What Do You Love About Medicare? What Would You Change?
With approximately 10,000 baby boomers turning 65 every single day, Medicare is facing an uncertain future.
Will the country be able to continue to run the program as the ratio of workers to non-workers decreases?
Will the government be forced to increase out-of-pocket expenses or reduce benefits in order to keep the program running?
These are just a few of the questions facing our generation in the years ahead.
Medicare is Untouchable… Until it Breaks!
On the other hand, the idea of terminating the contract between society and its elderly citizens seems impossible to imagine. On an emotional level, no-one wants to see grandma struggling to get her necessary heart medication. On a practical level, older adults are among the most powerful voter blocks in the country.
Taking away our Medicare benefits would be political suicide.
When it Comes to Medicare, Something Has to Give
So, we are at something of an impasse. On the positive side, Medicare has been successful at protecting the most vulnerable among us from devastating medical costs.
On the negative side, the cost of treating each Medicare patient have been increasing… while, at the same time, the number of participants has also been climbing. In addition, even though some would argue that Medicare provides generous benefits, out-of-pocket expenses for participants have never been higher.
Simply put, something needs to give. And, at this point, it is not clear what that something should be.
What Do You Love (and Hate) About Medicare?
So, since the women in our community are exactly the ones who are most likely to use Medicare, I wanted to open this discussion up to you.
First, I’d love to hear what you think is working well when it comes to Medicare. Then, I would like to hear what you would like to see fixed. Finally, I would love to know how you think we can sustain the program in the future, given the pressures that Medicare is facing.
What do you currently like about Medicare? Has it made a positive difference in your life? What would you change about Medicare and why? Would you like to see certain benefits expanded or improved? What do you think can and should be done to improve the long-term viability of the Medicare program? Let’s have a chat!