Health Reform State Indicator Total Marketplace EnrollmentOn the heels of Greenspan's recent statement, President Obama's Fiscal Commission is due to release itsplan to solve the growing U.S. deficit by December 1st of this year. The Commission is eyeing major cuts to Social Security - including cost-of-living adjustments cuts that would affect 53 million current beneficiaries..Let's be clear about this. No one is saying that the effort to cut Medicare and/or Social Security will come this year or next..Without action by Congress, the situation would also create inequities or a new "notch" in premium costs for new Medicare enrollees in 20New enrollees would be subject to paying the "unadjusted" Medicare premium while those who fall under "hold harmless" protection would continue to pay the adjusted .40 per month. An estimated 850,000 people would be affected in 2010 alone. Here's an example: … Continued
Blog Lawmakers Comment On George Floyd Killing RacismIf you or someone you know is struggling to make their Social Security benefits stretch from one month to another, there are two Medicare programs that can help with medical costs for those eligible - Medicare Savings Programs which cover some Part B costs, and Medicare Extra Help which provides help with prescription costs..Social Security represents America's promise that after a lifetime of hard work and paying into the system, senior citizens have earned greater financial security in their golden years, free from abject poverty. Americans expect that when their leaders give their word, they keep it..A new analysis by Johnson compared the growth of average benefits since 2009 with what retirees would have received assuming Social Security law provided a COLA guarantee of at least 3 percent, as has been proposed by some Members of Congress, including Representative Eliot Engel. Johnson's analysis found that an average benefit of ,075 in 2009 would be 6.50 per month higher in 2018 - about 17 percent higher - had Social Security recipients been protected by a 3 percent COLA guarantee. Over the past nine years, the average retiree would have received about ,947 more in total Social Security income. … Continued