Interesting take, Bob.
From my point of view, MediCare is the best deal going on. My premiums are also around $100 monthly, plus secondary and prescription coverage.
Here’s the deal - health premiums outside of MediCare are much higher and it’s not just the profit element. The cost of services under MediCare exceed the premiums with seniors needing more and more services as they grow older. Having those on MediCare pay, for example, a fee to visit a Doctor would discourage visits in some cases and reduce costs overall. MediCare is simply too good a deal to survive, long term.
Actually, MediCare has no funds - money paid in has been spent and the funds that are paid in by younger workers is being spent by our generation. Basically, those that are paying in now will end up with nothing to draw from unless funds are taken from general tax revenue. MediCare is just another federal ponsi scheme, like Social Security.
I’m with Rush on this.
This is the propaganda... I wonder if more than 50% of Medicare costs are fraudulent. With private insurance there would be little fraud because the company could not survive it.
***Having those on MediCare pay, for example, a fee to visit a Doctor would discourage visits***
Well, there is a 20% co-pay on Medicare... perhaps not enough. I understand many Dr's do not charge the 20%... curious.