By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: A Modern Day Robin Hood Would Roam the Medicare Forest
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > A Modern Day Robin Hood Would Roam the Medicare Forest
Policy & Law

A Modern Day Robin Hood Would Roam the Medicare Forest

DavidEWilliams
DavidEWilliams
Share
2 Min Read
SHARE

Bryan Lawrence lays out the stark truth about Medicare: it’s a massive transfer of wealth from younger to older Americans. A typical American man who retired in 2011 would receive Medicare benefits of $170,000 over his lifetime, whereas he only paid in about $60,000 (adjusted for inflation and interest). Therefore he’s getting about 3x in benefits what he paid. If his spouse didn’t work she’d get about $190,000 in benefits without having paid in anything.

Bryan Lawrence lays out the stark truth about Medicare: it’s a massive transfer of wealth from younger to older Americans. A typical American man who retired in 2011 would receive Medicare benefits of $170,000 over his lifetime, whereas he only paid in about $60,000 (adjusted for inflation and interest). Therefore he’s getting about 3x in benefits what he paid. If his spouse didn’t work she’d get about $190,000 in benefits without having paid in anything. Add it up and there’s a net transfer of $300,000 from young to old.

Imagine the uproar if things were evened out, with oldsters paying the full Medicare premiums themselves, above whatever amount they had contributed. And how about a real reversal where a massive surcharge is placed on the over-65 crowd and transferred to the young through subsidies?

Never gonna’ happen, right? There’s strong support for the Medicare status quo even among so-called conservatives, so that’s probably true. But if folks start spreading the word about how Medicare is bankrupting the country and is totally unfair to youth, there may yet be progress.

More Read

aca supreme court.jpg
Breaking News: Supreme Court Upholds ACA
Mobile Health Around the Globe: US – Aneesh Chopra Talks
Making a Case for Sustainable Health Care
Not Knowing About Comparative Negligence Can Worsen Your Medical Debt
7 Healthcare Cybersecurity Tips To Protect Your Data

As a start, I would suggest a movement to dump Medicare Part D, the fiscally indefensible drug benefit giveaway to seniors.

 


TAGGED:Medicare
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

dental care
Importance of Good Dental Care for Health and Confidence
Dental health Specialties
October 2, 2025
AI in Healthcare
AI in Healthcare: Technology is Transforming the Global Landscape
Global Healthcare Policy & Law Technology
October 1, 2025
Choosing the Right Swimwear for Health and Safety
News
September 30, 2025
sports concussions
Concussion In Sports: How Common They Are And What You Need To Know
Infographics
September 28, 2025

You Might also Like

Smoking and Sudden Cardiac Death: The Time to Quit is NOW!

October 31, 2012

Soaring Medical Costs Pinned on Medical Devices

June 7, 2011

Florida Appeals Court Sets Date for Arguments Surrounding Reform Law’s Constitutionality

April 3, 2011
Policy & Law

Women’s Wellness Provisions Help Survivors of Domestic Violence

October 28, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?