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To: bart13 who wrote (88964)4/10/2012 10:49:34 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 218631
 
I was very careful not to use that word :O)



To: bart13 who wrote (88964)4/11/2012 8:17:09 AM
From: elmatador1 Recommendation  Read Replies (1) | Respond to of 218631
 
Whatever goes into the fund today, is immediately spent into someone who -in the past- paid into that fund.

You pay on until, at some point in the future, you start withdrawing from the fund.

That if there is someone paying into the fund at the present time.

If there is less people paying into the fund, then there is less to withdrawn than it was promised at the beginning.

Thi is how it works for pensions.



To: bart13 who wrote (88964)4/11/2012 8:26:51 AM
From: elmatador  Read Replies (1) | Respond to of 218631
 
If most employees, employers, and people who are self-employed contribute to a trust fund and the proceeds cover the costs of health.

What are the Medicare Trust Funds?
Medicare is paid for through two trust fund accounts held by the U.S. Treasury. These funds can only be used for Medicare.

1. Hospital Insurance (HI) Trust Fund
What does it pay for?
¦¦Medicare Part A (Hospital Insurance) benefits, such as inpatient hospital care, skilled nursing facility care,
home health care, and hospice care

¦¦Medicare Program administration, such as costs for paying benefits, collecting Medicare taxes, and combating fraud and abuse

How is it funded?
¦¦Payroll taxes paid by most employees, employers,
and people who are self-employed

¦¦Other sources, such as income taxes paid on Social Security benefits, interest earned on the trust fund investments, and Part A premiums from people who aren’t eligible for premium-free Part A



To: bart13 who wrote (88964)4/11/2012 9:29:45 AM
From: Amelia Carhartt1 Recommendation  Read Replies (2) | Respond to of 218631
 
So is "work".