RetiredGySgt
Diamond Member
- Thread starter
- #61
Payroll tax for Medicare is less than 1 1/2 %.The primary reasons why Medicare runs in the red is the majority of those covered by medicare subsidized by payroll taxes aren't paying premiums. Only $2.9 billion of its income of nearly $231 billion comes from its client base --- which are statistically the sickest demographic (seniors and disabled) and with a larger healthier client base, that means more money in revenue vs expenditures.
Cover everyone with Medicare, and the size and overall health of their client base goes up along with the revenue income from premiums.
EVERYONE that works pays into medicare. EVERYONE. There is no other way to put it. Medicare is already subsidized by OUR TAXES from every person in this country that works. And it fails miserably.
Hate to break it to you but there are no premiums that people on medicare pay. The supplemental programs are all run by civilian insurance groups. Medicare gets its money from the pay roll tax and from the Government.