"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.
That $202,000 gap would have to be financed by higher and higher taxes on fewer and fewer of tomorrow’s workers or by more deficit spending that puts trillions of dollars in debt on the shoulders of our grandchildren.
Clearly, Medicare is not sustainable, especially with more than 70 million Baby Boomers starting to enter the program at the rate of 10,000 a day."
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