Currently every Employed American has 1.45% of every dollar earned deducted from their paycheck and that amount is then matched by the Employer. The results are 2.9 cents for every dollar earned payed into the Medicare Fund. In addition to those generated funds, individuals that earned the right to receive Social Security and Medicare are now rewarded by having $96.50 deducted from their Social Security Checks each month to pay for their Medicare Benefits. Medicare like most Insurance Plans has an out-of-pocket deductible and that is currently $250.00 per calendar year.
Are we really supposed to believe that Medicare is the reason the U.S. is in debt?
If so, it's not Medicare that needs an overhaul.
Has this become an issue because beginning in 2013 individuals earning more than $200,000 per year will have to pay 1.9% of their income and that will have to be matched by their employer's?
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