Prevent Colon Cancer Nip It In The ButtIf signed into law, the BCRA would create an immediate funding crisis for the Medicare Part A Trust Fund by eliminating a key revenue source and providing the wealthiest Americans with a massive tax cut. Do you support this move, and what efforts would you back to address the Medicare funding crisis?.Members of Congress Support Key Bills.Benefits are based on lifetime earnings. To be qualified for retirement benefits, workers need about 10 years of earnings. The earnings are indexed to account for changes in average wages since the year the earnings were received. Then SSA calculates the average indexed monthly earnings using the 35 years of highest earnings. A formula is applied to this amount to arrive at the basic benefit. … Continued
Report Section Effects Of The Aca Medicaid Expansion On Racial Disparities In Health And Health Care AppendixResearch conducted by Johnson for The Senior Citizens League has found that Social Security benefits have lost 34 percent of their buying power since 2000 because the index used to calculate the annual cost-of-living-adjustment increase doesn't adequately factor in the cost increases experienced by retirees. In 2000, for example, it cost 5 to fill up a 500-gallon home-heating oil tank. The average benefit amount in 2000 was 6, leaving older homeowners with 1 to put toward other household expenses. Today, it costs about ,640 to fill the same oil tank, but those who received benefits of 6 in 2000 only receive ,193.10 in 201"That leaves older consumers digging into savings or borrowing to make up the difference of 6.90," Johnson says. "The Social Security loss of buying power for 2018–2019 appears likely to continue to get worse.".Questions To Ask Your Member Of Congress At Your Next Town Hall.According to Rep. Deutch, the bill would extend the solvency of the Social Security trust funds for decades into the future by ensuring that the wealthiest Americans contribute to the program at the same rate as everyone else. Upon its introduction, he said, "Currently, most Americans contribute 6.2 percent of every paycheck they earn to Social Security, while a corporate lawyer earning 0,000 pays an annual rate of just 1.71 percent and a CEO earning million pays an annual rate of just 0.003 percent." … Continued
