Anonymous wrote:As a millennial I'd like to make ss optional so I can stop paying and cash out

"cash out"? It's a pay as you go system-- the most you can do is destroy the social safety net for seniors by ending social security but you are never getting your contributions back.

Don't be a tool and let the right wing propaganda tell you the money isn't there for social security-- it's only not there if they steal it for other things, like tax cuts for the wealthy.

Anonymous wrote:

Anonymous wrote:It's not going to be a good future for the sick, elderly or poor in America. Buckle up your olds.

OP here - lots of MC and UMC folks will be touched by these changes, though most don’t realize it until this comes up for their parents or they are in their 50s/60s, laid off, and can’t land a job with comparable pay - right when they may be putting out money for college, helping their parents, and/or need to be socking money away for retirement.

There are not as many boomers now with LTC insurance (most with no pensions), so nursing home costs will come out of their savings until they’ve blown through them. Gotta imagine there are already GOP MoCs with someone on LTC Medicaid in a nursing home.

I highly doubt that there are MoCs who have parents on LTC Medicaid. If there are, it would be interesting if they came forward and talked about that experience in public.

The plans discussed are to stop reimbursing Medicaid expenses for states, so there will still be Medicaid but it will look different. Each state may do it differently to stay within budget. Work requirements, other hoops to jump through. They claim they don’t touch Medicare or SS. I suspect they will try to clean up SSD, kicking people more off as they started to in the past few years.

Thanks get rid of this , tired for the boomers

They definitely going to crush medicaid-- they need $5 trillion to pay for their tax cuts for the wealthy and while they won't find all of that they need to find enough to keep the bond markets happy or they will see crazy high interest rates, like the UK when they had Liz Truss trying to do supply side economics.

Probably they will try to get a trillion out of Medicaid and another $500 billion out of medicare, making it less and less useful to anyone.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As a millennial I'd like to make ss optional so I can stop paying and cash out

You've already used the benefits of SS, so you can't cash out. SS is covering you now in case you become disabled or if you have a disabled child. As a millennial you should know that.

Lol no thanks didn't need it I have my own insurance

But you’d lose that if you became disabled.

Yep all gone next week.

Buckle up we just lost everything people

Next up disease as well

Too soon.

It would be like putting up an "L" sign on their forehead towards some of the people who got them elected.

They will screw them over, but a little away from the election so that their voters don't put 2 and 2 together

My mother has enough money to probably for 3-4 years of memory care. Fingers crossed, a new, kinder administration will be sworn in by the time she runs out of money.

Anonymous wrote:

Anonymous wrote:As a millennial I'd like to make ss optional so I can stop paying and cash out

You've already used the benefits of SS, so you can't cash out. SS is covering you now in case you become disabled or if you have a disabled child. As a millennial you should know that.

Lol no thanks didn't need it I have my own insurance

Anonymous wrote:It's not going to be a good future for the sick, elderly or poor in America. Buckle up your olds.

OP here - lots of MC and UMC folks will be touched by these changes, though most don’t realize it until this comes up for their parents or they are in their 50s/60s, laid off, and can’t land a job with comparable pay - right when they may be putting out money for college, helping their parents, and/or need to be socking money away for retirement.

There are not as many boomers now with LTC insurance (most with no pensions), so nursing home costs will come out of their savings until they’ve blown through them. Gotta imagine there are already GOP MoCs with someone on LTC Medicaid in a nursing home.

Anonymous wrote:As a millennial I'd like to make ss optional so I can stop paying and cash out

You've already used the benefits of SS, so you can't cash out. SS is covering you now in case you become disabled or if you have a disabled child. As a millennial you should know that.

It's not going to be a good future for the sick, elderly or poor in America. Buckle up your olds.

As a millennial I'd like to make ss optional so I can stop paying and cash out

My guesses:

Raising age of Social Security, which is effectively a benefit cut. Will also be punitive for older workers who have been laid off and are not having success in landing a new job. I know a number of people who have had to tap their SS benefits in order to keep afloat.

Guessing folks will be thrown off Medicaid and that qualifying for LTC will become near impossible for an applicant to meet and that states will not have enough funds for everyone who does qualify.

Also think Medicare will be privatized and access to Medicare will become greatly restricted through denials, etc.

Will help free up money for tax cuts for HNW households. All three of the above will hit MC and UMC families as well as working ones.