States Embrace Flexibility In Medicaid Strategies Oas Episode 70The other alternative will be a "continuing resolution," know as a "CR," something that has happened so many times before in recent history when Congress has not been able to get its work done on time..This cost shift hits includes retirees with the lowest incomes. Specifically it hits their state Medicaid budgets that pay Part B premiums for low-income Medicare beneficiaries - about 19% of all Medicare recipients. If Medicare Part B premiums go up by more than .40 per month in 2021, that would add yet another fiscal shock to state budgets that are already strained to the limit due to the coronavirus pandemic..Legislation introduced by Senator Bernie Sanders and a similar bill introduced by Representative John Larson would provide a boost in Social Security benefits by about to for most recipients, would increase cost of living adjustments by basing the increase on the CPI-E. It would pay for the expanded benefits and restore long - term solvency to the program by making the wealthiest Americans pay their fair share of taxes. Under current law those earning more than 8,500 pay nothing on earnings over that amount. … Continued
District One Hospital Services Birth CenterCurrently, Social Security COLAs are based on the way young, urban workers spend their money not the way Social Security beneficiaries do. As a result, goods and services like gasoline and electronics are weighted more heavily than housing and health care two of the fastest growing costs for older Americans. If the COLA were actually based on the way retirees spend their money using the more accurate CPI-E, Social Security beneficiaries would not be receiving a 0.3 percent COLA in 2017, they would be receiving a 2.1 percent increase, according to new data from the Bureau of Labor Statistics..Lawmakers on both sides of the aisle at Wednesday's hearing expressed their strong interest in addressing the growing DI backlog. In his opening statement, Subcommittee Chairman Sam Johnson said: "Today, over one million people are waiting for a hearing with a Social Security Administrative Law Judge, and on average these folks will wait around 600 days to get that hearing. That's nearly two years!" He continued, saying: "While not all of them will qualify for DI benefits, all of these people deserve an answer in a timely fashion. And for those who don't qualify for benefits, these long wait times make getting back to work even harder.".Social Security and Medicare remain the targets of plans to reduce federal spending. Over the past 12 months, both Members of Congress and President Obama came close to agreeing on cuts to Social Security benefits, including cost-of-living adjustments and making seniors pay more for their Medicare. How much are Social Security benefits worth over a lifetime and what can you count on? A baby boomer retiring with an "average" benefit of ,100 in 2011 can expect to receive 0,225 over ten years, and 3,641 if he or she lives twenty-five years, due to the compounding effect of the cost-of-living adjustments. … Continued
