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 Own It and Move On
 
Location: The edge of no where | I've always had very reasonable great coverage thru employers........until last year. The plan my company had been on was no longer offered. I'd been paying $400 a month for my husband and I. $750 deductable yearly for the two of us - and we'd never had a doctor turn it down. Some of the places I'd worked covered all of my insurance premiums, others covered a portion.
Now - we have an HSA plan - so basically it's like not having insurance until you've met your $6000 deductible EACH. I now pay $450 monthly for us to have this lovely coverage. #iwantmyoldplanback!
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Common Sense and then some
   
Location: So. California | MS2011 - 2015-12-21 2:30 PM I've always had very reasonable great coverage thru employers........until last year. The plan my company had been on was no longer offered. I'd been paying $400 a month for my husband and I. $750 deductable yearly for the two of us - and we'd never had a doctor turn it down. Some of the places I'd worked covered all of my insurance premiums, others covered a portion.
Now - we have an HSA plan - so basically it's like not having insurance until you've met your $6000 deductible EACH. I now pay $450 monthly for us to have this lovely coverage. #iwantmyoldplanback!
Are you putting aside a monthly deposit to your HSA account? This is a tax deferred plan, correct? | |
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Expert
Posts: 1956
Location: Ky | What many are saying they want, universal coverage areoss the country regardless of state, lower deductables, more affordable coverage, etc sounds like single payer but those same people say they are against single payer.
I've always believed that if we are going to have national healthcare it should be single payer. Medicare is single payer. It crosses state lines, there is no network and it's far more affordable than anything described here. 99% of medicare elidgibles do not pay a premium for part A. The part B premium is $104.90/mo for all but the highest income earners, {over $85K for an individual}, and will remain $104.90/mo for those already on medicare for next year. People new to medicare witll pay $121/mo for Part B.
Part B is your doctors. The deductable is $147. That will increase to $166 Jan 1. There a part A deductable, {hospital coverage, approx $1300}.
Medicare does not include drug coverage unless administered in a doctor's office. The average part D, {Rx coverage}, premium is about $40/mo.Some are available as low as $18/mo.
People can pay more is they decide they want more coverage than that and buy a medicare supplement or medigap plan. Or participate in a Medicare Advantage plan, {Part C of Medicare}. But those are optional. The medicare advantage program is administered by private companies. Most have networks and they are not just state specific but county specific as well.
That came from the MMA, medicare moderization act, of 2003. It was W's gift to insurance companies. It was the largest entitlement program passed into law since the implementation of medicare when W signed it into law. Wonder why you don't hear the GOP crowing about that?
Everyone says they don't want "government run" healthcare. Well medicare is government run and they do a far better job of it than the private companies do of running medicare advantage and Obamacare.
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 BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | Two wonderful examples of government run healthcare: Medicare and the VA. The VA should be shut down and our vets should be given good life insurance for life instead. Most VAs are substandard.
They operate on a budget of over $55 Billion.....for that corrupt, incompetent system.
Why am I not surprised that good ole jd&ez thinks single payor is wonderful? Typical socialist mentality.
The average person paying into medicare who has paid into the system probably has well over $300,000 invested in that program....if you take into account what that investment would have earned if they would have put that same amount into an IRA, or 401K. Do the math.
If you die before you are 65, what happens to the medicare "investment" you made? It falls into the bloated abyss, that's what. | |
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | ObamaCare was DESIGNED to be a failure.....so the system collapses and the only option left is single payor. That's exactly how that dirty rotten lying bastard wants it. | |
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 Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | Bear - 2015-12-20 7:22 PM
ObamaCare was DESIGNED to be a failure.....so the system collapses and the only option left is single payor. That's exactly how that dirty rotten lying bastard wants it.
Exactly.......... | |
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Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | Bear - 2015-12-20 7:19 PM
Two wonderful examples of government run healthcare: Medicare and the VA. The VA should be shut down and our vets should be given good life insurance for life instead. Most VAs are substandard.
They operate on a budget of over $55 Billion.....for that corrupt, incompetent system.
Why am I not surprised that good ole jd&ez thinks single payor is wonderful? Typical socialist mentality.
The average person paying into medicare who has paid into the system probably has well over $300,000 invested in that program....if you take into account what that investment would have earned if they would have put that same amount into an IRA, or 401K. Do the math.
If you die before you are 65, what happens to the medicare "investment" you made? It falls into the bloated abyss, that's what.
