If you want to know what is wrong with Medicare funding

read this history:

Early Rates
In the 1960s, the number of retirees and the cost of health care rose rapidly. Congress raised the Medicare payroll tax to 0.5 percent in 1967 and to 0.6 percent in 1968 to keep up with increasing costs. In 1973, Medicare payroll deductions rose to 1.0 percent of total earnings. The rate dropped to 0.9 percent in 1974. Medicare tax was raised again to 1.0 percent in 1978. Congress once more increased payroll deductions in 1979, this time to 1.05 percent.

Changes in the 1980s
The Medicare payroll tax reached 1.3 percent in 1981. Another change was introduced in 1984. From 1966 through 1983, self-employed persons paid the same rate as employees, but with no matching employer contribution. In 1984, self-employed individuals began to pay twice the Medicare payroll deduction rate as employed persons, thereby making up for the missing employer contribution. Congress raised the Medicare payroll tax to 1.35 percent in 1985 and to 1.45 percent in 1986.

2011 Rates
After 1986, Congress made no more changes in Medicare payroll deductions.

Note: There is no income cap for paying into Medicare.

Its been 25 years since the rates were increased. So, increase the rates and allow bulk buying for drugs.

It posted in General Discussion but not on Latest Discussion Threads.