U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-04-2011, 08:25 PM
 
48,516 posts, read 83,943,432 times
Reputation: 18050

Advertisements

I thnik you will find that the actaul csost to medicare is much less actaully. But then the same can be said of empooyer insurnace4 but at a much greater cost regardless od the age.One has to remmeebr that in standard medicare the patient then assumes 20% of the cost medicare does not pay. Its more a overall cost of such treatment for everyone. We are about to in 2014 take o alot more cost than medciare witht eh enw ehalthcare bill. 15 millio will beadded to the medicaid roles like it or not.In 2017 except for nebraska states will assume a protion of that additional cost. Nelsen(D) said it would bankrupt his states i askig for and getting the exemption for his state.
Reply With Quote Quick reply to this message

 
Old 09-04-2011, 09:10 PM
 
Location: Baltimore, MD
3,745 posts, read 4,218,356 times
Reputation: 6866
Both Social Security and Medicare will be modified. Everyone can bellyache all they want, but it doesn't change the fact that both of the programs are unsustainable, as is.

For those who remain interested in following the various proposals (and provisions) regarding Soc. Sec., bookmark this link:

Office of the Chief Actuary, SSA

I will search for a similar link to Medicare proposals.
Reply With Quote Quick reply to this message
 
Old 09-05-2011, 04:59 AM
 
Location: State of Being
35,885 posts, read 67,172,097 times
Reputation: 22373
Quote:
Originally Posted by lenora View Post
Both Social Security and Medicare will be modified. Everyone can bellyache all they want, but it doesn't change the fact that both of the programs are unsustainable, as is.

For those who remain interested in following the various proposals (and provisions) regarding Soc. Sec., bookmark this link:

Office of the Chief Actuary, SSA

I will search for a similar link to Medicare proposals.
TY for that link, Lenora.

The changes to Medicare started this past year and have affected physician reimbursement already - and will continue to affect reimbursesment as we go forward.

Personally, I think that some of the cutbacks are reasonable and even necessary, even tho they will certainly affect me in the future, lol.
Reply With Quote Quick reply to this message
 
Old 09-05-2011, 07:45 AM
 
Location: Baltimore, MD
3,745 posts, read 4,218,356 times
Reputation: 6866
Quote:
Originally Posted by montanamom View Post
In my town, the people with the nicest houses, cars, and lifestlyes are the affluent elderly. Yes, they worked hard for it, most of them anyway, during the years in this country when dedicated, long-term hard working employees were seen as assets to a company, and rewarded with nice pensions and retirement packages. Things also cost a lot less then, and they were able to save for the future. There are the nicest cars parked in the handicapped parking spots!

The other part of the population in our town that doesn't seem to be a bit concerned about the current state of things, is those on disability checks and welfare. The rest of us are scared to death about how we are going to make in in our "golden years".
So what is your plan? What steps have you taken to ensure you will "make it" in your golden years?
Reply With Quote Quick reply to this message
 
Old 09-05-2011, 10:21 AM
GLS
 
1,985 posts, read 4,847,602 times
Reputation: 2408
Quote:
Originally Posted by Zarathu View Post
......Did you enjoy Buffets offer to pay like everyone else. I don't believe he really meant it. I think he was willing to pay more on what he claims that his company pays him for a salary, which is about 100K a year. But his real income is about 2.5 billion a year. I don't think he was planning on paying what I pay, which would be 11% of 2.5 billion, or more than $250 million a year.
Buffet's hypocrisy and grandstanding can be illustrated by the fact that Berkshire Hathaway owes back taxes and has been fighting to avoid paying them for the years starting in 2002.
Reply With Quote Quick reply to this message
 
Old 09-05-2011, 10:35 AM
GLS
 
1,985 posts, read 4,847,602 times
Reputation: 2408
Quote:
Originally Posted by markg91359 View Post
On its surface this sounds like a reasonable statement. Analyze it a bit and it isn't nearly as reasonable. Most people who are 65 right now will take considerably more out of Medicare and Social Security than they ever put into it. Even if you give them a reasonable rate of interest on the money the math doesn't work.

