Blog Health Innovations Task Force Looks Toward Strategies To Support Public HealthIn short, the Social Security disability trust fund would become insolvent by mid-2021 and the retirement trust fund would become permanently depleted by 2023, just two short years from now..Action on Capitol Hill this week has been limited as Congress re-convenes on January 17th. Meanwhile, members of the payroll tax Congressional Conference Committee were named, while the Center for Medicare and Medicaid Services announced a plan for increased efficiency and savings..Currently, the DI trust fund is set to become depleted in late 2016, and legislative action will be needed to prevent a 25 percent cut in benefits for 11 million disabled beneficiaries. According to those at Wednesday's hearing, reallocating funds from the Old Age and Survivors Insurance trust fund is the simplest and least controversial way of solving the problem. However, TSCL disagrees since doing so would mean that the OASI trust fund would become depleted four years earlier than currently projected. In our most recent survey of members and supporters, only 1 percent said they support the reallocation of funds from the OASI trust fund to the DI trust fund. … Continued
The Pandemics Impact On Childrens Mental HealthBut the financial impact of immigration reform on Social Security remains in question. As of June 30, 2013, no government estimate of the long-term impact on Social Security has been made public. It is not yet known whether the House bill will contain similar provisions to protect Social Security..Top executives of the big drug companies have requested a meeting with White House officials this week to discuss how they can lower drug prices..The less painful alternatives are: bringing new state and local workers into the Social Security system, gradually raising the payroll tax cap to its originally intended level, and raising the retirement age. … Continued