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PRAIRIE GROUCH  
GRAND PRAIRIE TX  
November 12, 2012 7:37am
 
One Voice.....that have been worked for and paid in advance through years of working...........
Please explain how Medicare Plan B was paid for
in advance. The taxpayers fund what the premiums
don't cover. I think that is around 40% of the
total plan B expenses. Why do you think that your
neighbors should pay for others' health care.
The Social Security taxes that we paid funded
the current expenses of the program plus set aside
funds to provide for us and future generations. It
should be apparent to everyone that this program
was vastly underfunded. So the persons currently
on SS did not pay their fair share and the persons
currently working will have to have their taxes
increased to prevent bankruptcy. During my working
career, my taxes were increased 15 times but still
didn't come close to matching the benefits drawn.
Concerning the Medicare taxes, the maximum amount
paid into this program by a taxpayer was 23.10 per
year in 1966. This amount was matched by the employer.
Twenty years later that amount had increased to
$534.00 per year for the individual. These tax rates
increased until 1993 which was the year that the wage
cap was removed. Bear in mind that these amounts were
the maximum and not necessarily the amount that a lot
of people paid.
I served 20 years in the military and have drawn
military retiree pay for over 41 years. I sure don't
remember working that hard.
And don't forget the employers who are currently
contributing to both SS and Medicare. Without them,
the system would be bankrupt in short order.
     
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