And lets not forget single payer is not free.........you will most likely welcome a income tax of about 52%.....how is that for free healthcare....... | |
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 "Hottie"
Posts: 1373
Location: Okemah,OK | Vickie - 2015-12-21 7:26 AM
r_beau - 2015-12-20 8:49 PM Three 4 Luck - 2015-12-19 10:02 AM Â Here's how great our current insurance is. Â Living in a rural area with a sparse population, doctors do not do immunizations. They refer everyone to the county health department. Â It's a practical arrangement due to the cost and perishability (is that a word? Â LOL) of vaccines. Â If you have insurance, the health dept bills them, and if not, the state pays.Â
So I took my daughter in for her 2nd MMR before school started, and a few weeks later got an EoB from our insurance denying coverage because the provider was out of network.  The health dept is out of network?  How is that possible?  Insurance is supposed to cover 100% of immunizations, and yet here they are refusing to pay.  So I call and the snotty witch with customer service tells me I need to switch docs. I try to explain that this is standard practice in our area--we would have to drive over an hour to find a Ped clinic that does immunizations in-house, and they won't do them for us because 1) none of their docs are our PCP and 2) my kid's vaccines were delayed due to health issues when she was little and they will only vax there on the CDC schedule.  No delaying and no cherry picking.  Doesn't matter, don't care, if I want immunizations covered, I will have to drive a couple of hours to find a clinic that will do it and it's not their problem.  So the state paid for it, and while I realize we're fortunate in that, it makes me mad that we pay for insurance and then they find every loophole they can find to not pay for services promised.  While I agree the situation sucks and doesn't make any sense, this is the part where I said most people don't actually educate themselves on the policy you choose.Â
Its not not your insurances fault you chose an out-of-network doctor. They have lists with your plan on where you can and cannot go. You are fully able to check ahead of time.Â
Our little girl had to go to NICU at three days old. Our network pediatrician admitted her to the children's hospital. Got a bill.... The hospital was in network (Blue Cross Blue Shield) but the doctor was not. So we were stuck paying her full bill and we have one of the largest insurance companies on the planet. I am inclined to think she isn't in network on purpose. I mean once the hospital you are going to is in your plan, how many people stop a doctor in the NICU and ask if she's in your network (& being out of network, she can negotiate her own rates). Heck, we admitted her at midnight and the doctor didn't come in until 6 am the next day. We're not allowed to stay with her so what were we supposed to do about it??? My insurance said if we had admitted thru the ER or if it was an emergency (a 3 day old with dangerous jaundice and ordered to the hospital by her pediatrician apparently isn't an emergency ), then they would've paid. It's exhausting!!! | |
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Expert
Posts: 1956
Location: Ky | Bear - 2015-12-21 6:19 PM Two wonderful examples of government run healthcare: Medicare and the VA. The VA should be shut down and our vets should be given good life insurance for life instead. Most VAs are substandard. They operate on a budget of over $55 Billion.....for that corrupt, incompetent system. Why am I not surprised that good ole jd&ez thinks single payor is wonderful? Typical socialist mentality. The average person paying into medicare who has paid into the system probably has well over $300,000 invested in that program....if you take into account what that investment would have earned if they would have put that same amount into an IRA, or 401K. Do the math. If you die before you are 65, what happens to the medicare "investment" you made? It falls into the bloated abyss, that's what.
I guess you can call me a socialist since I give you the facts. Seems only right then that I can call you a hypocrite for railing against the private market system while wanting the benefits of single payer.
The capitalist system of having private carriers administer the part C and D of medicare is an utter failure and costs the taxpayers 15% more than original medicare which is government run. Might that be why the GOP doesn't promote their entitlement baby? Might they also be hypocrites? | |
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | jd&ez - 2015-12-21 10:43 PM
Bear - 2015-12-21 6:19 PM Two wonderful examples of government run healthcare: Medicare and the VA. The VA should be shut down and our vets should be given good life insurance for life instead. Most VAs are substandard. They operate on a budget of over $55 Billion.....for that corrupt, incompetent system. Why am I not surprised that good ole jd&ez thinks single payor is wonderful? Typical socialist mentality. The average person paying into medicare who has paid into the system probably has well over $300,000 invested in that program....if you take into account what that investment would have earned if they would have put that same amount into an IRA, or 401K. Do the math. If you die before you are 65, what happens to the medicare "investment" you made? It falls into the bloated abyss, that's what.
