The oldest of us Baby Boomers are in the catbird seat, receiving Medicare. The youngest among us probably can safely assume that Medicare will still exist when they are age 65. Meanwhile members of Generation X and Millennial are facing being hammered by skyrocketing increases in their monthly premium if they are not covered by their employers' group policies. Let the war escalate between Baby Boomers and the generations which followed us into an economy of scarcity.
THE NEW YORK TIMES reports that in states like Ohio and Florida, health insurers have been able to get 20% increases in what they can bill for coverage. In California, some insurers are asking for increases in the ballpark of 30%. As a result, those buying health insurance are having sticker shock when they see that monthly premium going up a few to several hundred dollars.
Before I was eligible for Medicare, the only health insurance coverage I could afford had a $3,500 deductible. And I was only able to secure access to that through a trade association for freelance writers. At the time, yes, I felt enormous hostility toward members of the Silent Generation who were already covered by Medicare.
Last night in the senior citizen complex where I reside, the security guard, a member of Generation X, said he felt blessed to have his employer provide medical insurance and didn't expect Medicare to be around when he hit my age. He is 48.