Monday, June 10, 2019

Medicare for how many?


Today without Medicare for all, If a couple (married or not) have two or one child no payment is made to the Medicare funds for the additional citizens.

The worker at some later age is entitled to Medicare when retired via Social Security or disabled to the Medicaid.

If, as being proposed by Democrat potential candidates, the citizens are covered by “Medicare-For-All”, workers along with dependents become recipients of Medicare. The already distressed Social Security Trust Fund will be destroyed. Or the benefit deductions will become horrendously large and take home wages will be diminished. Do not forget the employer deductions or payments.

A. To make this a little clearer; a family of four would charge Medicare at least twice as much for an assumed ages 28 (for the parents) through 66 when retired. That is 38 years or 76 people years.

B. The children would be covered to their age of about 24, or 26 similar to Obama Care. That is 48 people years.

C. Retiring at 66 and living to 90 would cost for 2 people, 24 people years each. Another 48 people years.

The normal Medicare contribution today is 24 to 68 or about 64 years of contribution depending upon which spouse/s are employed. Compare this to A+B+C= approximately 172 people years charged.

The cost to Employers will shut down businesses,

The impact to take home pay is astro......l

Ah yes remember Al Gore’s Lock Box.

No comments:

Post a Comment