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View Diary: Alan Grayson Offers a Progressive Fix for the ACA: Medicare Buy-In (163 comments)

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  •  What would you do to make up the shortfall in (0+ / 0-)

    Part A premiums?

    To my thinking, it is basically a tax and like all taxes, people pay it whether or not they use the service it pays for.

    But if you want it to be insurance, it is like perhaps a term life insurance policy which you do not get any return on if you do not die during the term. Or any other insurance you have which you do not use. You say it is not a policy, but it goes into effect for you if you meet certain criteria. For most people, that is turning 65, but for others, it is having a certain disease or meeting disability requirements.

    This is like all insurance, you do not get a refund if you don't use it. Same with Social Security. That is how insurance works. Everyone pays, some get nothing, some get a decent return on their premiums, and some get a lot. Premiums for everyone would have to be much higher if you gave back the money to those who do not use it.

    What do you think the Medicare portion of the FICA tax would be if those who die before 65 somehow got their money returned (or passed on to their heirs for other parts of Medicare)?

    You can't scare me, I'm sticking to the Union - Woody Guthrie

    by sewaneepat on Sun Dec 01, 2013 at 01:31:00 PM PST

    [ Parent ]

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