Medicare is rapidly running out of money…

…or so says Fox News..

But if they do and you need some diagnostic information, here’s a health tip…

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Author: G.D.

I'm from Pensyltucky. Can trace my ancestry directly to whom the present day national anthem of Poland is written about. Presently repair slot machines at a casino.

4 thoughts on “Medicare is rapidly running out of money…”

  1. It is indeed and both of my elderly parents lost doctors who refused to accept it anymore but fortunately had the wherewithal to go concierge. I am very happy with my healthcare plan but I will in time have no option to renew it.

    The only defense here is to try and fund HSAs every year which we’ve been doing but you’re only allowed to contribute $7500 a year and that doesn’t pay for anything serious.

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  2. Having just been forced by law to get the dang thing ( I held out for years but they got me), it will not be allowed to go bust. If we have a congress scared of the senior vote and they turn to someone who can actually fix it, I expect some income based premiums along with gradual shuffling of coverage to medigap policies. Not only are many seniors not retiring, they are working more productively than before.

    We need a model which accepts the new reality of aging in America. Right now I have to pay for part B (A is no premium to anyone), but because I am insured by a group plan larger than 20 employees, Medicare is secondary coverage. I have had a cataract and a kidney stone this year, neither went to Medicare.

    Given the government’s un-stellar ability to forecast anything, I would wait for better numbers.

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  3. TKC 1101:
    If we have a congress scared of the senior vote and they turn to someone who can actually fix it, I expect some income based premiums along with gradual shuffling of coverage to medigap policies.

    I agree with this; medicare is truly the fourth estate but I am also a pragmatist. When the money runs out, it just does…

    I’m only warning all of you to prepare for the worst and try to protect yourself as much as possible from dependence upon the money stolen from your paychecks and that no longer exists.

    The day of Reckoning shall come.

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