With the exceptions of Mike Huckabee and Donald Trump, all of the Republican candidates for President want to change Medicare so that it costs you much more, but guarantees profits for campaign-funding insurance companies.
The details are in the Heritage Foundation plan to replace Medicare with a “premium support” plan in which you buy Medicare on the open market and the government reimburses you, based on the lowest price from solicited private bids:
During the first five years of the premium-support program, the government’s contribution is based on the weighted average premium of the regional bids of competing health plans. After the first five years, the government contribution is based on the lowest bid of competing plans in a region.
Last week, I blasted the foundation for its miserable plan for Social Security. Their suggestions for Medicare are just as bad. What would such a plan cost, and what would be its benefits to seniors? An examination of a typical Obamacare plan for a single 64-year-old may reveal some answers.
We couldn’t compare plans for 70 or 85-year-olds, because Obamacare won’t allow them for anyone past their 65th birthday. Since someone in their 90s requires more care than the average 64-year-old, whether Heritage blends rates (one rate for all) or age adjusts like Obamacare, premiums could easily be twice as much. What’s the difference, you might ask, if the government pays all the premium cost? Keep reading and learn why.
The cheapest (Bronze) Obamacare plan in Montgomery County, PA this morning was $533 a month for a single person, or $6,396 a year. Under the Heritage plan for Medicare this seems like a likely low-ball comparison – many co-pays, no dental or hearing aids, etc. In addition, there is a
The Heritage Foundation is the think tank for so-called conservative Republicans, who offer flat tax plans, skeleton government goals and the destruction of Social Security as we know it today.
The current Social Security program is regressive, and pays a lower percentage in retirement pension, the more you contribute. A retiree, who has paid in the maximum amount (on wages less than about $118,000 in current dollars), will contribute three times as much FICA taxes and receive only twice the benefit at retirement. But at least there is some relationship between the amount of taxes paid and the value of benefits received.
Rather than attempting to make the program more fair, the so-called capitalist Heritage think tank has gone completely Communist by urging a Marxist doctrine of “from each according to their earnings to each according to their needs.”
It’s so very wonderful to learn this week that “median household income” in 2014 was $53,657, even if it was down from $57,843 in 1999. You can still buy a nice basket of goodies on $50 grand a year. If only it were true.
Most jobs pay about $31k. Many families have just one parent or one spouse working. Something doesn’t add up. Welcome to the world of making statistics lie to fool the peons into believing serfdom is almost as good as living in a castle.
First, the bad news for the poor. The government is reporting your household income much higher than your wages. You may be earning $20k at a lousy job, but Uncle Sam’s statisticians massage that number upward by adding:
The value of the free lunches your children eat in school.
The estimated net price of the Medicaid and Medicare received for healthcare.
Spam filter on your email server? Think that big internet provider is helping keep away the criminals? Wondering why the federal government has time to look at every email sent every day by every person, but no time to go after the fraud experts preying on the vulnerable citizen?
The answer is that nobody cares except the victims of fraud. If you steal a CD from a store, you can go to jail for years. If you try to steal the life savings of a senior, our politicians turn the other way. I get emails – 50 to 100 a day. Here’s a recent one that smells like danger to me, but maybe not to someone older and less perceptive:
reply to: firstname.lastname@example.org
MESSAGE FROM THE HOSPITAL
My Beloved One,
This is Ms Martha Simon from Estonia writing from the hospital in Ivory Coast; therefore this mail is very urgent to attend. I am dying here in this hospital right now which i don’t know if i will see some days to come.
I was informed by my doctor that i was poisoned and the poison damaged my liver and i can only live for some days.
My Beloved, the reason why i contacted you today is because i know that my step mother wanted to kill me and take my inheritance from my late Father. I have a little adopted child named Andrew C. Mannik that i adopted in this Country when my late Father was alive and $3.5 million Dollars i inherited from my late father. My step mother and her children they are after Andrew right now because they found out that Andrew was aware of the poison and also because i handed the documents of the fund over to him the day my step Mother poisoned my food, for that they do not want Andrew to expose them, so they are doing everything possible to kill him.
My beloved, please i want you to help him out of this country with the money because he is the only one taking care of me here in this hospital right now and even this email you are reading now is the one helping me out. I know that you have adopted Children already, but i believe that when Andrew will stay with you as your Son that you won’t regret having him as your Son because am always proud of him.
I want you to get back to me so that he will give you the documents of the fund and he will direct you to a well known lawyer that i have appointed, the lawyer will assist you to change the documents of the fund to your name to enable the bank transfer the money to you..
