Paying $11,000 for "free" Medicare health care in 2012:
How Social Security and Medicare really work: A case study
A case study of one person on Social Security and Medicare shows that this individual will pay $11,000 for "free" Medicare health care in 2012 -- which represents more than one-half (50 per cent) of his annual Social Security income.
Thom Prentice, Ph.D.
By THOM PRENTICE
People on Social Security and Medicare are NOT "on unearned welfare" or "handouts" or even "bailouts" (unlike the Big Banksters on Wall Street). Rather, people on Social Security and Medicare have paid through the nose for their entire working lives for this "social contract" "and they are STILL paying through the nose -- in this case study, to the tune of $11,000 in 2012 -- 50% of Social Security income.
Perhaps no one in the Washington/Wall Street/Corpster News Media bubble knows exactly how Medicare really works -- let alone Social Security -- and many --consider the programs to be the equivalent of "welfare".
This is incorrect. It is demonstrably, empirically untrue. It is a lie.
Moreover, people like House budget chairman Congressperson and former Republican Vice Presidential nominee Paul Ryan and former Republican Senator Alan Simpson often insist on calling the programs "entitlements" and want to "privatize" (or rather "eliminate) them entirely. (Since when are they "entitlements" or "benefits"? REAL "Entitlements" and REAL "benefits" only accrue to The One Percent Wall Streeters and the servile, sycophant go-fers in their Royal Feudal Courts. Mitt Romney, Donald Trump, Jamie Dimon, Lloyd Blankfein, Sheldon Adelson, The Koch Brothers, THEY are the ENTITLED CLASS.) But, I digress.