There are all kinds of supplementary medical insurance. I get mine thru the FEHB, which is subsidezed by the federal government. I think you are right about AARP. They are involved in all kinds of insurance and stand to benefit. However, the public option could kill the private insurance industry. And if the government cut back on Medicare payments, then the premiums for supplementary insurance would go up, which many seniors cannot afford.
Currently $96 per month is taken from my social security to pay for Medicare.
That is for Part B, which is actually tied to revenue and costs. Too bad the rest of Medicare isn't.
When there is a cost of living increase in Social Security they take it back by increasing the cost of Medicare.
No SS COLA for 2010 and it is projected that there will be none for 2011.
Everyone contributes to social security and medicare out of their paychecks.
Yes, but the contributions don't cover the benefits. Those of us retired now are receiving far more in benefits than we payed in. That will not be true for our children and grandchildren. It is good to be on the top of the pyramid of a Ponzi scheme.
I mentioned the AARP MediGap to point out why they want to see cuts in medicare. The more coverage we have to buy, the more money they make.
I cancelled my Medi-Gap and have no Gap coverage at all.
Cancelled the RX coverage as well. Started out wit Humana at $4 per month. That price now is ridiculously high so I said goodbye.