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Budget chairman warns of consequences if entitlements are not reformed
(By – Rebecca Shabad) The chairman of the House Budget Committee warned Wednesday that Medicare, Medicaid and Social Security all need to be reformed in order to help people in the long-term. “The danger to beneficiaries is not coming from those of…
Critically ill patients do better, cost Medicare less, at long-term acute care hospitals, study says
(By – Susan Morse, Associate Editor, www.healthcarefinancenews.com) In most cases, the sickest patients are seeing better outcomes at the same or lower cost to Medicare when treated at a long-term acute care hospital, according to a new study commissioned by the National…
VA records sketchy on veterans’ deaths
(By – Patricia Kime, Staff writer – www.militarytimes.com) The Veterans Affairs Department’s system for verifying whether a veteran is alive or dead contributes to costly or embarrassing errors, including compensation being paid to veterans who have passed away and records indicating…
Midyear Tax Planning For Newlyweds
(By – Dee Lee, boston.cbslocal.com) Those June weddings we talked about last month all have a tax consequence to them. The newlyweds are sending out thank you notes right about now, but there is a bit more paperwork for them. The first thing…
Are Kids Causing A Retirement Crisis?
(By – Andrew Biggs, Forbes Contributor) If you think Americans face a retirement crisis, you also think kids are what’s causing it. There’s a policy debate over how well-prepared Americans are for retirement. Some analysts see a modest and manageable problem with…
Obama’s Soothing – And Toxic – Opiate About Entitlements
(Source – news.investors.com) Delusions: President Obama assured an audience of seniors Monday that there is “no crisis” in Social Security and Medicare, and that the cash will always be there. Call it the opiate of the Democrats. Just don’t call it…
Scott Walker: Those Born After 1967 Are ‘Ready for Reform’ on Social Security, Medicare
(By – David Brody) Before Wisconsin Gov. Scott Walker became an official candidate for president, he told reporters that he would give detailed plans on entitlement reform once he started his official run. While we wait for that speech, Walker did…
Coats Introduces Bill To Deny Social Security Benefits To Fugitives
(Source – www.wfyi.org) Republican Sen. Dan Coats, chairman of the Joint Economic Committee and a member of the Senate Finance Committee, has introduced legislation that would prohibit individuals with outstanding arrest warrants for a felony or parole violation from receiving Social…
What you need to know about preparing for retirement
(Source – www.wdbj7.com) A financially secure retirement requires a lot more planning than simply taking social security benefits. WDBJ7 sat down with Caleb Mann, a financial adviser and agent with Farmers Insurance. Here are some frequently asked questions Mann gets: Read more… …
Taxable Social Security Benefits: How Big a Tax Hit Will You Take?
(By – Dan Caplinger) Social Security benefits are an essential part of how retirees make ends meet, but one thing that shocks many Americans is that under certain circumstances, the payments they receive can be taxable income that they have…