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To: kabar
By the way, I'm not sure what this means:

... the study accounts for inflation by calculating all past taxes and future payments in 2010 dollars to provide an accurate comparison.

Do the calculations adjust (to 2010 dollars) only the raw dollars that were paid in, or do they add the average compounded interest that would have been accumulated on top of those raw dollars had individuals invested the exact same number of dollars in exactly the same way over the course of their working lives themselves?

50 posted on 03/02/2013 9:40:03 PM PST by Lancey Howard
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To: Lancey Howard
Do the calculations adjust (to 2010 dollars) only the raw dollars that were paid in, or do they add the average compounded interest that would have been accumulated on top of those raw dollars had individuals invested the exact same number of dollars in exactly the same way over the course of their working lives themselves?

The actual study is contained in this link: Medicare is Bad Medicine for Young America

Here is the study The data, sources, and assumptions are contained in the report.

The study aside, most people are unaware that the Medicare premiums for parts B and D cover only 25% of the costs. The remaining 75%, by law, must come from the General Fund. In FY-2011 this amounted to $222 billion. This number will increase dramatically as the number of those over the age 65 doubles in the next 20 years. Medicare will consume the entire federal budget if not reformed.

59 posted on 03/03/2013 6:18:16 AM PST by kabar
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