New Ulm Medical Center Services Occupational Health And Wellness Services Occupational HealthFall Congressional Recess Continues."But all bets would be off if the current payroll tax system is eliminated, or changed to something else," Johnson says. Getting rid of the payroll tax raises a great many questions as to how benefits would be calculated. Currently, retirement benefits are calculated on the 35 years of highest earnings. "Because wages tend to grow over time, replacing the current system with something else could mean lower benefits," Johnson points out..Even before the coronavirus pandemic Congress was facing tough decisions on how to strengthen the Medicare's Part A Hospital Insurance trust fund. But Congress is now running out of time and will need to move soon on a plan to prolong program solvency. … Continued
State Indicator Adults Reporting Unmet Need For Mental Health Treatment In The Past Year Because Of CostThe 3.8% "Medicare" net investment tax has never been received by the Medicare Part A Trust Fund, but has wound up going straight into the U.S. General Fund. That means it could be appropriated for any government spending!.Around 20% of Medicare beneficiaries are also enrolled in Medicaid and receive help from the program to cover long-term nursing home stays. The BCRA would cut Medicaid by more than 0 billion and cap federal spending on the program. How will you ensure access to nursing home care if the BCRA is adopted, and can you guarantee that older Americans will not be forced out of skilled nursing facilities due to funding cuts?.In a statement released by TSCL on Thursday, Social Security and Medicare policy analyst Mary Johnson said: "Older middle-income Americans could shoulder a disproportionate share of taxes under these changes, and get pushed more quickly into higher tax brackets than they are today … The changes under consideration may provide some modestly lower federal income taxes at first, but the benefits for many people would be short-lived." … Continued