I guess you can call me a socialist since I give you the facts. Seems only right then that I can call you a hypocrite for railing against the private market system while wanting the benefits of single payer.
The capitalist system of having private carriers administer the part C and D of medicare is an utter failure and costs the taxpayers 15% more than original medicare which is government run. Might that be why the GOP doesn't promote their entitlement baby? Might they also be hypocrites?Â
I should think you would be flattered to be called a socialist. After all, isn't that what you are?
If anyone wants to get an idea of what a totally government-run healthcare system would look like, look no further than the VA system. How's that working out? The way to fix our dysfunctional healthcare system is practically the opposite of what's being done.
Right now, the medicare tax is 2.9%. You act like Medicare is such a great program. I don't think so at all. If you take someone earning a very modest, below average income of $40,000 per year over 40 years, and put 2.9% of that into an IRA type account that averages a fairly conservative 6% rate of return over that time span, you'd have a healthcare nest egg accumulated that would be around $330,000. You would OWN that. You can buy a helluva lot of healthcare/insurance with that kind of money. If you combined that with social security, where the equivalent of 12.4% of your income is confiscated by the government each year, and you privatize that, you are looking at over $1.5 Million that you OWN for retirement, including healthcare. Keep in mind, we are talking about someone with a below average income over their lifetime.
As it stands now, you own nothing. You are totally dependent on government giving back a small fraction of what you ought to be getting, for the amount you put into the system. Many, if not most retirees rely upon supplemental insurance because Medicare is inadequate. You progressive socialists have managed to scare the hel! out of people into thinking that government programs are the answer. They aren't.
What happens to the 15.3 % of our incomes that is confiscated by the government, ostensibly in the name of Medicare and Social Security? Does that money "work" for us? Does it generate anything? Does it grow? Does it help the economy? The answer is NO, on all counts.
The only thing it generates is an IOU which is torn up if you die before you reach retirement age, for the most part. If that 15.3% were to be invested in a protected IRA, that would translate into well over $1 TRILLION infused into the economy every single year. That, in turn, would generate wealth, jobs, and tax revenues.....hundreds of billions of new revenues. That's how we could get our economy revived. That's how we could afford to provide care for the truly needy, without borrowing it. That is how we eliminate this whole matter as a political tool.
This is why I hate progressivism and socialism. Sorry if I killed this thread! | |
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  Semper Fi
Location: North Texas | Bear - 2015-12-22 10:03 AM jd&ez - 2015-12-21 10:43 PM Bear - 2015-12-21 6:19 PM Two wonderful examples of government run healthcare: Medicare and the VA. The VA should be shut down and our vets should be given good life insurance for life instead. Most VAs are substandard. They operate on a budget of over $55 Billion.....for that corrupt, incompetent system. Why am I not surprised that good ole jd&ez thinks single payor is wonderful? Typical socialist mentality. The average person paying into medicare who has paid into the system probably has well over $300,000 invested in that program....if you take into account what that investment would have earned if they would have put that same amount into an IRA, or 401K. Do the math. If you die before you are 65, what happens to the medicare "investment" you made? It falls into the bloated abyss, that's what. I guess you can call me a socialist since I give you the facts. Seems only right then that I can call you a hypocrite for railing against the private market system while wanting the benefits of single payer.
The capitalist system of having private carriers administer the part C and D of medicare is an utter failure and costs the taxpayers 15% more than original medicare which is government run. Might that be why the GOP doesn't promote their entitlement baby? Might they also be hypocrites? I should think you would be flattered to be called a socialist. After all, isn't that what you are? If anyone wants to get an idea of what a totally government-run healthcare system would look like, look no further than the VA system. How's that working out? The way to fix our dysfunctional healthcare system is practically the opposite of what's being done. Right now, the medicare tax is 2.9%. You act like Medicare is such a great program. I don't think so at all. If you take someone earning a very modest, below average income of $40,000 per year over 40 years, and put 2.9% of that into an IRA type account that averages a fairly conservative 6% rate of return over that time span, you'd have a healthcare nest egg accumulated that would be around $330,000. You would OWN that. You can buy a helluva lot of healthcare/insurance with that kind of money. If you combined that with social security, where the equivalent of 12.4% of your income is confiscated by the government each year, and you privatize that, you are looking at over $1.5 Million that you OWN for retirement, including healthcare. Keep in mind, we are talking about someone with a below average income over their lifetime. As it stands now, you own nothing. You are totally dependent on government giving back a small fraction of what you ought to be getting, for the amount you put into the system. Many, if not most retirees rely upon supplemental insurance because Medicare is inadequate. You progressive socialists have managed to scare the hel! out of people into thinking that government programs are the answer. They aren't. What happens to the 15.3 % of our incomes that is confiscated by the government, ostensibly in the name of Medicare and Social Security? Does that money "work" for us? Does it generate anything? Does it grow? Does it help the economy? The answer is NO, on all counts. The only thing it generates is an IOU which is torn up if you die before you reach retirement age, for the most part. If that 15.3% were to be invested in a protected IRA, that would translate into well over $1 TRILLION infused into the economy every single year. That, in turn, would generate wealth, jobs, and tax revenues.....hundreds of billions of new revenues. That's how we could get our economy revived. That's how we could afford to provide care for the truly needy, without borrowing it. That is how we eliminate this whole matter as a political tool. This is why I hate progressivism and socialism. Sorry if I killed this thread!
