Talk of The Villages Florida - View Single Post - National Medicare advantage plans causing capacity issues
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Old 06-14-2024, 08:09 AM
Marine1974 Marine1974 is offline
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Default Who pays for Medicare ?

Quote:
Originally Posted by ithos View Post
It is only going to get worse.

To the casual observer in The Villages, it is apparent that many retirees do not put a high priority on proper diet and exercise. So when their health starts to deteriorate they figure it is now the government's job to shell out whatever money is required to pay for their medical expenses.

This wouldn't have been a problem in the 60s and 70s when medical care was far less advanced. But obviously things are much different now. Yes you paid Medicare taxes but it wasn't near enough.

Social Security and Medicare finances look grim as overall debt piles up - The Washington Post

https://www.usnews.com/news/best-cou...%20among%20men.
What do you mean by we haven’t paid enough ?

Medicare is funded by a combination of sources, including:
General revenues: Contributions from the government
Payroll taxes: Paid by both employers and workers
Beneficiary premiums: Monthly payments for coverage
Other sources: Taxes on Social Security benefits, state payments, and interest
My taxes on my social security payments up to 85% also pay for Medicare . I’m being taxed on money I contributed.