Medicare

Mornin’,  When I was a young,man, I was opposed to social Security and I didn’t expect it to be there when I retired.  I was very surprised that it lasted but I like getting those monthly checks.  I put in $50,000 over the years and my employer would have matched that.  I have been on Social Security for 11 years and I get around $2,000 a month.  That adds up to about $250,000 which is better than a kick in the butt but I have no idea what have if I was prudent enough to invest the same money into a prudent fund.  I have read that if you had invest $2,000 a year in in an IRA for five years, starting when you were 21, and didn’t add any more to it, you would have something like $650,000 when you were 65.  That is a moot point for me because when I was 21, I was making $4,200 a year working at Good Samaritan.

President Reagan and Tip Oneal bumped up the amount deducted in the the 1970’s to insure that there was enough money in the fund to cover the Baby Boomers but of course all the money that was collected went into the general fund and was used to pay for things like wars and tax breaks for the needy but of course they are the stimulus driving our economy today.
I was also working at Good Sam when they Medicare first came on the scene.  That was back in the days when it cost less than $40 a day for a patient in a four bed ward.and I think they still were running the poor farm at Troutdale.  Medicare isn’t simple and the hospitals spend a lot on paper work to show compliance and the government had to  develop a substantial bureaucracy to monitor it.  Medicare also put an end to the two year nursing programs that were run by the hospitals.  I don’t have a suggestion for a better program but the present .   but if we       .  .  .
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