No Wonder Medicare is in Trouble

There’s a reason [the] current system is unsustainable, says Eugene Steuerle, a former Treasury Department official and senior fellow at Washington’s Urban Institute. He boils it down to two simple numbers.

“An average couple retiring today has paid just a little over $100,000 in Medicare taxes” over the course of their working lives, Steuerle tells Guy Raz, host of weekends on All Things Considered.

And what do they receive?

“About $300,000 in benefits” — even after adjusting for inflation.

Full article on Medicare’s lack of stability.

Comments (6)

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  1. Ken says:

    You mean there’s no free lunch? Gene Steuerle just ruined my day.

  2. Jeff says:

    In my experience, most seniors think they have already paid for their free lunch.

  3. Brian Williams. says:

    Perhaps the Government needs to hire a financial adviser to teach them how to invest $100,000, growing it to $300,000 over a lifetime.

  4. Stephen C. says:

    In my experience, seniors insist on their benefits, whether they have paid for them or not.

  5. Devon Herrick says:

    Taxpayers obviously cannot afford to provide every couple retiring a windfall of $200,000 — $100,000 a person. If, on average, people do not fund the cost of their Medicare over a working lifetime of contributions, the whole program will becomes unstable. This is what’s happening as Baby Boomers retire.

  6. artk says:

    Actually, as a society. we’re better if we make sure the poor and the elderly have the same quality heath care as the young and the wealthy.