Once they get on Medicare they are still paying around $100 or so a mnth. They forgot to add that Orc.
Right! I pay $115 a month.
Pretty big diff. in their math here. And as someone else pointed out, they forgot that little matter of the compound interest. I’ll go one further and add that probably, at the younger age of the deductions AND the employer match, the money likely would have been invested in the stock market.
So take $114,000 deducted from my paycheck, ADD the employer match made on MY behalf as doggone employers don’t just throw this money in there for no reason.
Had this money been invested in the stock market like husband’s 401(K)...and NOT touched as the gubmint makes private businesses do while THEY plundered these paycheck deducts and employer matches....well husband’s 401K brought in a return of over a 100% of original investment over the years.
So whoever wrote this lie of an article error number one, asserts that the $114,000 deducted from a paycheck was the ONLY money put in the future Medicare bucket on the employee’s behalf. We must double that for the lying scumbucket forgot this so we’re up to $228,000 from that original lie of $114,000 for the employer match.
Add an almost 100% return had the money been invested in the stock market over the years like a 401K often is....and this is really rough calculation but check it out. $1,000 invested in the stock market 30 years ago would probably easily be $2,000 now. NOW we’re up to almost half a million bucks on that $114,000 deducted from the employee’s paycheck, matched by his or her employer, properly invested and left untouched!
Waaaaaay over the estimated $365,000 originally stipulated in this article that would be spent on a Medicare recipient from eligibility until death.
Add in the monthly deduct from SS for Medicare, which rises every year I might add, and the folks who die before collecting one dime and their money properly invested would be quite high and what have we here?
HAD MEDICARE BEEN INVESTED IN THE SAME MANNER THE GUBMINT MAKES PRIVATE BUSINESS RUN THERI AFFAIRS AND MEDICARE SHOULD BE A REAL PROFIT MAKER!!!!
Instead they raided the Medicare coffers and now blame the folks like myself who paid in many years, MATCHED BY OUR EMPLOYERS, for wanting all these “entitlements” and now here’s the question of the day...
WHY DO THEY CALL IT UNEMPLOYMENT “BENEFITS” when the employee pays not one dime into it, but it’s ENTITLEMENTS that we’ve paid into all our lives as well as an equal match by our employers?
In the manner of politicians, they will stoke the flames and have us fighting amongst ourselves, instead of class warfare, let’s lie all to hell about a mythical $114,000 out of a paycheck to equal a subsequent $365,000 out and folks LET’S KILL GRANDMA!!!
SHE’S THE PROBLEM!!! THAT’S THE TICKET!!
Thus, we must have death panels.