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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59181  
Subject: Re: Bankruptcy of Senior Citizens Date: 4/4/2009 3:44 PM
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SeattlePioneer writes,

Personally, I'm expecting that a national health care system will roll the Medicare unfunded liabilities into the new system, and charge retirees with income taxes to pay for the benefits they receive. It might well charge high income people more than the benefits are worth.

intercst might find himself paying $5,000-$10,000 per year for Medicare coverage by the time he turns 65. After all, why pay benefits to people who don't need them?

</snip>


I'd rather pay $5,000-$10,000/year to a low overhead Medicare system and cover everybody than continue to pay $5,000 to $10,000/year to a private insurer that's skimming 25%-30% off the top and leaving 50 million Americans without healthcare coverage.

intercst
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