Privatize Social Security

[chuckpeterson]

Privatize Social Security

The Social Security program provides workers and their families with retirement, disability, and survivors insurance benefits. Workers earn these benefits by paying into the system during their working years. Over the program’s 83-year history, it has collected roughly $20.9 trillion and paid out $18.0 trillion, leaving asset reserves of $2.9 trillion at the end of 2017 in its two trust funds.

With assets of $2.9 trillion, who wouldn’t want to be the owner--?

I am sure Trump's minions would like a slice of the pie !!

I cannot speak for anyone else but I am getting $2,067.00 a month from SS. This pays my mortgage and a few of my other monthly bills. If it wasn’t for SS I would have lost my home and no telling what would have come of me. Maybe I would be holding a sign at a street corner asking for help?

You are welcome to badmouth SS but when you turn 67 your tune will change.

A SUMMARY OF THE 2018 ANNUAL SOCIAL SECURITYAND MEDICARE TRUST FUND REPORTS. In 2017, Social Security's reserves increased by $44 billion to reach $2.9 trillion by the year's end. ... The projected depletion date for the combined OASDI funds 1 remains 2034, as reported last year.

I am sure Trump's minions would like a slice of the pie !!

DO NOT PRIVATIZE SOCIAL SECURITY!!!!

 

[Hazelelponi]

The younger generation won't have social security to fall back on if we dont do something. Between the rising cost of health care as well as end of life care, if the government keeps the fund as is, it will be bankrupt before our children or grandchildren retire.

 

[chuckpeterson]

Between the rising cost of health care as well as end of life care,

I'm 67. To get my drivers licence renewed I had to get a doctor sign off on my health. My doctor refused to sign off until I had my heart examined. I went to the hospital and got my heart scanned. The medical process took 6 hours at the hospital.

Medicare paid 100% of the bill.

 

[Hazelelponi]

I'm 67. To get my drivers licence renewed I had to get a doctor sign off on my health. My doctor refused to sign off until I had my heart examined. I went to the hospital and got my heart scanned. The medical process took 6 hours at the hospital.

Medicare paid 100% of the bill.

I dont think you understood my point. When a recipient is covered by Medicare, the government pays the costs that were incured.

Those payments to cover the cost, comes out of the main SS fund, and the higher the costs of health care and the more people draw from it, the further that fund gets depleted to the point there isn't going to be any money left in that fund for our children or grandchildren.

It's going bankrupt.

 

[chuckpeterson]

Medicare, the government pays the costs that were incured

The last time I looked, medicare payments were deducted from my pay check.

 

[Sparagmos]

The younger generation won't have social security to fall back on if we dont do something. Between the rising cost of health care as well as end of life care, if the government keeps the fund as is, it will be bankrupt before our children or grandchildren retire.

Why would the rising cost of healthcare cause social security to go bankrupt? Honest question, as I may just not be aware of some way the two are tied.

 

[Hank77]

I dont think you understood my point. When a recipient is covered by Medicare, the government pays the costs that were incured.

Those payments to cover the cost, comes out of the main SS fund, and the higher the costs of health care and the more people draw from it, the further that fund gets depleted to the point there isn't going to be any money left in that fund for our children or grandchildren.

It's going bankrupt.

The last time I looked, medicare payments were deducted from my pay check.

Medicare has a trust fund.
Medicare premiums are also taken from monthly SS checks. My spouse and I pay about $300 a month for Medicare part B and A is covered by what we paid through the years we worked. We pay co-pays on almost everything. Our prescriptions and medical devices are not covered.

 

[chuckpeterson]

I believe prescription drug costs is the real rip off to us consumers.

I hope the House looks into this and forces more competition to drive down costs and look into reasons doctor's prescribe some medications that are not needed.

 

[Hazelelponi]

Medicare has a trust fund.
Medicare premiums are also taken from monthly SS checks. My spouse and I pay about $300 a month for Medicare part B and A is covered by what we paid through the years we worked. We pay co-pays on almost everything. Our prescriptions and medical devices are not covered.

