Fact Sheet dated January 2017:
Medicare Rights Center came out with some interesting facts regarding Medicare.
- 57 million Americans rely on Medicare for health insurance coverage.1
- More than 95% of Americans consider Medicare an important program.1
- Around 90% of Americans want federal Medicare spending to stay the same or increase.1
- Around 85% of Americans want Medicare to negotiate drug prices.1
- People with Medicare already pay a significant amount toward health care. In 2012, they paid 14% of household expenses toward health care costs, nearly three times as much as those not yet on Medicare.1
- Medicare does a better job of controlling costs than private health plans.1
- Baby Boomers need Medicare to retire.1
- Past proposals to implement premium support would give people with Medicare a voucher or coupon to purchase health coverage, either a private plan or Original Medicare. The value of the voucher is not likely to keep pace with rising health care costs, meaning people with Medicare would pay significantly more.1
- Medicare provides health coverage less expensively than private insurance and has lower administrative expenses than private health plans which, by design, turn a profit.1
- Medicare is not going bankrupt.1
1.Source: http://blog.medicarerights.org/medicare-strong-built-last/ January 2017
http://blog.medicarerights.org/medicare-strong-built-last/
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