Tuesday, August 18, 2009

The cost of Medicare is also ... uninsured children?

Richard Drooling has an amazingly original op-ed in the NYT that includes something to piss off everybody on all sides of the health care debate [that's my standard for an excellent piece of work].

This is the sentence that struck me:

Eight million children have no health insurance, but their parents pay 3 percent of their salaries to Medicare to make sure that seniors get the very best money can buy in prescription drugs for everything from restless leg syndrome to erectile dysfunction, scooters and end-of-life intensive care.

I have to admit that I had never thought of that one. Let's unpack it.

Nearly 22% of non-elderly uninsured families earn more than $40K per year. About 5% of non-elderly uninsured families earn more than $80K per year.

Those families, who cannot afford to pay for their own children to be insured, pay as much as $1,200-$2,400/year in Medicare taxes to provide national health insurance for seniors.

This makes sense, exactly how?

I'm sure someone will be glad to explain it to me, the reason why senior citizens automatically deserve the power of the State to be used to transfer money from families who cannot afford to pay for their own children's health insurance.

Holding breath.


Brian Shields said...

Everyone who is uninsured is paying for the health insurance of seniors. I am paying 3%, My employer is matching my 3%. Making only $18k/year between my employer and myself we are shelling out $1100/year towards Medicare.

My company held health insurance plan, which I cannot afford, costs $220/month, or $2640/year. (My employer pays half of the cost, for what is very good coverage)

If I could opt out of Medicare, and put that money towards my own health insurance plan, I would only have to shell out an additional $30 a week to pay for my company held health insurance plan.

Tyler Nixon said...

Wealth redistribution at its finest.