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Good. Medicare as it was designed was when there were fewer medical treatments available and people didn't live as long. Now seniors want every kind of available treatment (who wouldn't?) and taxpayers are funding it. So while seniors among others are protesting any kind of broad health care coverage as socialism, I'm glad you don't want, nor expect Medicare coverage yourself. We can phase out Medicare by simply providing the amount of coverage the beneficiary paid in plus interest. Once they've spent their contribution, they can go buy their own insurance policy based on their individual needs.
Just think about it a minute. We could go back to the old ways. When your parents get too old to work and pay for their own healthcare they could just be expected to move back and live with their next of kin with the children footing all their bills. So there goes the kids budget, their savings, investments etc. And then if you are like my sister and you end up in expensive nursing homes and your millions disappear in the cost of care and hospital trips; I guess because she had no kids, her brothers and sisters, aunts or uncles, have to start footing the bills for her......oh, wait there goes your savings etc for when you are too old to work and start falling apart, too. It is a vicious circle out there. What goes around comes around.
And I just bet you that Marjami will be right there with all the rest of the seniors applying for both medicare and social security when the time comes.....why not? With his vast salary he has paid in an awful lot for his future SS and medicare. Is he going to just let it go to some poor person who needs it more? His posts say NOT!
Lets see now....you have not been able to retire at 65 and get full benefits for a few years now, so hasn't the age gone up and isn't it already higher for all you young people? Just checked.....67 is the retirement if born in 1970 and 68 if after 1970 but as more people live longer that will go up again, too. Medicare is still available at 65, but if more people continue to work that will probably go up.
These are not entitlements though. We all pay into SS and pay the medicare tax.
These are absolutely entitlements!
In fact, today’s typical Medicare beneficiary will have paid into the system just 13% to 41% of his or her expected Medicare consumption. The rest is funded by payroll taxes paid by today’s working Americans.
- Few seniors have actually paid for their Medicare benefits. According to an Urban Institute estimate, the typical retired couple paid $122,000 in lifetime Medicare taxes but can expect to receive benefits worth $387,000. Social Security is another story. There, the average retired couple paid $600,000 in lifetime taxes for $579,000 in benefits. Put together, it's $722,000 in taxes for $966,000 in benefits. (All figures are adjusted for inflation.)
Reality is that promises to Medicare recipients vastly exceed the payroll taxes to be collected from those receiving them to the tune of $105 trillion!
As the data show, the problem is growing larger with each new cohort of seniors. The net benefit to seniors who retire in 2020 is roughly double the amount received by seniors who retired three decades before.
According to the institute’s data, a two-earner couple receiving an average wage — $44,600 per spouse in 2012 dollars — and turning 65 in 2010 would have paid $722,000 into Social Security and Medicare and can be expected to take out $966,000 in benefits. So, this couple will be paid about one-third more in benefits than they paid in taxes.
It’s true that workers fork over Social Security and Medicare taxes every payday. But under current law, over their lifetimes most Americans will get back substantially more from these programs then they’ve paid in, even after accounting for inflation and adjusting for interest you might have earned if you’d kept the money.
Just think about it a minute. We could go back to the old ways. When your parents get too old to work and pay for their own healthcare they could just be expected to move back and live with their next of kin with the children footing all their bills. So there goes the kids budget, their savings, investments etc. And then if you are like my sister and you end up in expensive nursing homes and your millions disappear in the cost of care and hospital trips; I guess because she had no kids, her brothers and sisters, aunts or uncles, have to start footing the bills for her......oh, wait there goes your savings etc for when you are too old to work and start falling apart, too. It is a vicious circle out there. What goes around comes around.
The kids are already paying for their parents and everyone else's health coverage. The parents put in very little compared to what they are getting. And 1 in 5 seniors are also receiving Medicaid for long term care. In fact most long term care is paid for by Medicaid so it's quite funny watching seniors complain about expansion of Medicaid. Sure, close it down, they only hurt themselves. What's happening now is taxpayers are paying for senior Medicare and Medicaid while going without health coverage for themselves.
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Originally Posted by Rabflmom
And I just bet you that Marjami will be right there with all the rest of the seniors applying for both medicare and social security when the time comes.....why not? With his vast salary he has paid in an awful lot for his future SS and medicare. Is he going to just let it go to some poor person who needs it more? His posts say NOT!
I have no doubt he/she will be applying for it and will be only too happy to take substantially more benefits than paid in, all the while calling those taxpayers paying for him/her "losers".
I have no doubt he/she will be applying for it and will be only too happy to take substantially more benefits than paid in, all the while calling those taxpayers paying for him/her "losers".
"Even though in technicality my income was derived from a US source, I pay no federal income taxes just as a person from India, working in India, Indian citizen, wouldn't either if the US company decided to offshore".
I think you've learned how to game our country. You may not pay any US taxes, or be able to vote, but you seem like a true plutocratic republican. Don't laugh too hard.
"Even though in technicality my income was derived from a US source, I pay no federal income taxes just as a person from India, working in India, Indian citizen, wouldn't either if the US company decided to offshore".
Classic. Thank you for posting this. So often I've found that posters like this are exactly as shown here. And if they get sick, the poster just runs back to India for coverage.
We could have nice things and afford everything we have now if we simply stopped trying to slam our peckers accross everyone else's forehead in the middle east and elsewhere.
Despite spectacularly failing in all of our engagements there (winning the battles doesn't win you the war) and arguable making things much worse and far more unstable we insist on spending trillions in addition to thousands of American lives in a place that doesn't want to be saved and really can't be saved. The sooner we leave it be just like we do with Africa the better off we will be.