Well if Government Programs are the answer, then why does The Soviet Union no longer exist? I mean that Government was Single Payer Healthcare along with host of other Government Programs? Smiling | |
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 To the Left
Posts: 1865
Location: Florida | Bear - 2015-12-21 7:22 PM ObamaCare was DESIGNED to be a failure.....so the system collapses and the only option left is single payor. That's exactly how that dirty rotten lying bastard wants it.
Bear, it is the Christmas time, don't be so negative, have hope for the future. I know you are a retired doctor, but still take in the spirit and have hope if a better future. It's has got to get better. If it has to be single payer, then first the corruption has to be ended. Why can't medicare negotiate a better price for drugs? Because the pharmacy companies have bought enough senators and legislators to block every attempt to allow it. Folks, for the love of people, vote all of them out. I don't care which party, get rid of them and the big business lobbyists and their dark money PAC's. Take back our country from the filthy rich. | |
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | It's simply a matter of comparing the value of two different investment strategies.
Status quo:
1.) A "promise" to provide basic healthcare needs, IF you live long enough, which often necessitates a supplimental policy to cover anything that the .gov refuses to cover.
2.) A "promise" to grant you a minimum subsistence income once you retire. One that usually can't meet the bare minimum on which you can live......again, that is IF you live long enough.
3.) Does nothing for the economy.....no revenues, no investment, no jobs.
4.) If you die and have no living dependents, the IOU gets torn up.
In other words, the system incentivizes early death. Goes hand-in-hand with Medicare, interestingly.
Privatized System:
1.) Allows you to select from a wide range of insurance options that would be available from a competitive free market. Of that several hundred thousand dollar nest egg reserved for healthcare needs, you could choose a catastrophic plan that would easily be affordable for your lifetime, with more than enough to cover the deductibles for the rest of your life.
2.) In the case of retirement income, you can easily live at or above the level you lived on while working, without putting much of a dent in that nest egg.
3.) Creates a "stimulus" to the economy through the infusion of hundreds of billions every year....maybe even more than $1 Trillion. This stimulus would be via non borrowed money....investments through the private sector. This generates tax jobs, incomes, and massive tax revenues, which could both fund a system designed to care for the poor, as well as lower our national debt. Gee...imagine that.
4.) If you die, it goes wherever you want......charity, family, whatever. That's because you own it.
For a peek at how this would work, take a look at how it worked for Galveston county. They were able to opt out of social security, in lieu of their own privatized system. | |
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To the Left
Posts: 1865
Location: Florida | Bear - 2015-12-22 2:13 PM It's simply a matter of comparing the value of two different investment strategies. Status quo: 1.) A "promise" to provide basic healthcare needs, IF you live long enough, which often necessitates a supplimental policy to cover anything that the .gov refuses to cover. 2.) A "promise" to grant you a minimum subsistence income once you retire. One that usually can't meet the bare minimum on which you can live......again, that is IF you live long enough. 3.) Does nothing for the economy.....no revenues, no investment, no jobs. 4.) If you die and have no living dependents, the IOU gets torn up. In other words, the system incentivizes early death. Goes hand-in-hand with Medicare, interestingly. Privatized System: 1.) Allows you to select from a wide range of insurance options that would be available from a competitive free market. Of that several hundred thousand dollar nest egg reserved for healthcare needs, you could choose a catastrophic plan that would easily be affordable for your lifetime, with more than enough to cover the deductibles for the rest of your life. 2.) In the case of retirement income, you can easily live at or above the level you lived on while working, without putting much of a dent in that nest egg. 3.) Creates a "stimulus" to the economy through the infusion of hundreds of billions every year....maybe even more than $1 Trillion. This stimulus would be via non borrowed money....investments through the private sector. This generates tax jobs, incomes, and massive tax revenues, which could both fund a system designed to care for the poor, as well as lower our national debt. Gee...imagine that. 4.) If you die, it goes wherever you want......charity, family, whatever. That's because you own it. For a peek at how this would work, take a look at how it worked for Galveston county. They were able to opt out of social security, in lieu of their own privatized system.
