Posted on 04/12/2013 7:09:27 PM PDT by Steelfish
April 12, 2013 Obama To Hike Upper-Income Seniors' Medicare
SCOTT APPLEWHITE
WASHINGTON President Barack Obama's plan to raise Medicare premiums for upper-income seniors would create five new income brackets to squeeze more revenue for the government from the top tiers of retirees, the administration revealed Friday.
First details of the plan emerged after Health and Human Services Secretary Kathleen Sebelius testified to Congress on the president's budget. As released two days earlier, the budget included only a vague description of a controversial proposal that has grown more ambitious since Obama last floated it. (snip)
Obama's new budget calls for raising $50 billion over 10 years by increasing monthly "income-related" premiums for outpatient and prescription drug coverage. The comparable number last year was $28 billion over the decade.
Currently, single beneficiaries making more than $85,000 a year and couples earning more than $170,000 pay higher premiums. Obama's plan would raise the premiums themselves and also freeze adjustments for inflation until 1 in 4 Medicare recipients were paying the higher charges. Right now, the higher monthly charges hit only about 1 in 20 Medicare recipients.
(Excerpt) Read more at cbsnews.com ...
Republicans need to accuse obama of starving kids and throwing grandma into the street.
I am sure the MSM will play along...
My wife died of cancer and I make more than 85.
F’n communist bastards... each and everyone of the communist bottom feeding community agitator weathermen traitor terrorists. F’em.
Obama will not save or cut our debt by as much as one thin dime. All that jerk is doing is finding another way of spreading the wealth to his special people.
It’s a start. I prefer to means test both Social Security and Medicare...but this is a step in the right direction.
We are $17T in debt...and cannot afford to subsidize the Winnebago Lifestyle anymore. My kids are already screwed for life enough as it is, and it’s getting worse by the year.
So you support Obama’s plan because he put us in trillions of dollars in debt?
Good Lord, where’s the white rabbit, now that we need him? Just rememember what the doormouse said.
Actually, I'd call it a big Boost. In building Class Warfare.
People who paid in should collect, as promised. Period.
Zer0’s is basically trying to “solve” the problem of his own party’s creation. Just like every other lame-brame program they’ve come up with that leads to destruction.
We paid our money into the system and expect to get every cent back out as the law WAS WRITTEN, not as some socialist wants to change it!
You most likely already got your money back and then some. You boomers are bleeding us dry. Please stop!
Know how sinister this is???
There is absolutely NO limit on your Gross earnings for paying into Medicare.
There is a FICA limit—just over $100,000.
But—If you are the CEO of Disney & make $50 million a year-—you will pay $1.45% of that 50 million into medicare...or if you are self employed—you will pay 2.90% into medicare.
Is an athlete considered self-employed by the IRS??? They each have separate contracts, which are negotiated only for the benefit of that person....by an agent!
If they are considered self-employed—like Tiger Woods or Phil Mickelson, then they will pay 2.90% into medicare—without any limit.
How about Hollywood stars? Self-employed or employees???
I suspect self-employed—paying 2.90 into medicare...after they all have paid 12.4% into Social Security (FICA) up to the threshold limit of just over $100,000.
The people who pay the most into the system now are going to have to pay even more!!!
What a twist of accounting this is!!!
nobama’s plan is already working...exacerbating class warfare...even on FR. Sheesh!
BTW, I don't have SS but think people should be given what they were promised. It's not like they had a CHOICE contributing to it!
BTW-2, hi!
“People who paid in should collect, as promised. Period. “
We can’t pay out 3X what people pay in. It doesn’t matter what was promised.
” not as some socialist wants to change it! “
You do realize that you are also a socialist if you support Medicare as written, right?
Hey Lonestar....what’s up. I have not seen you lately. Hope all is well!
As far as the slugs taking SS without putting into the system...I can’t stand those turds. Congress SUCKS! Hope that answers your question....lol.
“nobama’s plan is already working...exacerbating class warfare”
If people were intellectually honest, they’d support ending medicare immediately. Unfortunately, socialism begets more socialism, even amongst those who think they aren’t socialists.
Can’t be talking boomers, this is only the second year eligible for medicare. Must be the Greatest Generation you are berating.
My S.S. check is way above the average that I've seen listed. That's because I paid in way above average, plus I had the audacity to save and invest for my retirement. They want to take from me because of my efforts. Screw "means testing".
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