The sooner we stop spending trillions on killing people the better off we will be. Shockingly enough, many of the people that support war and going there worship a pacifist.
Let's not forget the trillions in "stimulus" that never stimulated anything (both parties are to blame with this as the payroll tax credit was just as dumb as the other cuts we made that we can't pay for), the trillion in bailouts for corporations. We've spent so much money in the last 15 years and have nothing to show for it. Imagine if we had instead put people to work with upgrading our roads, power grid, bridges etc.
I'm a registered gun toting republican btw before you accuse me of being some left winger. I just haven't lost my mind like the rest of the party who can only spout talking points. I'm just smart enough to realize we can't keep spending money like we are and have nice things at home and can't stand candidates that talk without specifics and when they do give specifics show only major spending with fuzzy math and warm statements about "fixing" the budget yet spend MOAR.
Classic. Thank you for posting this. So often I've found that posters like this are exactly as shown here. And if they get sick, the poster just runs back to India for coverage.
Um, thanks for the positive reply. But I think M. has figured out how to game our Country, and thinks he can get great healthcare here. If he gets sick, he'll put his fate in the hands of an American Doctor. I hope that doctor plays him like he's playing our country.
We could have nice things and afford everything we have now if we simply stopped trying to slam our peckers accross everyone else's forehead in the middle east and elsewhere.
Despite spectacularly failing in all of our engagements there (winning the battles doesn't win you the war) and arguable making things much worse and far more unstable we insist on spending trillions in addition to thousands of American lives in a place that doesn't want to be saved and really can't be saved. The sooner we leave it be just like we do with Africa the better off we will be.
The sooner we stop spending trillions on killing people the better off we will be. Shockingly enough, many of the people that support war and going there worship a pacifist.
Let's not forget the trillions in "stimulus" that never stimulated anything (both parties are to blame with this as the payroll tax credit was just as dumb as the other cuts we made that we can't pay for), the trillion in bailouts for corporations. We've spent so much money in the last 15 years and have nothing to show for it. Imagine if we had instead put people to work with upgrading our roads, power grid, bridges etc.
I'm a registered gun toting republican btw before you accuse me of being some left winger. I just haven't lost my mind like the rest of the party who can only spout talking points. I'm just smart enough to realize we can't keep spending money like we are and have nice things at home and can't stand candidates that talk without specifics and when they do give specifics show only major spending with fuzzy math and warm statements about "fixing" the budget yet spend MOAR.
Republicans ceded any claim to budget management when they passed tax cuts for the wealthy, unfunded Medicare Part D and funding for the two trillion dollar Iraq war. I watched Donald Rumsfield on late night TV making jokes about how his wife keeps asking him why they haven't found any WMDs yet. He seemed to think it was so funny.
Honestly, I don't know what Republicans stand for anymore. But since they clearly don't support health coverage, the only logical thing to do is cut back on entitlements, specifically Medicare where we are spending the most money. There's a reason the GOP is so fervently behind Paul Ryan. Paul Ryan has proposed Medicare privatization and vouchers. I used to be against that but now, since seniors only want coverage for themselves, I say voucherize away.
Classic. Thank you for posting this. So often I've found that posters like this are exactly as shown here. And if they get sick, the poster just runs back to India for coverage.
First of all India was just an example, I'm not from India, don't have any residence in India, nor would I go to India for medical coverage.
I'll stay right here in the USA, and I'm insured, and I quite enjoy the medical coverage I get here.
We could have nice things and afford everything we have now if we simply stopped trying to slam our peckers accross everyone else's forehead in the middle east and elsewhere.
Despite spectacularly failing in all of our engagements there (winning the battles doesn't win you the war) and arguable making things much worse and far more unstable we insist on spending trillions in addition to thousands of American lives in a place that doesn't want to be saved and really can't be saved. The sooner we leave it be just like we do with Africa the better off we will be.
The sooner we stop spending trillions on killing people the better off we will be. Shockingly enough, many of the people that support war and going there worship a pacifist.
You sound like my favorite (current) President, unless you are claiming he's a pacifist. I think he's the smartest Pres in all of my voting years.
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Let's not forget the trillions in "stimulus" that never stimulated anything (both parties are to blame with this as the payroll tax credit was just as dumb as the other cuts we made that we can't pay for), the trillion in bailouts for corporations.
Disagree with you there. 2008 was a shytestorm that needed a flood of money. I'm all for hiring the mentally handicapped, but never again for president. If you disagree, compare how we've recovered vs. Europe.
Quote:
We've spent so much money in the last 15 years and have nothing to show for it. Imagine if we had instead put people to work with upgrading our roads, power grid, bridges etc.
I'm a registered gun toting republican btw before you accuse me of being some left winger. I just haven't lost my mind like the rest of the party who can only spout talking points. I'm just smart enough to realize we can't keep spending money like we are and have nice things at home and can't stand candidates that talk without specifics and when they do give specifics show only major spending with fuzzy math and warm statements about "fixing" the budget yet spend MOAR.
I'm still a registered repub (afraid to change it as I don't think I could stand jury duty), and if I owned a gun I would have swallowed it (leaving my cat an orphan).
We can keep spending money if we do it wisely. Invest in our infrastructure, education.... We didn't get here by chance, but we sure as heck can urinate it away.
This is our opportunity to get rid of the farce of the GOP. Return the discussion to relevance rather than small hands and wives looks.
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