In the nineties I was involved with a number of companies that brought Russian technology to the United States to develop businesses. At one point I asked one of the Russian gentlemen what he thought of our country. He said he was particularly taken by our privileged class. When I asked him to clarify the statement, he said, “You know, your teenagers.” He went on to explain how they drive the cars, buy the clothes and the electronic equipment, and they do it all at little to no cost to themselves. However, they are not the only group that has favor in this nation. There are other groups with favor based on age, health, income, net worth, and occupation.
Posts Tagged ‘healthcare’
A Brief Explanation of Medicare
Friday, July 10th, 2009In America today, we have seen a great deal of confusion about healthcare for the elderly. It is my objective to clear up some of the complexities of Medicare, which is simply health care for the elderly or disabled. To qualify for eligibility, you must be over the age of 65, disabled under Social Security for two years, or have end stage renal disease.
Medicare Part A is hospital insurance and pays some of the cost of skilled nursing care, hospice care, and home health care. This coverage costs about $400 each month unless you have paid Medicare taxes for 30 quarters (7½ years). Once these taxes have been paid, there is no monthly cost associated with this coverage. (more…)
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