Your "stimulis" is hard working people's money being turned over to investors who will theoretically make you money for your retirement. Do you really trust Wall Street with your future ? These are the same crooks who tanked our economy with their money grubbing schemes. Don't fall for it. We will keep our money invested in our land, our livestock and our future. The "investors" will get no more of mine to turn into their obsene profits.
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | Vickie - 2015-12-22 12:53 PM
Bear - 2015-12-21 7:22 PM ObamaCare was DESIGNED to be a failure.....so the system collapses and the only option left is single payor. That's exactly how that dirty rotten lying bastard wants it.
Bear, it is the Christmas time, don't be so negative, have hope for the future. Â I know you are a retired doctor, but still take in the spirit and have hope if a better future. Â It's has got to get better. Â If it has to be single payer, then first the corruption has to be ended. Â Why can't medicare negotiate a better price for drugs? Â Because the pharmacy companies have bought enough senators and legislators to block every attempt to allow it. Â Folks, for the love of people, vote all of them out. Â I don't care which party, get rid of them and the big business lobbyists and their dark money PAC's. Â Take back our country from the filthy rich.
First of all, Vickie, I'm not retired. I hope I never have to retire.
Secondly, this has nothing to do with Christmas. Third, I have a TON of "hope"......I hope to see people and politicians wake up. I hope the system can be changed. I hope that the dirty rotten bastard does no more damage. I hope we see the day, once again, where American exceptionalism is praiseworthy and encouraged. Nothing is a more powerful weapon in negotiating lower costs than open markets and robust free market capitalism. When it comes to healthcare, people are not CONSUMERS. All they care about is being "covered"...,,beyond that, they couldn't care less about the cost of healthcare goods and services.
Do you want me to give you an actual REAL example of a product in the healthcare that has improved quality at a lower cost? If you REALLY care, then you will either give me the answer, or ask me, and I'll give it. BUT I predict you will not. Surprise me. | |
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | Vickie, do you own any retirement plan? IRA? 401K?
Answer that, please.
Edited by Bear 2015-12-22 1:30 PM
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 Having Smokin Bandits
Posts: 4572
Location: Woodstown, NJ | Vickie - 2015-12-22 2:25 PM Bear - 2015-12-22 2:13 PM It's simply a matter of comparing the value of two different investment strategies. Status quo: 1.) A "promise" to provide basic healthcare needs, IF you live long enough, which often necessitates a supplimental policy to cover anything that the .gov refuses to cover. 2.) A "promise" to grant you a minimum subsistence income once you retire. One that usually can't meet the bare minimum on which you can live......again, that is IF you live long enough. 3.) Does nothing for the economy.....no revenues, no investment, no jobs. 4.) If you die and have no living dependents, the IOU gets torn up. In other words, the system incentivizes early death. Goes hand-in-hand with Medicare, interestingly. Privatized System: 1.) Allows you to select from a wide range of insurance options that would be available from a competitive free market. Of that several hundred thousand dollar nest egg reserved for healthcare needs, you could choose a catastrophic plan that would easily be affordable for your lifetime, with more than enough to cover the deductibles for the rest of your life. 2.) In the case of retirement income, you can easily live at or above the level you lived on while working, without putting much of a dent in that nest egg. 3.) Creates a "stimulus" to the economy through the infusion of hundreds of billions every year....maybe even more than $1 Trillion. This stimulus would be via non borrowed money....investments through the private sector. This generates tax jobs, incomes, and massive tax revenues, which could both fund a system designed to care for the poor, as well as lower our national debt. Gee...imagine that. 4.) If you die, it goes wherever you want......charity, family, whatever. That's because you own it. For a peek at how this would work, take a look at how it worked for Galveston county. They were able to opt out of social security, in lieu of their own privatized system. Your "stimulis" is hard working people's money being turned over to investors who will theoretically make you money for your retirement. Do you really trust Wall Street with your future ? These are the same crooks who tanked our economy with their money grubbing schemes. Don't fall for it. We will keep our money invested in our land, our livestock and our future. The "investors" will get no more of mine to turn into their obsene profits.
