As you must be aware, the Medicare premiums that you and other beneficiaries pay -- including my mother -- do not come close to covering the costs of the program. You (and my sainted mother) are not leeches, but you are benefitting from a program that is even more fiscally unsustainable than Social Security and that puts the country's public finances and economy in jeopardy.
As described in a Cato Institute paper, in 2011, "Americans paid $274 billion in Medicare taxes and premiums. At the same time, the program paid out $564 billion in benefits. That amounts to a shortfall of roughly $290 billion. Looking into the future, even the most optimistic estimate by the program’s trustees puts Medicare’s future unfunded liabilities at more than $38.6 trillion. More realistic projections suggest the shortfall could easily top $90 trillion."
From: Romney and Obama: Both Wrong on Medicare
***As you must be aware, the Medicare premiums that you and other beneficiaries pay -- including my mother -- do not come close to covering the costs of the program***
Would someone please tell Rush to stop misrepresenting the Medicare program?