| Vetteman94 said: Social Security only Taxes the first $90,000 $106,000, so not all money earned is taxed for Social Security. And the Total tax rate is 10.4%, 6.2 for the employer, 4.2 for the employee And I refuse to believe that comparitive Health Insurance for people that need Medicare is $4900, my grandfathers supplemental insurance is $8K a year, full coverage for him would Total close $30K. For the average healthy person in their 30s or 40s, yes $4900 is probably plenty, but most people at Medicare age arent. Minor corrections |
Medicaid which caters to an entirely different demographic is also $7,900 per recipient. The service varies from $5,000 - $8,000 per state depending on benefits, and is still higher than private insurance.
Feel free to look up the data. Every government health care system in the US is more expensive than private insurance - Medicare, Medicaid, and of course, the champion, the Veterans Administration (about $8,500 per person).
Back from the dead, I'm afraid.
