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
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    All-On-4 Dental Implant Surgery: A Guide to the Recovery Process
    All-On-4 Dental Implant Surgery: A Guide to the Recovery Process
    March 22, 2023
    scaling a pharmaceutical product
    Important Steps to Take for Scaling A Biopharma Product
    May 2, 2023
    Liposuction
    The Science Behind Liposuction: How It Works to Sculpt Your Body
    August 23, 2023
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Nursing Shortage Cheerleaders: There You Go Again
    March 22, 2012
    Myth Busters #9: Hysteria Over the Uninsured
    September 27, 2011
    What Causes Inflammation? A Comprehensive Look At The Causes and Effects Of Inflammation (part 3)
    April 10, 2012
    Latest News
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
    Strengthening Healthcare Systems Through Clinical and Administrative Career Development
    June 13, 2025
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
    The Critical Role of Healthcare in Personal Injury Recovery: A Comprehensive Guide for Victims
    May 14, 2025
  • 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
Last updated: June 1, 2012 10:32 am
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

Content Marketing Can Engage Healthcare Consumers
Free Clinics Turning Away Patients
Is Your Doctor a God or a Guide?
How Do You Talk About Cancer?
If Social Security is a Ponzi Scheme, What is the Medicare Part D Drug Benefit?

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

healthcare facilities
Preventing Contamination In Healthcare Facilities Starts With Hygiene
Global Healthcare Infographics
June 15, 2025
from gut to glow
From Plate to Wellness: How Everyday Foods Nourish Your Body Inside and Out
Dental health Infographics Specialties
June 15, 2025
beyond nutrition
Beyond Nutrition: Everyday Foods That Support Whole-Body Health
Health Infographics
June 15, 2025
Transcranial Magnetic Stimulation (TMS) Therapy
How TMS Therapy Helps with Treatment-Resistant Mental Illness
Mental Health Therapies
June 13, 2025

You Might also Like

King v. Burwell: A Frivolous Lawsuit

June 29, 2015
Health careHospital Administration

Requirements To Get In Partial Hospitalization Programs

March 7, 2024
Leah Binder
BusinessFinanceHospital AdministrationPublic Health

New Era of Healthcare: Transparency, Candor and Pointed Questions

May 14, 2014
Health careSkin

The Best Tips For Treating Your Skin During All Decades Of Your Life

August 28, 2019
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?