r/FluentInFinance • u/The-Lucky-Investor • 11d ago

“Medicare for All” would save the U.S $5.1 Trillion over 10 years Discussion/ Debate

https://www.commondreams.org/news/2018/11/30/easy-pay-something-costs-less-new-study-shows-medicare-all-would-save-us-51-trillion
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u/lord_dentaku 11d ago

Everyone I know on Medicare that I've discussed it with likes it. They pay way less out of pocket, many times zero, than I do on an insurance policy that costs me $1.3k per month for myself and two dependents.

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u/StreetcarHammock 11d ago

Because it’s subsidized by taxpayers. Of course people tend to like cheap things provided by other people.

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u/lord_dentaku 11d ago

Subsidized by taxpayers after they spent a working lifetime subsidizing it for others. It really gets old how people try and frame it as an entitlement, it is an agreed upon obligation that people have paid into their entire working lives and are expected to receive it. Most people aren't getting it for free, they've just already completed their obligation to pay for it.

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u/StreetcarHammock 11d ago

If that was entirely true then would parts of Medicare be on track to exhaust their funds and be in need of additional taxes from working people? As with social security, recipients cost more than they paid in during their working years.

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u/Real_Explanation_298 11d ago

Boomers are the only ones with medicare right now...go ask one i guess.

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u/Fair_Back_3943 10d ago

Ppl w disabilities too. I'm 41 and have medicare, and it's way better than the private insurances I had (although I don't remember the details too well. It was a long time ago)