retire at 62 because they wouldn't get medicare?
Sorry. That just doesn't make sense to me. Seems like if people wanted to retire at 62, they'd just go ahead and retire.
The reason I mention age 62 is that's the age where you can start taking SSN benefits (at reduced benefits).
The only reason people continue working is because if they leave their jobs, their health care premiums will go through the roof with the employer paying up to 75% of the healthcare subsidy.
Think about it.
You can pay up upwards to $1000 a month per person for private health premiums if you don't qualify for medicare (at advance ages like 60 plus, especially if you have other medical conditions.. Medicare will not cost people that much. It's a basic math equation. Most of medicare premiums is subsidized by the the US taxpayers. I do know how medicare works since I am in the medical profession. The reimbursements are much worse for heath care professionals for medicare as opposed to private insurance but that's for another subject.
You just watch, more people will take early retirement at age 62 since they have medicare to fall back on for health insurance.
"The reason most Americans don't retire and take early SSN benefits at age 62 is that they don't qualify for medicare until age 65."
Huh? I don't see any relationship between those two things. Are you saying people don't retire at 62 because they wouldn't get medicare?
Sorry. That just doesn't make sense to me. Seems like if people wanted to retire at 62, they'd just go ahead and retire.
The issue is about simple math.
It's like those single mothers on welfare. It makes more sense for them to stay on welfare instead of working for $25K a year because they figure they can get more in benefits by not working and staying at home on government assistance.
Already record numbers of people are taking early retirements (either they've been laid off) or just want to retire early. But one of the main reasons for delaying retirement is because of non-eligiblity for health care subsidies (IE medicare).
Most people who take early SSN benefits have a working spouse with health insurance that the early retiree can go under.
Look the US Senate is trying to compromise on the health bill. But they are just idiots.
Not only are they going to bankrupt Medicare by expanding it to age 55 year old for those without insurance but as a consequence they will accelerate the bankruptcy of the SSN program.
Think about this:
The reason most Americans don't retire and take early SSN benefits at age 62 is that they don't qualify for medicare until age 65.
Now the proposal in the US Senate will allow people as young as 55 without insurance to be enrolled in the medicare program. This will add a tremendous amount of pressure on the funding of medicare. How exactly are they going to pay for that?
That's issue number 1.
But the consequence of issue 1 is that they will also create major issue number 2. That is more and more people will be enticed to take early retirement at age 62 to start collecting SSN. Sure the payments will be reduced but one of the main reasons for delaying SSN until 65 (67 for younger workers) is that they don't qualify for medicare.
So you bankrupt Medicare PLUS you bankrupt SSN.
And yes, I know some disabled people qualify for medicare at much younger ages but that population won't open the floodgates as much as lower medicare eligibility.
Whats amazing is more and more doctors are no longer accepting medicare but they want to put more people on it
While its already over budget, broke, and already denies more treatment. While they wanna cut funds from it
The other issue to look at is that medicare and medicaid payments to health care providers are significantly lower than those from private insurance or direct pay. They are lower than the COST of the services provided. So in order to cover these losses, payments from private insurance or direct pay will have to increase even further to subsidise the government program. So expect those that aren't collecting from the government to pay even higher rates.
Look the US Senate is trying to compromise on the health bill. But they are just idiots.
Not only are they going to bankrupt Medicare by expanding it to age 55 year old for those without insurance but as a consequence they will accelerate the bankruptcy of the SSN program.
Think about this:
The reason most Americans don't retire and take early SSN benefits at age 62 is that they don't qualify for medicare until age 65.
Now the proposal in the US Senate will allow people as young as 55 without insurance to be enrolled in the medicare program. This will add a tremendous amount of pressure on the funding of medicare. How exactly are they going to pay for that?
That's issue number 1.
But the consequence of issue 1 is that they will also create major issue number 2. That is more and more people will be enticed to take early retirement at age 62 to start collecting SSN. Sure the payments will be reduced but one of the main reasons for delaying SSN until 65 (67 for younger workers) is that they don't qualify for medicare.
So you bankrupt Medicare PLUS you bankrupt SSN.
And yes, I know some disabled people qualify for medicare at much younger ages but that population won't open the floodgates as much as lower medicare eligibility.
I think the arguments, subjects, and title of the thread are mute points. I don't think the OP is accurate in what they're talking about.
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