Medicare was created because seniors couldn't buy health insurance; it cost them 3 times as much as young people were paying to get any kind of coverage. Roughly 46% of a person's lifetime medical costs are incurred after the age of 65. Somehow we are supporting that with a 2.9% income tax, that we split with our employer.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1361028/
Once more for the people wondering where the UHC money will come from: We are already paying half our own lifetime medical costs with a 2.9% income tax.
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