Headlines
House Leaders Looking for Deal to Halt Medicare Payment Cuts
Aides to top House Republicans and Democrats are hoping to negotiate a bipartisan compromise to permanently revamp a law that annually threatens cuts in Medicare payments to doctors, including a 21 percent reduction set to take effect April 1. As…
How inequality is worsening the retirement crisis
The gap between the top 1 percent of American earners and everyone else will play out for years to come, thanks to its impact on retirement savings. Income inequality is wreaking havoc with the ability for low- and middle-wage earners…
Staggering’ crisis looms in retirement income, senators learn
Responding to senators warning about a “staggering” crisis in retirement savings, a Washington University professor suggested Thursday four reforms to mitigate an over-dependence on Social Security for many retirees. Testifying Thursday before a Senate Special Committee on Aging, Michal Grinstein-Weiss,…
Social Security fund is currently borrowing 33 cents of every dollar in outlays
Lawmakers joined with the Association of Mature American Citizens last week at a Social Security Working Group meeting intended “to light a fire” in Congress on the issue, according to association president Dan Weber. “On it s current financial track,…
8 Threats for Retirement Accounts …
While supporters of President Obama’s 2016 Fiscal Budget say the budget will make it easier to save for retirement, the proposal is giving mixed messages when it comes to retirement planning. I have identified eight budget provisions that would have…
Report: Rural Hospitals Get Billions in Extra Medicare Funds
A law that allows rural hospitals to bill Medicare for rehabilitation services for seniors at higher rates than nursing homes and other facilities has led to billions of dollars in extra government spending, federal investigators say. Most patients could have…
Poll: Americans more upbeat about retirement
Whether the U.S. is facing a retirement crisis isn’t a matter of debate for the majority of Americans. A new poll shows that 86 percent of people agree that it’s a crisis.And it’s hardly just those approaching retirement who see…
Your final four from Social Security
Since 1939, March has meant one thing in the world of sports: March Madness. In this tournament, 68 college basketball teams compete through the month until the final four teams remain. Coaches gather their teams to drive home the gravity…
Saving Social Security Disability Insurance: … Holistic Social Security Reform
Jason J. Fichtner, Jason S. Seligman The Social Security Disability Insurance (DI) program is running short of money. Under current projections, its trust fund will be exhausted by the end of 2016, causing an automatic benefit reduction of about 20…
AMAC ‘Lights a Fire’ in Congress to Deal with Social Security Issues
‘On its current financial track, Social Security is not sustainable’ WASHINGTON, DC, Mar 6 – Lawmakers joined with the Association of Mature American Citizens this week at a Social Security Working Group meeting intended “to light a fire” in Congress…