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Most people who are receive Medicare pull more out of Medicare far exceeding what they paid into it. So they have not strictly speaking paid for all the Medicare costs they incur.
The people that are on medicare and haven't contributed at all, or very little is one reason for the problem with it. We need more people working and paying their fair share, not more people on the gov't dole.
America's health care costs are so much more expensive when compared to other nations who manage to insure everyone.
In other words, America's issue is figuring out a way to control health care costs like other nation's already are managing to do.
Other countries just give LESS health care. We have the finest health care in the world. Naturally it costs more. If we would listen to the GOP plan we could cut costs dramatically while still providing the same level of care. That is not what ACA does. A Serious Republican Health-Care Plan - Bloomberg
Wow, have you gotten that backward. Do you seriously not pay attention to which party favors the wealthy, or are you just trolling!
Uhmmm....both of them seem to. Obama has been great for the rich, just as the presidents before him. Until they tackle that issue theres nothing they can do to stop it, increasingly income and wealth inequality is being accelerated by the simple fact of having it.
Uhmmm....both of them seem to. Obama has been great for the rich, just as the presidents before him. Until they tackle that issue theres nothing they can do to stop it, increasingly income and wealth inequality is being accelerated by the simple fact of having it.
How do you propose to equalize the wealth gap when those who are rich go bankrupt from making bad financial decisions and those of modest means amass enough wealth to qualify for the top 1% merely by making wise life, lifestyle, and financial decisions? You do realize the gap isn't all about income or even inherited wealth, don't you?
None of the computations I've seen have analyzed the exponential growth of what the premium payments would have achieved if invested for those decades instead of just squandered by the government.
Using an investment calculator, I plugged in an unchanging $40,000 annual income with the 1.45% employee Medicare tax amount of $580 per year. After 40 years (age 25-65), if the same static amount were invested over time, the total Medicare tax paid would have been only $23,200 while the accumulated value of an investment after 40 years (average annual return of 7%) would be $123,894.
The invested value would be more than 5 times the amount paid. By even the most generous estimates, the average value of Medicare benefits received is only 3 times that of Medicare tax paid.
So, let's not pretend that Medicare taxpayers aren't losing money on the deal.
Other countries just give LESS health care. We have the finest health care in the world. Naturally it costs more. If we would listen to the GOP plan we could cut costs dramatically while still providing the same level of care. That is not what ACA does. A Serious Republican Health-Care Plan - Bloomberg
ACA is a GOP plan. It is a copy of the GOP "Health Equity and Access Reform Today Act of 1993".
Uhmmm....both of them seem to. Obama has been great for the rich, just as the presidents before him. Until they tackle that issue theres nothing they can do to stop it, increasingly income and wealth inequality is being accelerated by the simple fact of having it.
True Obama has been great to the rich, with his FED pumping money into the markets and the bailouts he has continued. Buy the real issue is what he has don to the middle class. "Median annual household income has fallen 4.4% to $52,098 in the four years since the economic recovery began." Obama's four years. Economy recovers, income doesn't - Economy
And poverty rates have soared from 12.5% when Obama took over to 15% of Americans living in poverty. But the stock market is higher.
Those working full time is at the lowest level in 40 years too.
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