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Old Yesterday, 06:48 PM
Status: "Put the Wet Stuff on the Red stuff" (set 18 days ago)
 
Location: USA
1,459 posts, read 469,978 times
Reputation: 1257

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Scary.

I hope the solution is found before they reduce any benefits.

Make this part if your dialogue with anyone coming up for election from this day to forever


https://nypost.com/2019/08/06/medica...-for-retirees/
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Old Yesterday, 06:51 PM
 
890 posts, read 200,030 times
Reputation: 1779
Hopefully all the refugees moving here will get high paying jobs and contribute to social security and medicare coffers. Even Japan is allowing non Japanese immigrants for that very reason.

Japan needs immigrants, but do immigrants need Japan?
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Old Yesterday, 06:58 PM
 
2,134 posts, read 900,473 times
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The New York Post is on par with the National Enquirer. No one is planning to reduce benefits.
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Old Yesterday, 07:04 PM
 
Location: North Carolina
2,967 posts, read 2,055,629 times
Reputation: 5968
Quote:
Originally Posted by bobspez View Post
The New York Post is on par with the National Enquirer. No one is planning to reduce benefits.
Do you think this will be the case for people under 50 who are now paying into the system?
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Old Yesterday, 07:17 PM
 
2,134 posts, read 900,473 times
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Quote:
Originally Posted by Jowel View Post
Do you think this will be the case for people under 50 who are now paying into the system?
I don't know what will happen in 15 or more years. I don't think anyone does. Imagine those who lived in Europe, Japan, China and Russia in 1935. Could they have known what their lives would be like in 1950?
What I do believe is prices keep going up so be prepared to pay more in the future for things that cost less today. Who could have predicted 40 years ago that we would be paying for television and bottled water? Maybe in 40 years people will be paying for clean air.
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Old Yesterday, 07:44 PM
 
Location: SoCal
13,679 posts, read 6,508,193 times
Reputation: 10217
I think they won’t be reduced but Medicare Advantage is one way to reduce the load. But Medicare for all would definitely bankrupt the system, if Medicare for over 65 is already in trouble.
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Old Yesterday, 08:07 PM
 
29,960 posts, read 35,024,014 times
Reputation: 11855
As with SS a simple approach is to increase the premium to the price point where it works. Problem is many Americans don't want to pay for someone else.

With wealth not income concentrated in the hands of so few ( top 30%) asking them to pay so much more than they currently do is probably not achievable.
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Old Yesterday, 08:23 PM
 
Location: Cebu, Philippines
4,580 posts, read 1,757,185 times
Reputation: 8454
Is this the 1968 thread, or did somebody start a new one?
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Old Yesterday, 08:25 PM
 
Location: SoCal
13,679 posts, read 6,508,193 times
Reputation: 10217
Quote:
Originally Posted by TuborgP View Post
As with SS a simple approach is to increase the premium to the price point where it works. Problem is many Americans don't want to pay for someone else.

With wealth not income concentrated in the hands of so few ( top 30%) asking them to pay so much more than they currently do is probably not achievable.
You are getting political. It’s the poor who dont want to pay more, they have nothing, Medicare is important to them. Have you seen all those premiums for part B to F.
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Old Yesterday, 08:48 PM
 
1,760 posts, read 617,962 times
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Quote:
Originally Posted by NewbieHere View Post
Y Have you seen all those premiums for part B to F.
There is no "Part F" in Medicare. Actual traditional Medicare consists of only two "parts": Part A (hospitalization coverage)and Part B (what used to be called Major Medical coverage back in the day.)

The so-called Part D (prescription drug coverage) is mandatory but must be obtained from private insurers which are completely separate entities from Medicare itself. The government has nothing to do with Part D except for the fact that Medicare (CMS) mandates that everyone have some sort of drug coverage. How much is up to you. How much it costs is up to the private insurers who sell those policies.

You seem to be confusing the PLANS A through F that are offered by Medicare SUPPLEMENT carriers (so-called Medigap) with the PARTS of actual Medicare. Supplement plans are private insurance plans, totally optional and have nothing to do with Medicare premiums. Premiums for Medigap plans are set by the private insurers operating within the various rules of the states they sell in. They are not set or influenced by Medicare or CMS.

Medicare premiums have no effect on Medicare Supplement Plan (A-F) premiums, or vice versa. Apples vs oranges there. Supplement polices only interact with Medicare when claims are involved. NOT premiums.

Nobody is required to buy a Medicare Supplement plan. It is private insurance just like auto and home insurance is. It is a for-profit industry and always will be. Anyone who thinks that private insurance coverage premiums (of any type) will EVER come down in any meaningful way is just kidding themselves.

Drug coverage (Part D) is required but those premiums are not affected by Medicare premiums either. Blame the private insurers in both those cases but don't blame Medicare (unless you want to blame CMS for requiring Part D in the first place -- which I do, by the way, but that's another question entirely. I do not think drug coverage should be mandatory. It should be an optional additional coverage just like the Supplement plans are.)

Last edited by BBCjunkie; Yesterday at 09:04 PM..
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