Fundamentally like fiat currency we never asked the correct questions re: medicare or health insurance.
Do we want a social care program or an actual “insurance” against catastrophic event. The payment and payout is different.
Insurance only works if premiums into plan plus interest earned by premiums is more than payout. Medicare is a social savings program paid into during your working years and withdrawn as we age. The problem is we generally need more care as we age and the cost is not reflected in the premiums put into system especially with the demographics of the boomers retiring and so to save money this evolves in the name of “insurance”. Grocery insurance doesn’t exist because the expense is expected so it’s not efficient to take money just to give it back although the government is trying.
So many shell games from the govt controlled by elites. Next up FDIC spent so much money to bail out uninsured depositors at SVB. Are we going to bail out FDIC when it fails?
**
So many shell games from the govt controlled by elites. Next up FDIC spent so much money to bail out uninsured depositors at SVB. Are we going to bail out FDIC when it fails?**
Fundamentally like fiat currency we never asked the correct questions re: medicare or health insurance.
Do we want a social care program or an actual “insurance” against catastrophic event. The payment and payout is different.
Insurance only works if premiums into plan plus interest earned by premiums is more than payout. Medicare is a social savings program paid into during your working years and withdrawn as we age. The problem is we generally need more care as we age and the cost is not reflected in the premiums put into system especially with the demographics of the boomers retiring and so to save money this evolves in the name of “insurance”. Grocery insurance doesn’t exist because the expense is expected so it’s not efficient to take money just to give it back although the government is trying.
You summarized it well. It's definitely a scam because they take your money and they gave you peanuts in terms of services. The rest went to Ukraine.
So many shell games from the govt controlled by elites. Next up FDIC spent so much money to bail out uninsured depositors at SVB. Are we going to bail out FDIC when it fails?
** So many shell games from the govt controlled by elites. Next up FDIC spent so much money to bail out uninsured depositors at SVB. Are we going to bail out FDIC when it fails?**
Not if I have a choice. They can go *f themselves