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View Diary: Democrats demand Republicans name the entitlement cuts they want (147 comments)

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  •  Where's Durbin going to get $400 billion? (4+ / 0-)
    Recommended by:
    DSPS owl, PhilJD, Timothy J, whaddaya

    "Sen. Dick Durbin (D-Ill.) told “Morning Joe” on Tuesday that he could see $400 billion in entitlement cuts. That’s the floor...."

    •  From us. (5+ / 0-)

      If the retirement age is raised for medicare, we have to figure out where and how to get insurance. We are then the patsies.

      American Television is a vast sea of stupid. -xxdr zombiexx

      by glitterscale on Thu Nov 29, 2012 at 10:27:33 AM PST

      [ Parent ]

      •  where and how? (2+ / 0-)
        Recommended by:
        whaddaya, SingleVoter

        you'll keep the same insurance you got at 64 through the ACA.

        •  Yes - And You Keep Paying For That ACA Insurance (4+ / 0-)

          (instead of the government picking up the tab for your Medicare). Get it? Glitterscale is correct.

          •  the government doesn't pick up the entire tab (1+ / 0-)
            Recommended by:

            for medicare.  There is a premium, copays, deductibles, just like with ACA.  And with the ACA, there is help paying the premium.

            •  True, but the tab is somewhat lower n/t (1+ / 0-)
              Recommended by:

              American Television is a vast sea of stupid. -xxdr zombiexx

              by glitterscale on Thu Nov 29, 2012 at 11:16:04 AM PST

              [ Parent ]

            •  Not Everyone Would Qualify For Help In Paying The (1+ / 0-)
              Recommended by:

              ACA premium - my understanding is you only qualify if you are under a certain income, or your employer doesn't offer health insurance, etc.  Keeeping Medicare eligibility at age 65 is still a better deal.

              •  the income eligibility (1+ / 0-)
                Recommended by:

                goes up to 400% of federal poverty level.   Plus there are out of pocket spending limits based on income as well.  Until we actually see how the costs compare, it's not clear whether Medicare will always be a better deal.  

                The whole idea behind Medicare is to provide affordable health care to seniors.  As long as that goal is maintained, I personally don't care if medicare is rolled into some other kind of universal medical plan.  And I say this as someone who is eligible for medicare next year.  I do happen to believe that the ACA could serve as a catalyst to that.

              •  The Medicare Part B premium (0+ / 0-)

                is about $100/month or $1200/year.

                For an income of $18,000 at age 64 and using the Kaiser calcultor for Obamacare:

                Projected income in 2014

                $18,0000 156% of poverty

                $10,172 Unsubsidized health insurance premium in 2014 adjusted for age

                (Based on an age factor relative to a 40 year-old of: 2.26)

                4.3% Maximum % of income the person/family has to pay for the premium if eligible for a subsidy

                $773 Actual person/family required premium payment

                 (which equals 4.30% of income and covers 8% of the overall premium)

                $9,398 Government tax credit

                 (which covers 92% of the overall premium)

                Out-of-Pocket Costs

                The maximum out-of-pocket costs the person/family will be responsible for in 2014 (not including the premium) is $2,083.


                Obamacare would be cheaper for most elders (Medicare $1,200/year, Obamacare $773/year typically)  and a better deal for them (and a worse deal for Uncle Sam and the budget hawks).

                Raising the Medicare age (and Obamacare age cutoff)raises the tab for Uncle Sam.

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