Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Cincinatus' Wife

What happens to the Millennial’s/Young Invincible’s rates when the bulk of the Baby Boomers migrate thru the system?

The M/YI rates are jacked up to help subsidize the older folks. What will that huge blob of Boomers do to their rates?


29 posted on 10/13/2013 7:35:44 AM PDT by moovova
[ Post Reply | Private Reply | To 1 | View Replies ]


To: moovova
Actually, the oldest of the boomers are 68 now. When they retire, they go into Medicare. There, Part A is free, but most seniors pay $100/month for part B and they pay for the pharmaceutical program.

The bigger question is what happens when people with large, stable incomes leave the system for Medicare. They're mostly being replaced by a younger generation that has less stable job opportunities and lower incomes. The percentage of this younger generation that gets subsidized will be huge.

32 posted on 10/13/2013 7:53:44 AM PDT by grania
[ Post Reply | Private Reply | To 29 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson