"I agree 100% with Neal about this. The gimme generation is going to banrupt us all."
I become eligible for Medicare in August (2006) I retired in 2004 due to a very bad back and had to pick up my own insurance. Currently the medical insurance costs us $1900+ per month and my meds (post heart attack/bypass surgery, prostate cancer and severe spinal problems) cost me about $260/month. At this rate, my savings will be gone in less than 8 years. We have NO payments other than monthly purchases, e.g. food, gas, electric...etc.
I hate medicare and all other forms of Govt intervention but I am in the position most my age are that we have no other choice. The typical government "trap".
Because our families own bills, like doctor appointments for my chronic condition, three extended hospital stays of last year that we will be paying off for the next five years, the costs of living while raising two children... and the increase of taxation to cover this medicare coverage, my own family has less and less disposable income. We live VERY modestly while trying to raise two children. Why? Because we have NO disposable income!
I firmly believe that the cost of medicare plus other "gimmies" will leave my family bankrupt in the future, with little to nothing to pass on to our own children. Is this fair, I ask?
I think not! We could have easily filed for a medical bankruptcy, but feel morally obligated to repay what we owe.
I hope those who receive this medical coverage will THANK ME. I find this completely unfair.
If the government weren't involved as heavily as they are, it wouldn't cost nearly as much. They create the problem that generates the "solution" so as to continue to increase their power over us all.