No, the previous commentator is right. Benefits paid out to current recipients FAR AND AWAY exceed anyhting they ever paid in, even assuming a real rate of return equal to the market.
“”No, the previous commentator is right””
Get a clue! People pay a monthly premium for Part B Medicare (Original Medicare) and also pay a premium for a supplemental plan or a Medicare Advantage plan if they sign up for one. You have to have Part B and pay for it before you can have either of those alternatives. At this time Part B costs $96.40 per month and goes up each year in relation to the COLA given Social Security recipients. It will go up in 2010 WITHOUT a COLA because someone in DC has decided that the Cost of Living HASN’T GONE UP!
Medicare Advantage plans are on the chopping block to find the $$$ to pay for the proposed healthcare plans. This is supposedly because of the waste and fraud in the Medicare system. That waste and fraud has gone on for 40 years and they are going to tackle that problem NOW.
I worked for 54 years before retiring. How many years do you plan on working?