Monday, January 3, 2011

Analysis Illustrates Big Gap Between Medicare Taxes and Benefits

Centers for Medicare and Medicaid Services - M...Image via WikipediaBy Ricardo Alonso-Zaldivar

You paid your Medicare taxes all those years and want your money's worth: full benefits after you retire.

Nearly three out of five people said in a recent Associated Press-GfK poll that people who paid into the system deserve their full benefits - no cuts.

But an updated financial analysis shows that the amount workers have paid does not come close to covering the full value of the medical care they can expect to receive as retirees.

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