My parents, in their 80’s, have raked in many, many times what they put into Medicare. Now early Baby Boomers are doing the same.
I've seen this up close and personal with my parents and in-laws. I don't begrudge them, it's the system. But longevity has also added extra costs. My FIL immigrated here (legally) worked from the age of 50-65, while paying into SS and Medicare, retired at 65 and lived to be 93, all the while collecting SS and using Medicare (he was a pretty healthy guy, so his Medicare usage was minimal until the end.) The outpay compared to the inpay must have been huge. The system was/is broken.
that is simply untrue...early boomers were the first to pay into Medicare from first working age
now try this one Sherlock, I'm 55 in 3 weeks and have paid FICA and Medicare all my life since I started work as a teen (summer 1969..first job on a payroll) and since mid 20s due to my industrious nature have always maxed out FICA
now look at all the reform models...I'm just months out of luck for the cutoff all gen X types like Ryan use to save the system..a lifetime of over a half million in contributions (at least) and do I get a return on my investment?
no...it went to pay entitlement for less motivated folks but since Ryan is a Generation X player can I blame him for making those 55 and under the cut off?
children blame...adults find solutions..I could play the blame game too and have paid a lot more in than kids here whining have
it's a sign of maturity and conservatism not to fall for the lure of blaming everyone else