No. of Recommendations: 6
<< I do wish I could have option to pay a higher premium but gain access to Medicare benefits>>
The government pays 75% of the Medicare premium and Medicare recipients pay the other 25%.
The only reason it is so cheap is that we only pay 25%.
If everybody could get on Medicare ("Medicare For All"), then just where would the money come from to subsidize the 75%?
From Google: On average, the federal government spends $18,900 per beneficiary annually to fund the Medicare program.
If younger people were allowed to buy in the cost per person would go down for everyone.
Something like $15k/person for Medicare level coverage would be quite attractive for us. We would save money over full price ACA insurance.
