Medicare: A Senior Scam
TweetSome people claim that the federal government is ripping off young people by making them pay for Medicare used by senior citizens. Retirees can benefit from the cheap health care whether they are dirt poor or filthy rich and it is young, working people who pay to give seniors those health benefits.
Spending such large amounts of mone to help retired senior citizens who no longer substantially contribute to our economy is illogical in the minds of many economists. The government spends about 6x more money on seniors than it spends on children. However, it is the children who can actually make an impact on the United States’ future, whereas retired seniors are done contributing to the economy.
Although seniors have paid their dues while being productive, working citizens in some respects, the average Medicare recipient actually collects two or three times more money than they paid in the first place. Medicare currently has $34 trillion unfunded liability which future generations will have to pay for.
As an increasing amount of people from the baby boomer generation retire and qualify for Medicare, young people will need to pay an increasing amount of money to care for the elderly. This could lead to the bankruptcy of Medicare. If that happens, the people who are currently helping seniors pay for their medicines and health care may not have that same privilege.
Related posts:
- A single-payer health care reform can contribute to an economic stimulus According to an article in The Nation, we need the...
- Baby boomers are no longer retiring Our economy is in a crisis and it’s not helping...
- Medicare Buzz Words Everyone Should Know Medicare, like standard health insurance can be very confusing, especially...
- Doctor pleads guilty to Medicare fraud again Miami-Dade doctor Carmen Lourdes del Cuerto pleaded guilty again last...
- Medicare Fraud left and right Last month we heard it out of Miami, now we’re...