Didn't President Bush want to privatize Social Security right before the crash? We'd be in an even worse predicament if that had gone through. As it was, a lot of retirees lost their savings and investments and are now living in cheap apartments and worrying they're going to run out of money before they die. They were hoping to live on those savings. At least they didn't lose their Social Security too. The last people I'd want to give my money to is Wall St.! Talk about a Ponzi scheme! I have to wonder who would want to feed this beast and make them richer and bigger? | |
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To the Left
Posts: 1865
Location: Florida | Bear - 2015-12-22 2:28 PM Vickie, do you own any retirement plan? IRA? 401K? Answer that, please. Yes I have retirement, in a savings account and in a Roth IRA. No I do not trust Wall Street at all, that is my point. I think you misunderstood when I talked about corruption, I definately did not mean doctors, I meant the inurance companies, the pharmacy companies, the private hospital groups and the private nursing home groups. Doctors can hardly make a profit now a days due to decreased payments from these groups. These greedy people are buying their way into every aspect of our country and doing it by buying politicians. We have to get our politics under control and then we can start cleaning up the corruption. And I don't care who is in the White House, the problem doesn't even start there with the "house temp" We have a new president every 4 or 8 years but nothing changes, does it? Lobbying must be stopped. No one should go into politics to become rich, but they do, don't they?
Edited by Vickie 2015-12-24 4:45 AM
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Married to a Louie Lover
Posts: 3303
| After reading through here I feel so incredibly fortunate to have health care through my employer.
My SO and I have had many conversations about this. I'm moving to his place in the spring and it will be an hour commute one way for me to work. But my job pays well and I have full benefits. I can't lose that.
My eyes will be open for other work closer to home but before the salary matches what I make now the BENEFITS must match. A bill the size of my mortgage is not acceptable for healthcare I don't use much.
I plan to move and commute for a few years unless something great pops up closer that checks every single box. I don't want to be still commuting when we are ready to start a family though, so I sure as heck hope by then our wonderful government has this whole craptastic situation worked out and we have reasonable options if either of us is forced to the marketplace. | |
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 Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | SmokinBandits - 2015-12-23 10:02 PM Vickie - 2015-12-22 2:25 PM Bear - 2015-12-22 2:13 PM It's simply a matter of comparing the value of two different investment strategies. Status quo: 1.) A "promise" to provide basic healthcare needs, IF you live long enough, which often necessitates a supplimental policy to cover anything that the .gov refuses to cover. 2.) A "promise" to grant you a minimum subsistence income once you retire. One that usually can't meet the bare minimum on which you can live......again, that is IF you live long enough. 3.) Does nothing for the economy.....no revenues, no investment, no jobs. 4.) If you die and have no living dependents, the IOU gets torn up. In other words, the system incentivizes early death. Goes hand-in-hand with Medicare, interestingly. Privatized System: 1.) Allows you to select from a wide range of insurance options that would be available from a competitive free market. Of that several hundred thousand dollar nest egg reserved for healthcare needs, you could choose a catastrophic plan that would easily be affordable for your lifetime, with more than enough to cover the deductibles for the rest of your life. 2.) In the case of retirement income, you can easily live at or above the level you lived on while working, without putting much of a dent in that nest egg. 3.) Creates a "stimulus" to the economy through the infusion of hundreds of billions every year....maybe even more than $1 Trillion. This stimulus would be via non borrowed money....investments through the private sector. This generates tax jobs, incomes, and massive tax revenues, which could both fund a system designed to care for the poor, as well as lower our national debt. Gee...imagine that. 4.) If you die, it goes wherever you want......charity, family, whatever. That's because you own it. For a peek at how this would work, take a look at how it worked for Galveston county. They were able to opt out of social security, in lieu of their own privatized system. Your "stimulis" is hard working people's money being turned over to investors who will theoretically make you money for your retirement. Do you really trust Wall Street with your future ? These are the same crooks who tanked our economy with their money grubbing schemes. Don't fall for it. We will keep our money invested in our land, our livestock and our future. The "investors" will get no more of mine to turn into their obsene profits.
The only people who lost out on that deal were the ones who panicked and pulled their money out. The ones who hung in there a few years saw a full recovery and then some. I don't trust the Wall Street folks either, but money invested there is still better off than with social security. | |
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Folks on-line