Policy Documents

Not Reforming Medicare Is Not an Option

Grace-Marie Turner –
August 14, 2012

In this commentary that also appread at National Reivew's The Corner, grace Turner opines that, 

To those who insist that they’ve “paid for” their Medicare benefits and dare politicians to change the program, consider this: A typical couple retiring last year, with both spouses having worked and paid taxes their whole careers, would have paid a total of $149,000 in Medicare taxes. But they are expected to consume an average of $351,000 in medical services in their retirement years (in constant dollars), according to a study from the Urban Institute.