When the Social Security Administration receives wage reports from employers with Social Security numbers and names that don't match those on file, the reports go into an Earnings Suspense File until they can be reconciled with the rightful owner -- which can occur years later when an application for benefits is received. Over the past ten years for which data is available the Social Security Administration has received, on average, more than 9.5 million suspicious wage reports annually representing more than billion per year in wages. "And it's the wages that are used to determine benefits, not the amount of taxes paid in," Hyland notes.."Improving adult access to vaccines can save thousands of lives and billions of dollars. The health care costs associated with low adult vaccine rates are high - each year, the U.S. spends billion treating Medicare beneficiaries alone for four vaccine-preventable diseases. Cost-sharing and co-pays for vaccinations recommended by the Center for Disease Control and Prevention Advisory Committee on Immunization Practices were removed for all Affordable Care Act compliant private plans in 2010; however, Medicare beneficiaries were left out of this change and can still face high out-of-pocket costs for vaccinations.".CBO Scores BCRA, Leaders Postpone Vote.The bill would provide critical savings to millions of older taxpayers with modest incomes below the new threshold amounts. But, as frequently can happen when legislation is under deliberation, progress on the bill was recently put on hold. Lawmakers are considering how the revenues to the Social Security and Medicare Trust Fund would be allocated, and from where replacement revenues lost due to the tax cut would come..Consumption of fried foods has also been linked to diabetes and high blood pressure..This week, TSCL saw support grow for three bills in the House and one bill in the Senate. First, two new cosponsors signed on to the bipartisan CREATES Act of 2017, bringing the total up to nine. The new cosponsors are Representative Carol Shea-Porter and Representative Francis Rooney. If signed into law, the bill would increase competition in the prescription drug industry by encouraging generic and biosimilar drug manufacturers to introduce their products to the market more quickly..If adopted, H.R. 860 would strengthen and reform the Social Security program by providing beneficiaries with a 2 percent benefit boost, basing cost-of-living adjustments on the CPI-E, creating a new minimum benefit set at 125 percent of the poverty line, and cutting taxes for beneficiaries. It would also apply the payroll tax to income over 0,000 and gradually increase the payroll tax rate to 7.4 percent..According to the most recent Social Security Trustees report, Social Security already pays out more in benefits than it receives in payroll taxes. In 2019, Social Security paid ,047.9 billion in benefits versus receiving 4.5 billion in payroll tax revenues. Taxation of the benefits of retirees provides another .5 billion in revenues, and .8 billion is money from "interest" earned by the assets of the Social Security Trust funds, special non-marketable bonds. Social Security trustees forecast that the program will be depleted by 2035..A new bill was introduced in the Senate this week that would lower costs for Americans with diabetes and other chronic diseases who have high-deductible health plans. This legislation would not affect seniors who are covered by Medicare, but it could be very helpful for seniors who are under 65 and still working and who only have high-deductible health insurance. Authored by Sens. John Thune and Tom Carper, the bill, called the Chronic Disease Management Act, would lower health care costs by allowing high-deductible health plans to provide chronic disease prevention services - including insulin for diabetes - to plan enrollees before they reach their plan deductible.
