General Discussion

CousinIT

(10,485 posts)

132. This could be. Medicare and Soc Security will be unable to pay full benefits soon.

Mon Nov 11, 2024, 12:57 PM

Nov 11

Medicare sooner than SS. SS benefits will be cut by about 33% around 2030 or 2031. Medicare before that—and I don't know how much—won't be able to cover everything.

Remember that Medicare was created because private insurance didn't want to insure old, sick people. It was too expensive. They didn't have the funding base to cover the expense, but the federal government could via dedicated taxes.

Once again, I think private insurance is not going to want to cover sick and old people 100%. It is too expensive. But gov't may cover SOME of the cost with private insurance covering the rest.

I'd expect coverage to be reduced and insurance costs to be MUCH higher.

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When congress tries to cut Social Security [View all] videohead5 Nov 7 OP

Meanwhile hubby and i will each lose 1 third of our social security making us homeless at 75years old Trueblue1968 Nov 7 #1

Worse enid602 Nov 7 #11

why are you losing 1/3 Tickle Nov 8 #86

The number I hear going around is a 30% reduction in SS. Intractable Nov 8 #108

What are you going to do if they don't? hamsterjill Nov 9 #116

They do not give a fuck Aviation Pro Nov 7 #2

Yeah, they have been gunning for SS since the early 90s Cosmocat Nov 8 #87

Actually, we shouldn't fight it Aviation Pro Nov 8 #89

I agree the sentiment generally Cosmocat Nov 8 #90

I'm willing to let drmeow Nov 8 #98

They won't care. Island Blue Nov 7 #3

That is true, but it was also a mistake to rely on a Supreme Court Decision from 1970s Silent Type Nov 7 #5

True. Island Blue Nov 7 #7

Sadly, the votes were never there GoreWon2000 Nov 7 #14

Ironically kwolf68 Nov 7 #25

I totally agree GoreWon2000 Nov 7 #27

I heard that Thomas and Tickle Nov 7 #50

Seems to be the plan La Coliniere Nov 7 #77

They probably will. GoreWon2000 Nov 9 #112

Agreed. GoreWon2000 Nov 9 #113

Shoulda coulda woulda..... LakeArenal Nov 7 #80

Remember folks said that about Roe v wade ? nini Nov 7 #4

That was SCOTUS videohead5 Nov 7 #8

True but it's an indication of where all of this is going nini Nov 7 #13

Not really. They are directly accountable to their constituents. n/t valleyrogue Nov 7 #22

Like You Said, Not Directly SoCalDavidS Nov 8 #102

Most of the state ballot measures actually have passed GoreWon2000 Nov 7 #16

All across the country there are examples moniss Nov 7 #59

The state ballot measures will get wiped out at the federal level GoreWon2000 Nov 9 #111

Quite possibly but I mention the state moniss Nov 9 #115

Dem state attorney generals GoreWon2000 Nov 10 #117

Yes indeed and that is important but moniss Nov 10 #118

The dem attorney generals will fight such anti-democracy shenanigans GoreWon2000 Nov 10 #121

Yes but the point being they delay moniss Nov 11 #122

Hopefully the pro choice measures are on stronger legal ground GoreWon2000 Nov 11 #123

All such fights end with who? Yavin4 Nov 11 #127

My hunch is the country won't take it very well. GoreWon2000 Nov 11 #129

Those congress people videohead5 Nov 7 #6

Eloon will sell us his expected pain. bucolic_frolic Nov 7 #9

Eloon will fail. n/t valleyrogue Nov 7 #23

I thought this issue should have been featured as THE Project 2025 issue - Earthrise Nov 7 #10

AARP whitewashed Trump just like the Main$tream media and Big $ocial Media. Tommymac Nov 7 #29

If they hold to their plans, then yes we will misanthrope Nov 7 #46

A lot of families will have to, maybe, make room for their elderly ........................ Lovie777 Nov 7 #12

deleted snpsmom Nov 7 #35

I'm already there Lifeafter70 Nov 7 #81

Military pensions might be sacrosanct. Frank D. Lincoln Nov 7 #82

Military pensions might be qazplm135 Nov 11 #130

That's awful. I hope things work out for you. Frank D. Lincoln Nov 11 #133

My parents are both MAGA NickB79 Nov 9 #110

Making the unthinkable thinkable is the goal lostnfound Nov 7 #15

No, they won't. These pols will never be elected ever again. n/t valleyrogue Nov 7 #24

What election? k55f5r Nov 7 #84

THEY DON'T GIVE A FUCK WHAT WE THE PEOPLE THINK Skittles Nov 7 #17

Is raising the age from 62 ot 63.5 for those born after 1990... really a cut? WarGamer Nov 7 #18

ANY time the retirement age is raised Skittles Nov 7 #33

Cuts for people born after 1990 only results in cuts for people born after 1990. Mariana Nov 7 #36

yeah OK Skittles Nov 7 #38

None of that is about people who are already receiving benefits. Mariana Nov 7 #55

like I have said Skittles Nov 7 #72

for all? I'm eligible in a couple years... how will my son taking SS 18 months later in 2060 affect my benefit? WarGamer Nov 7 #39

