Our Medicare has worked very well for my wife and I here in the USA since we received it when we turned 65..... we are now in our 70's. We paid into it for some 50 years and I still pay for it.
Giordano ...
Very interesting post and insightful.
I just want to make people from other places aware that the "We paid into it for some 50 years" could be misleading to some.
Here in the US, your payroll taxes, medicare taxes and others are not going into some lock boxes with our name on the account like we would do at a bank. All the money ends up in the general fund. We do get some more back, in the case of payroll taxes and Social Security, based on what we have paid in. But in the end, once we pee into the pool, the pee is gone.
But you gave a very interesting perspective on your move to Medicare and the related issues.
Thank you.
Rub a Dub