Quote:
Originally Posted by rubicon
Tennisnut: You did get a return it was the value of the insurance coverage you paid for that gave you peace of mind and allowed you to leverage your income because you understood that loss of home or being sued you were protected.
Frankly consideration yourself fortunate that you did not need to use your auto or homeowners.
I keep reading were people brag that they got more out of medicare then they paid in. Well nothing is free and if the premium pys can't support the benefits going out something has to give. Add fraud and abuse to the legitimate catastrophic health care losses and you can see insolvency in the future....nothing is free
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Actually, I was being kinda facetious and stating that Medicare, social security is lot like auto and health insurance in that it provides peace of mind for the elderly that was not available prior to their implementation. As we are all aware, unfortunately there is fraud and abuse in auto/health/medicare/social security and basically every kinda of monetary transaction known to man. My contributions to my insurance companies have helped to allow them to remain solvent and the hard choices will be made to allow the social security and medicare to also remain solvent.