Social Security

A commonsense way to free up funds for long-term care

A commonsense way to free up funds for long-term care

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They say politics makes for strange bedfellows. It makes for stranger politicians.

New wrinkles for population experts — and providers — to consider

New wrinkles for population experts — and providers — to consider

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It's hardly breaking news that we live in an aging nation. But a look inside the latest round of numbers might give providers more reason to feel optimistic about remaining solvent once the age wave hits.

Recouping missed payments critical to maintaining financial stability, experts say

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Even mission-driven long-term care providers have to be more assertive in recouping late payments from residents or their families, two legal experts said Thursday.

Reversal of fortune revitalizes LTC funding source

Reversal of fortune revitalizes LTC funding source

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For many long-term care operators, shrinking demand is not likely be a problem in the decades ahead. After all, about 10,000 baby boomers turn 65 every day, and the pace is just heating up. But there can be a big difference between prospects and paying customers.

This gift has kept giving

This gift has kept giving

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A notable anniversary took place when the Social Security program recently turned 78. People often disagree about how well this program has worked and whether it should be allowed to continue. But any provider who sees the program as less than a blessing sorely needs to stop looking into this horse's mouth.

How should providers view Social Security? With great appreciation

How should providers view Social Security? With great appreciation

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Any provider who sees the program as anything less than a blessing sorely needs a class on recognizing gifts.

What about Social Security for the rest of us?

What about Social Security for the rest of us?

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It's an established fact that Social Security will be kaput by the time we need it, right? Things may not be as bad as many of us have led ourselves to believe.

CBO: Healthcare spending could spur federal debt to twice the size of the U.S. economy by 2037

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If the federal debt continues to grow at current rates, it is on track to be almost twice the size of the U.S. economy by 2037, driven largely by entitlement spending on baby boomers, a new analysis projects.

Triple threat: One day's reports fuel chest-thumping, angst

Triple threat: One day's reports fuel chest-thumping, angst

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Monday was a remarkable day, even by Washington spinmeister standards. In fact, we here at McKnight's had to look two times — nay, three — to make sure we had seen correctly.

Reports forecast Medicare funding boost, dim overall outlook

Reports forecast Medicare funding boost, dim overall outlook

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The Affordable Care Act will help Medicare save over $200 billion through 2016, according to government actuaries. But questions as to Medicare's long-term solvency remain, another report from Social Security and Medicare Boards of Trustees states.

Our elected officials: patriots or lackeys?

Our elected officials: patriots or lackeys?

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It's becoming increasingly obvious that our elected leaders need to quit playing political chicken. Otherwise, there are going to be some bleak days ahead for We the People.

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

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

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

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!

Because We The People demand it!

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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

Medicaid eligibility limits gaining momentum as a way to cut spending

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

Medicare fund will be depleted by 2024, report finds

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

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

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

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

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

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

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

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

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

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

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

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

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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