This is the favor i need when you have gotten the fund :
(1) Keep 30% of the money for Andrew until he finish his studies to become a man as he has been there for me as my lovely Son and i have promised to support him in life to become a medical Doctor because he always desire for it with the scholarship he had won so far. I want you to take him along with you to your country and establish him as your son.
(2) Give 20% of the money to handicap people and charity organization. The remaining 50% should be yours for your help to Andrew.
Note; This should be a code between you and my son Andrew in this transaction “Hospital” any mail from him, the Lawyer he will direct you to, without this code “Hospital” is not from the Andrew, the Lawyer or myself as i don’t know what will happen to me in the next few hours.
Finally, write me back so that Andrew will send you his pictures to be sure of whom you are dealing with. Andrew is so little therefore guide him. And if i don’t hear from you i will look for another person or any organization.
May Almighty God bless you and use you to accomplish my wish. Pray for me always.
Ms Martha Simon
A 52% increase in Medicare Part B premiums is anticipated next year for about 30% of all participants. Nearly everyone older than 65 is on Medicare, so this huge change will affect 12 million or more Americans.
And it’s all thanks to legislative changes by our politicians, who get virtually free healthcare for life. Most seniors (about 70%) will pay $104.90 a month, or, oddly, $147 monthly just for the first year.
The current Part B premium schedule follows. For those unaware of it, the premiums are based on how much you earn. The more you make in retirement income, the more you pay in premiums. If you make very little you pay no premiums.
If your yearly income in 2013 (for what you pay in 2015) monthly was:
File individual tax return
File joint tax return
File married & separate tax return
$85,000 or less
$170,000 or less
$85,000 or less
above $85,000 up to $107,000
above $170,000 up to $214,000
above $107,000 up to $160,000
above $214,000 up to $320,000
above $160,000 up to $214,000
above $320,000 up to $428,000
above $85,000 up to $129,000
The Medicare monthly premiums above are those without the rate hike.
With the planned 52% rate hike:
$146.90 jumps to $223 monthly, or $2,676 a year.
$209.80 jumps to $318 monthly, or $3,816 a year
$272.70 jumps to $414.20 monthly, or $4,970.40 a year
$335.70 jumps to $509.80 monthly, or $6,117.60 a year.
This is my proposed amendment to The Fair Labor Standards Act of 1938 (FLSA; also referred to as the Wages and Hours Bill), a federal statute of the United States:
In addition to the payment of overtime wages at 1.5 times the normal rate for workers, who exceed eight hours per day or 40 hours a week, the Federal Government shall require employers, who schedule any employee less than 30 hours per week or six hours per day, to pay all such employees at 1.25 times the prevailing rate for the same occupation of said employee, who works more than 30 hours per week. That requirement will extend to all hours worked at an undertime schedule.
This regulation is designed to recognize that such “undertime” employees are burdened with travel to and from their place of employment, often for minimal hours which are not equivalent to the proportional burden on full time employees.
In addition this regulation recognizes that employees who work less than 30 hours per week are generally not entitled by employers to various benefits, such as vacations, sick time or profit-sharing. It would be inequitable to pay them the same wages as full time employees if they receive far fewer benefits of employment.
Finally, this change in the FLSA recognizes that the American way of life depends on adequate employment and compensation of its citizens and that undertime employment creates a deficit in earnings for millions of workers.
Let it be resolved that this amendment be instituted no later than January 1, 2016. The co-sponsors are:
The goal is to get sponsors and public recognition that working 25 hours a week is not okay in America. If employers have to pay more per hour for part-time, they will hire more full-time (less expensive) workers instead. If companies want to juggle hours and shorten the week, they can do it – but they will be the ones to pay for it, not the employees.
UPDATE: 2016 North American Trilateral Commission list now available here.
Have you ever wondered who were the members of the Trilateral Commission, a group which has been in the forefront of world control conspiracy theories for decades? Corporate heads, government officials in trade and commerce, columnists and publishers are included, along with NGO chiefs. One question is whether public acclaim leads to membership in the commission, or does commission membership lead to opportunities unavailable to the average Joe? Regardless of the answer, the commission’s networking possibilities and possible paths to collusion are vast.
Behind the headlines calling for private accounts and trumpeting tax increases and benefits cuts for Social Security recipients, there lurk good intentions, political dogmas, past decisions by committee-think, and grotesque pandering to young and old.
How can this be explained in simplest terms, the media seems to wonder? How can we sell our root philosophy, the politicians ponder? Meanwhile, millions are being spent to “educate” you by calling on your emotions, clouding your reason, and confusing you over what is common sense by turning United States social security benefits and retirement discussion into double-talk and half-truths about voluntary, private accounts, and constant reference to “entitlements,” as though decades 0f contributions to Social Security equal some form of welfare..