Replies to post #319583 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Rob, these are "white lies". Everyone paid approximately $165,000 (the rate is 12.4%, at least for me since I paid both the employer and employee side, being independent since 1985, and the employer contribution should be taken into account whether or not it is oneself or an outside employer), which over the 40/45 years every one paid, should have grown roughly to at least $600,000, and $600,000 should yield $30,000/year without touching the principal, most of retirees get less than $20,000/year, thus as is the case with the "dividend exclusion" retirees pay the price and are being robbed.

[TJ Parker]

"The time for unlimited medicare coverage may need to come to an end."

well, that's a solution, but a politically untenable one. i suspect we'd have canadian healthcare before that happens.

[Culmus]

Health Coverage Background

If anyone wants to go into details about health coverage, healthcare costs, medicaid, medicare, uninsured and so forth, here is an excellent resource:

http://www.kff.org/uninsured/index.cfm

[skono4]

Social Security has an unfunded liability of about 4 trillion dollars.

Medicare has an unfunded liability of 19 trillion
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Interesting that we hear alot more noise about how to fiddle with SS while Medicare burns a much bigger hole in the deficits.