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In reply to the discussion: How would lowering the Medicare age save the system money? [View all]Yo_Mama
(8,303 posts)20. It would cost way more than that.
The median current dollar salary is 41,000, and 5% of that is only $2,050 a year.
The median household income is around 50K, and 5% of that is only $2,500 a year. It would cost around 17% of payroll. I figured it out. That's for the current Medicare package, $1,000 deductible hospital, 20% copay, current Medicare prescription coverage, and physician & outpatient (three different insurance packages under Medicare).
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But you do understand you face a problem by segmenting this one demographic in the overall
CTyankee
Jan 2013
#31
One thing you might want to look at is the number of people in their 50s who have to rely on
JDPriestly
Jan 2013
#33
The argument about Medicare's administrative costs is kind of misleading
democrattotheend
Jan 2013
#22
Have you found anywhere a table that breaks down Medicare expenditure by age of the insuree ? n/t
PoliticAverse
Jan 2013
#27
I am no expert on Medicare but it seems to me that you are making a case for Medicare for all
CTyankee
Jan 2013
#28