benefits. If you're in a high-earning year, your earnings may help boost your.Most Americans are under-informed about their Social Security retirement choices, and they don't mind saying so. The fact is the Social Security Administration isn't structured to provide understandable personal guidance or one-on-one counseling. It's almost totally automated and dependent on applicants having access to a computer and a good internet connection..Congress is under intense pressure from numerous directions to get rising debt under control. The Congressional Budget Office further warned that growing interest costs on the debt would restrict our elected lawmakers ability to use tax and spending policies to respond to economic downturns or financial crises. And that in turn would increase the probably of a sudden fiscal crisis, in which the government would lose its ability to borrow at affordable rates..First, the Social Security 2100 Act gained one new cosponsor in Representative Diana DeGette, bringing the cosponsor total to 17If signed into law, H.R. 1902 would strengthen Social Security benefits by make cost-of-living adjustments more adequate, increasing monthly benefits by 2%, creating a new Special Minimum Benefit equal to 125% of the poverty line, providing a tax cut to Social Security beneficiaries, applying the payroll tax to annual income over 0,000, and gradually increasing the payroll tax rate by 0.25%..Meanwhile, the House of Representatives announced they will also be taking the usual August recess if they get needed legislation passed before then..The 30 percent who are not protected by hold harmless include:.To improve program solvency, TSCL's surveys have found that a large majority of survey participants, 72%, support applying the Social Security payroll tax to all earnings instead of just the first 2,800 in earnings.."Should Social Security's Cost-of Living Adjustment Be Changed?" National Academy of Social Insurance, April 2011..On Wednesday, with a vote of 236-191, lawmakers in the House passed a .7 billion spending bill that would fund DHS through the remainder of the fiscal year. They also passed five amendments to the bill that would address President Obama's recent immigration orders.

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By Rick Delaney, Chairman of the Board."Medicare is also in the cross - hairs for massive changes," Johnson says. The budget resolution stipulates major changes that would focus Medicare on a system of private insurers, and provide beneficiaries with premium subsidies to shop for their own health insurance. A Congressional Budget Office report has found that similar proposals in the past would shift a growing portion of costs to older Americans. In that 2013 report, the CBO estimated that Medicare beneficiaries' premiums would be about 30 percent higher by 2020 than under current law..Medicare has been subject to automatic 2 percent spending cuts since 2014, enacted as a provision of the Budget Control Act of 201Providers continue to bill Medicare in the normal way, but they are only paid 98 cents on the dollar. According to a FAQ from the House Committee on the Budget, the Medicare spending cut for the government's fiscal year 2021 which starts October 1, 2020, will reduce spending by .2 billion. … Continued

Health Care Leaders Rally With Governor For Provider Tax

Social Security beneficiaries have lost nearly one-third of their buying power since 2000, according to the 2017 Social Security Loss of Buying Power Study released by The Senior Citizens League. The findings represent a big 7% loss in buying power just over the past 12 months, from 23% in 2016 to 30% in 201This occurred as inflation has begun to climb, but people receiving Social Security received an annual cost-of-living adjustment of just 0.3% for 201Housing and medical costs - particularly for prescription drug expenses - were among the most rapidly rising spending categories over the past year..Transportation services.Those in the Senate will resume work next week on the Better Care Reconciliation Act, which will have a significant impact on the health and financial security of older Americans if adopted. If Republican leaders in the Senate successfully negotiate a compromise with the most conservative and moderate members of the party, the BCRA could be signed into law before the end of this month. … Continued

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