One way to react to this is to say "By golly the government made me a promise! (although no one has ever shown me the written version of that promise) I don't care if I put in $100,000 in FICA. I want $250,000 in social security benefits. As far as Medicare goes, I don't care if my end-of-life care costs $300,000 and I only paid $75, 000. Give me the care!"

Another way to react to this is to be a mature adult. When it comes to discussing issues of Social Security and Medicare, I've sadly learned there are millions of Seniors who think like a twelve year old child. A responsible adult would realize that 2 + 2 doesn't equal 10. All the whining and complaining in the world isn't going to change that simple fact.......
OK, you have presented a well-reasoned point of view. Just have the government write me a check (on second thought, give me cash) for the $100,000 I put in FICA and another $75,000, and I'll take responsibility for paying my own bills.

......and another thing. You might direct your admonition of Seniors not being "mature adults", toward Congress. Reducing the cacophony of whining for more taxes to squander would save millions in discarded hearing aid batteries.
Reply With Quote Quick reply to this message
 
Old 09-05-2011, 10:50 AM
 
Location: Los Angeles area
14,018 posts, read 17,740,386 times
Reputation: 32304
Quote:
Originally Posted by GLS View Post
OK, you have presented a well-reasoned point of view. Just have the government write me a check (on second thought, give me cash) for the $100,000 I put in FICA and another $75,000, and I'll take responsibility for paying my own bills.
Markg's point of view was well-reasoned (I agree) but yours is not. It would not work as a matter of national policy because while you may indeed be responsible and would pay all your own bills until you die, many people would blow their windfall and then wind up on the public dole, which is exactly what Social Security was designed to prevent in the first place. At least with Social Security, there is something coming in every month. Your proposal of receiving a lump sum has been argued back and forth a number of times in the Retirement Forum.
Reply With Quote Quick reply to this message
 
Old 09-05-2011, 10:51 AM
 
Location: Sierra Vista, AZ
16,133 posts, read 20,826,624 times
Reputation: 8293
Quote:
Originally Posted by GLS View Post
OK, you have presented a well-reasoned point of view. Just have the government write me a check (on second thought, give me cash) for the $100,000 I put in FICA and another $75,000, and I'll take responsibility for paying my own bills.

......and another thing. You might direct your admonition of Seniors not being "mature adults", toward Congress. Reducing the cacophony of whining for more taxes to squander would save millions in discarded hearing aid batteries.
No check, we're broke, sorry
Reply With Quote Quick reply to this message
 
Old 09-05-2011, 11:07 AM
 
Location: Los Angeles area
14,018 posts, read 17,740,386 times
Reputation: 32304
Quote:
Originally Posted by lenora View Post
According to the social security actuarial office, it depends. Eliminating eligibility for early retirement would be insufficient without a concurrent increase in the normal retirement age. Nevertheless, I found another study that pointed out the increase in award for disability benefits (that would flow from the elimination of eligibility for early retirement) would also increase the number of persons eligible for Medicare (who would otherwise not be eligible until they reached age 65).
Thanks for that information. The financial consequences of raising the retirement ages (both "early" and "normal") are more complex than I had realized.
Reply With Quote Quick reply to this message
 
Old 09-05-2011, 12:00 PM
GLS
 
1,985 posts, read 4,847,602 times
Reputation: 2408
Quote:
Originally Posted by Escort Rider View Post
Markg's point of view was well-reasoned (I agree) but yours is not. It would not work as a matter of national policy because while you may indeed be responsible and would pay all your own bills until you die, many people would blow their windfall and then wind up on the public dole, which is exactly what Social Security was designed to prevent in the first place. At least with Social Security, there is something coming in every month. Your proposal of receiving a lump sum has been argued back and forth a number of times in the Retirement Forum.
My reasoning is based upon a core belief that people have a right of choice that supercedes the government's right to choose for them. I would rather take a chance that a small number of people would be irresponsible and "blow their windfall" than live with the widespread and proven irresponsibility of our politicians. Also, the number of people tempted to "blow their windfall" would be greatly reduced if it were clear that there would not be a government "safety net" (tit) to guarantee immunity from stupidity and irresponsibility.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top