If Bernie Sanders wants to follow Medicare as his model, then the Sanders plan could easily earn another moniker: Benefits for Billionaires. An analysis released by the Congressional Budget Office in August demonstrates how Medicare currently provides significant financial benefits to seniors at all income levels, including the wealthy. The CBO found that at every income level, seniors received more in Medicare benefits than they paid in Medicare taxes. Men in the highest income quintile—the top 20% of income—received a net lifetime benefit from Medicare of nearly $50,000, even after taking into account the Medicare taxes and premiums they paid.
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