Lawmakers aim to show how Medicare helps Americans

10/19/2011 | Bloomberg

Rep. Jim Cooper, D-Tenn., this year proposed a bill under which annual Medicare benefit statements would be mailed to Americans, and a similar bill was introduced in the Senate this month. The reason: Medicare benefits are one of the best health care deals around and the program is worth shoring up, Cooper said. The average American pays $100,000 in Medicare taxes in his or her lifetime, yet could receive more than $450,000 in benefits, he said.

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