Social Security

Social Security recipients cannot opt out of Medicare, appeals court rules

February 09, 2012

Senior citizens who receive Social Security benefits cannot opt out of Medicare and rely solely on private insurance, a federal appeals court ruled Tuesday.
 

Americans' lifespan shorter than previously thought, study finds

February 07, 2012

A group of researchers has developed a more accurate way of calculating mortality rates of the oldest Americans, which might lead to more realistic cost projections for Social Security and Medicare.
 

Bill reducing Medicaid eligibility passes in House

October 31, 2011

The House passed a bill (H.R. 2576) last week that would count Social Security as income in determining eligibility for Medicaid and federal subsidies for health insurance exchanges, starting in 2014.
 

Because We The People demand it!

October 07, 2011

Patrick Henry once said, "The Constitution is not an instrument for the government to restrain the people; it is an instrument for the people to restrain the government — lest it come to dominate our lives and interests." Wow, how timely.
 

Medicaid eligibility limits gaining momentum as a way to cut spending

July 27, 2011

As federal deficit-reduction talks continue, lawmakers from both sides are proposing legislation to tighten Medicaid eligibility rules. The legislators' collective goal is to trim program outlays by more than $13 billion. Not surprisingly, many providers are expressing concern over possible reductions in their largest funding source.
 

Medicare fund will be depleted by 2024, report finds

May 16, 2011

The annual Medicare Trustees report found that under current conditions, the Medicare hospital insurance trust fund will be exhausted by 2024, largely due to the bad economy. The same report, which was released Friday, projected that the Social Security trust fund also will be depleted by 2036, a year sooner than what was predicted last year.
 

Many Americans understand importance of long-term care planning but don't act on it, study finds

January 11, 2011

Sixty-five percent of Americans know that long-term care planning is an important, cost-saving action. But only 44% of them have started taking any steps to prepare for unanticipated costs, according to a new consumer study from Lincoln Financial.
 

More than 10% of GDP will be spent on Medicare by 2083, new analysis finds

May 20, 2010

Medicare increasingly will become more expensive, and eventually surpass the cost of Social Security, according to a new report from the boards of trustees for Medicare and Social Security.
 

New Medicare payment board to play role in lowering deficit, Orszag says

April 12, 2010

An Independent Payment Advisory Board (IPAB) established under the healthcare reform act will help to ensure the nation's future fiscal health, Office of Management and Budget Director Peter Orszag said Thursday.
 

Bernanke: Medicare, Social Security could be casualties of mounting deficit

April 09, 2010

The growing deficit could force the federal government to raise taxes or change entitlement programs, such as Medicare and Social Security, Federal Reserve Chairman Ben S. Bernanke said this week.
 

Seniors who work longer could be helping to save Medicare, Social Security

April 08, 2010

The growing number of Americans who decide to delay retirement could take some of the financial burden off the two programs, an analysis by a research organization finds.
 

Release of annual Medicare report delayed to calculate effects of reform

April 07, 2010

Publication of the annual report detailing the financial health of the Medicare and Social Security programs will be three months later than usual to determine the effect of the healthcare reform law on those programs, according to news reports.
 

Senior advocacy groups call for rights, protections for LGBT seniors

March 18, 2010

State and federal lawmakers should find a way to legally recognize same-sex elderly couples to extend social supports, financial security and healthcare benefits to gay, lesbian, bisexual and transgender seniors, a new report contends.
 

As life spans expand, so do Medicare, Social Security costs, study finds

December 15, 2009

By 2050, Americans could be living three to eight years longer than current government projections. That could result in significantly higher costs to Social Security and Medicare, a new study released Monday reveals.
 

Medicare Part B premium freeze put on ice

October 12, 2009

A measure that would prevent a cut to Social Security payments failed in the Senate. As a result, rising Medicare Part B premiums are expected to adversely affect 27% of Medicare beneficiaries.
 
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