8 Democratic Senators introduce 'Medicare at 55 Act'

[Cicada]

89. Medicare spends a lot more than what it receives

I read that each Medicare recipient gets a product worth about $200,000 more than what was paid in. I get a drug infusion every 4 weeks for free. My monthly statement says the cost is &12500. The drug means I have normal mobility, no pain at all. Without it I would have pain in every step. So I am very great full. But I know general taxes subsidize me. In today's dollars I paid about $100000, counting my half and the "employer" half of Medicare tax. And I do pay $1200 per year as my Medicare premium.

This is a good thing - we have most of our elderly medical bills paid from general tax receipts. We all get this security which is extremely valuable to our peace of mind, and those who earn a lot pay more than the average share because of somewhat progressive tax.

But Medicare IS somewhat subsidized.