Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Coffee Shop
Health care/Medicare?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Anonymous" data-source="post: 1396949"><p>In my opinion, there is almost no way of predicting what future healthcare or insurance cost will be. What will your dollars be worth? With the Federal debt steady increasing and more people on social programs, more dollars will be created by The Federal Reserve to pay for these programs...making products and services more and more expensive. What cost x today could very well cost xxxx in 10 years. I'm sure most retirees receive more Social Security and Medicare benefits in dollars than they ever paid in. But the question is, What was the value of dollars paid in back then vs value of dollars in benefits at the time received? In 1970, the average yearly income was $7700. In 2010 it was $48,000. Currency inflation. A dollar in 1912 would buy the same thing it would in 1889. The Federal Reserve was created in 1913 and look what has happened the last 100 years. I think you'ld need a crystal ball to answer the question .</p></blockquote><p></p>
[QUOTE="Anonymous, post: 1396949"] In my opinion, there is almost no way of predicting what future healthcare or insurance cost will be. What will your dollars be worth? With the Federal debt steady increasing and more people on social programs, more dollars will be created by The Federal Reserve to pay for these programs...making products and services more and more expensive. What cost x today could very well cost xxxx in 10 years. I'm sure most retirees receive more Social Security and Medicare benefits in dollars than they ever paid in. But the question is, What was the value of dollars paid in back then vs value of dollars in benefits at the time received? In 1970, the average yearly income was $7700. In 2010 it was $48,000. Currency inflation. A dollar in 1912 would buy the same thing it would in 1889. The Federal Reserve was created in 1913 and look what has happened the last 100 years. I think you'ld need a crystal ball to answer the question . [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Coffee Shop
Health care/Medicare?
Top