Question

Does the intergenerational nature of Medicare (that is, current workers paying the bills for current retirees)...

Does the intergenerational nature of Medicare (that is, current workers paying the bills for current retirees) weaken the value of the program to the current generation, because they will not directly benefit until the future?

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The Medicare program is definitely valuable to the current generation. People are usually advised to save for their future and retirement. So, one should not see the payment that they make for Medicare as a cost, but should see it as a form of saving for their future healthcare needs. In addition, with the healthcare costs increasing everyday, one will be spending much more in the future for receiving the same kind of treatment. Rather than paying these premium prices in the future, it is better to pay now for the Medicare program.

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