A of people put off retirement and taking Social Security because the cost of insurance is so costly now. Lowering the age of Medicare to 62 would have a lot of ripple effects.
For one thing a lot of people would retire at 62. A lot of companies have discontinued giving retirees health insurance. So they put off retirement till 65 till they can get Medicare. Which when it was designed would cover all costs, not 80%. So most of the people get a supplemental plan for about $200 a month to cover themselves. Although most have a $10,000 liability. Companies have figured out ways to not provide retirees insurance for life. They change names, bankrupt, all legal ways to get out.
So the corporate greed has eliminated the insurance that was promised to retirees. This may be why stocks are high. I do not know as I am not a pundit.
The other thing is that if the Federal Government would change the Medicare age a lot of people would commit to the 62 year old Social Security and loose 33% of their potential pay. But who wants to work till they are 70 years old and half dead to get the full amount? I don't.
They can give Medicaid to young people and aliens. Why not modify Medicare?
Most companies have dropped down to hiring only part time people anyway. And the ones they hire are usually getting WIC, Snap, and Section 8 anyway. So they do not want to work too much to loose their benefits.
I will have to work till 70 to get the full amount of Social Security. Which is still $200 less than if I cold go on Disability right now. I wold receive more money on Disability right now than if I was at the top pay scale where I work. So what is the motivation to want to work? Nothing.
In the event that more people would retire at 62 and take Social Security at that time with Medicare it would open up more jobs. For the younger people that supposes to want jobs.
If the Federal Government can provide health insurance to people that have never paid into Medicare, Social Security or paid taxes, why cannot they make that adjustment?
It should not make the Social Security folks upset because they would be committing to a 33% lower payout. It should not make the medical insurance companies upset because they would have a wave of new customers.
The downside is that those people would be committing themselves to work till death, for the most part. As their Social Security would most likely only cover their rent. So they would still have to work to a certain extent to cover medical co payments and food. So much for the American dreams.
It is a dream alright. But a bad dream. I would however rather work Twenty or so hours part time to get by than fourty. Because I am just wearing down. Work, home, store is about it. I am physically worn out. I started working in 1970. Am are tired.
I just got a bill for $22,000 for surgery that the insurance company approved but is now putting through a hassle to take care of. I won,t make $22,000 this whole year. The system it messed up.
Our lovely President keeping letting outsiders come in and providing refugees with health insurance, housing, cars, cell phones, and jobs. Hillary Clinton will be even worse. She will appeal to the women just to be the first women President. And will cater to the people on entitlements. Keep a good thing going.
As a nation we need to limit entitlements to the people receiving them. One kid only. Period. A working family does not get a raise because they have more kids. They have to bare with it.
Cut the free stuff to President Oboma's personal militia. Get everybody working again.
I do not think that most people my age will make it to the 70 Social Security age. That is the bet. So why not get what you can when you can.
Being off for surgery for eight weeks I figured out it is a lot better not working than working. I started working in 1970 and am getting tired and broke down.
This adjustment to Medicare should happen.
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