Just one MRI can run 5 grand, xrays are almost a thousand. Many prescriptions run 200 dollars or more for a 30 day supply. Lab work runs around 500. A trip to the pain clinic for me is over 3,000 for the hospital alone because the injections they give me have to be done under xray so they can navigate the needle to exactly the right spot.

Any time spent in the hospital is thousands upon thousands of dollars... we took my husband to the ER recently and just the doctor bill alone was over 3,500.00 and they didn't do anything but refer him to a specialist.

People don't pay attention to what medical is costing when they have insurance, but 300 dollars a month with a copay hardly covers anything.. one trip to the doctor needing any testing at all can wipe out a year's worth of payments, and then some without blinking an eye.

End of life care is far far far worse when your looking at multiple surgeries, lengthy hospital stays, cancer treatment... end of life care (healthcare during the last year of life) accounts for the majority of all medical costs in the United States, and its not getting any better.

My daughters end of life care was in the millions. they did surgery after surgery and one cancer treatment after the other with her before she succumbed.

300 a month doesn't touch it these days, not even close. These funds are running out of money, we are unable as a nation at the current tax rates to keep it funded enough to cover the expenditures. Social Security is going bankrupt. If we don't do something it won't be there in the future.

 

[chuckpeterson]

Any time spent in the hospital is thousands upon thousands of dollars... we took my husband to the ER recently and just the doctor bill alone was over 3,500.00 and they didn't do anything but refer him to a specialist.

A few years ago, I drove to my local hospital because I felt a pain and went to the emergency room. The hospital implanted a stent in one of my arteries the same day. I paid “zero”; Medicare paid 100% of the bill

Last month I went to renew my driver’s license and the drivers license department required me to get my doctor to sign a statement that I was healthy enough to drive a car. My doctor refused to do so unless I get my heart looked at.

I went to the emergency room at the same hospital and told my story. From there they sent me to a special ward in the hospital where the scanned my heat and took a few other tests. The then sent a report to my personal doctor.

Medicare paid 100% of the cost.
the above is the truth, nothing but the truth so help me God

btw: I'm 67 years old -

 

[Hazelelponi]

Im glad your doing well now..

 

[chuckpeterson]

Im glad your doing well now..

Thanks,

My doctor hasn't told me the results yet & I still have an out of date drivers licence.

Still, Thanks -

 

[Hazelelponi]

Thanks,

My doctor hasn't told me the results yet & I still have an out of date drivers licence.

Still, Thanks -

ahh.. I will keep you in my prayers then. Hopefully you'll get your driver's license back soon! It's no fun having to jump through hoops..

 

[chuckpeterson]

ahh.. I will keep you in my prayers then.

The hospital could not tell me the results but one doctor there told me that my heart has an extra beat between beats. He showed me the graph and pointed out the extra beat.
I guess that means I am getting great blood flow?

-

 

[Hazelelponi]

The hospital could not tell me the results but one doctor there told me that my heart has an extra beat between beats. He showed me the graph and pointed out the extra beat.
I guess that means I am getting great blood flow?

-

Oh wow.. I wonder what that means. When's your next doctors appointment?

 

[chuckpeterson]

Oh wow.. I wonder what that means. When's your next doctors appointment?

Today I called my doctor and asked about the report. My doctor told me that he had not received it yet. I then called the hospital and asked them why they had not sent the report. They said they did not know where to send it. I told them where and they said ok. My guess is my doctor got the report sometime today.
I will call him on Monday.
-

this forum is about medicare etc.
lets get back on topic ok?
-

 

[Hazelelponi]

Today I called my doctor and asked about the report. My doctor told me that he had not received it yet. I then called the hospital and asked them why they had not sent the report. They said they did not know where to send it. I told them where and they said ok. My guess is my doctor got the report sometime today.
I will call him on Monday.
-

this forum is about medicare etc.
lets get back on topic ok?
-

I'm good with back on topic. . but do tell me when you find out what the doctor says..

 

[chuckpeterson]

will do if I am around to do so

I wish everyone here a great day and beyond

must go -

 

[The Barbarian]

"Privatize Social Security."

Because privatizing Medicare worked so well...

How Medicare Advantage plans hurt seniors
How Medicare Advantage plans hurt seniors? - Home of Seniors