Good evening. I thought it was interesting that hospitals have a range of departments.
Yes, hospitals have to cover a variety of needs, including for children and the elderly.
I was amazed that Medicare is funded by payroll taxes. I never knew these were taken out into I was older and had studied payroll accounting.
Hmm, so how does Medicare work exactly?
Medicare is an insurance program started under the Social Security Act. The taxses of working Americans go towards funding this until you require. You must work and pay into it for 10 years to draw it.
Oh okay, that makes sense why so many politicians are battling over the coverage of Medicare and the costs of it.
Yes. How do you feel about paying payroll taxes towards Medicare?
I wish it was not as much, but I think it is important to pay a share to be able to get those benefits down the road.
I agree. At least it provides person older than 65 health insurance when they need it the most.
Yes, I know my parents are getting up there in age, and I would want to them to be able to receive those types of benefits.