I like to think we care more than just about ourselves Skittles Nov 7 #41

The older Trump voters will probably jump up and down with glee Mariana Nov 7 #57

I do get the feeling Dem4life1234 Nov 7 #75

They hate everyone, reflecting Trump's sadism Captain Zero Nov 7 #79

You're rIght. It won't affect your benefits at all. Mariana Nov 7 #56

Raising the retirement age does not have any affect, PoindexterOglethorpe Nov 7 #62

Calculate how much more you will receive by colorado_ufo Nov 7 #63

Most people will live a lot longer than they expect. PoindexterOglethorpe Nov 7 #73

I've done the calculations Jimbo S Nov 8 #92

And remain in good health. colorado_ufo Nov 8 #93

This is where my hubby and I are at... Farmgirl1961 Nov 8 #101

Until something live covid comes along. n/t Yavin4 Nov 11 #128

Of course.. Happy Hoosier Nov 10 #120

They denied this over and over again during the campaign. Their supporters believed them. There will be protests Jmb 4 Harris-Walz Nov 7 #19

You don't understand. The 2026 election will not be FAIR. Tommymac Nov 7 #31

it is very disturbing that even some DUers don't get this Skittles Nov 7 #43

Quite correct misanthrope Nov 7 #49

This is the truth. Read it and weep, people. defacto7 Nov 7 #68

I agree. And call me a tin foil hat wearer... Farmgirl1961 Nov 8 #103

deleted snpsmom Nov 7 #37

Their own supporters rely on SS and Medicare, too geniph Nov 7 #20

Arizona and Florida also, with huge numbers of retirees. n/t valleyrogue Nov 7 #26

once again Skittles Nov 7 #44

They will when the guillotines come out geniph Nov 7 #51

This is a different century defacto7 Nov 7 #70

How do you register to vote without an address? misanthrope Nov 7 #52

They voted for it in the red states JustAnotherGen Nov 7 #69

Just in case one needs this dweller Nov 8 #106

In the end, they won't touch it. They know better. n/t valleyrogue Nov 7 #21

I don't think they know better. I don't think they know anything. hatrack Nov 7 #30

America knew what we were voting for world wide wally Nov 8 #94

you really do not get it Skittles Nov 7 #48

Just like Roe. Scrivener7 Nov 7 #54

The America we knew is gone JustAnotherGen Nov 7 #71

The GQP takes away healthcare, Social Security ....................... Lovie777 Nov 7 #28

they don't care about voting Skittles Nov 7 #45

They will work everything at once so it is hard to focus resistance JCMach1 Nov 7 #32

They won't "cut" Social Security Metaphorical Nov 7 #34

This seems more realistic that they are going to try to privatize SSN and sell it Jspur Nov 7 #40

BINGO Skittles Nov 7 #47

EXACTLY Raven123 Nov 7 #58

Any timeline speculation on the cratering? moonscape Nov 8 #95

Gut Feel Metaphorical Nov 8 #97

The will just say "Sorry no money left for that" after sending a few billion to Israel and Putin to help bail them out LiberalArkie Nov 7 #42

Republicans will privatize Social Security and Medicare dlk Nov 7 #53

I would like to take a moment Mr.Bee Nov 7 #60

Project 2025 dweller Nov 8 #104

They said the same thing about abortion Fearless Nov 7 #61

They won't do it directly. progressoid Nov 7 #64

With all three branches of government, they think Emile Nov 7 #66

And remind those FUCKING BASTARDS that it is OUR MONEY!! OURS!!! niyad Nov 7 #65

Things are different now. patphil Nov 7 #67

Social Security, Medicare, ACA...all are popular among all voters Tribetime Nov 7 #74

So are veteran's disability benefits qazplm135 Nov 7 #78

They haven't cared yet. Faux pas Nov 7 #76

Once they make it so voting doesn't matter anymore though Diraven Nov 7 #83

Inflation and Bidenomics greymattermom Nov 8 #85

I think they bank on Americans being docile weaklings Dem4life1234 Nov 8 #88

If they try--- I hope it burns up more than their phones. Jack Valentino Nov 8 #91

They will do it like they tried to do it last time, by going after the FICA tax travelingthrulife Nov 8 #96

Look, Musk needs another tax cut. Yavin4 Nov 8 #99

They have a mandate. Besides, their propaganda machine Emile Nov 8 #100

And? Miguelito Loveless Nov 8 #105

We need to all scream bloody murder. raccoon Nov 8 #107

They intend to crash the economy first, to make the unthinkable thinkable. Nt lostnfound Nov 9 #109

Trump is copying Herbert Hoover to a tee. Hoover Emile Nov 9 #114

I'm about 8 years from retiring... Happy Hoosier Nov 10 #119

They have no plans to cut SSA. Jacson6 Nov 11 #124

This could be. Medicare and Soc Security will be unable to pay full benefits soon. CousinIT Nov 11 #132

This will be the eye opener for the republican base. republianmushroom Nov 11 #125

They launched a violent attack on the US capitol in broad daylight. Yavin4 Nov 11 #126

One of Rebl2 Nov 11 #131

That was then. This is now. -misanthroptimist Nov 11 #134