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Is inflation coming back?
Inflation: The Chicken Little problem of the last five years. Everyone thought it — or worse, hyperinflation — was coming. Meanwhile, the Federal Reserve was worrying about deflation. Our central bank targeted a 2 percent inflation rate as healthy and…
House Ways and Means Committee passed the ABLE Act, legislation that would helps those with disabilities
U.S. Rep. Tom Reed, R-Corning, announced Friday the House Ways and Means Committee passed the ABLE Act, legislation that would helps those with disabilities and their families get savings accounts and plan for their financial futures. Reed stated he is…
National Seniors Group Supports Carolyn Colvin as Social Security Commissioner
“The challenges facing Social Security’s new Commissioner will require a leader with both administrative experience and a deep understanding of the Social Security program — Carolyn Colvin is that person. As America’s baby boomers retire, the Social Security Administration has…
Can Obamacare Help You Afford Early Retirement?
While the Affordable Care Act, or Obamacare, remains a controversial topic in the political arena, many Americans are assessing how it might impact their retirement plans. After all, health insurance coverage is one reason why many people stick with their…
CBO Reports Healthier Medicare, Social Security Poses Problems
After the release of this week’s yearly report on the 75-year financial prediction for Social Security, a 25-year outlook report was also published by the Congressional Budget Office which assessed Medicaid, Medicare and expenditure under the Affordable Care Act. The…
GAO Finds Railroad Retirement Disability Program Fails to Prevent Fraud
Ways and Means Social Security Subcommittee ChairmanSam Johnson (R-TX) today released aGovernment Accountability Office (GAO) report finding the Railroad Retirement Board’s (RRB) total and permanent (T&P) disability program, financed in part bySocial Security Disability Insurance (DI) revenues, lacks safeguards to…
Senior and disability advocates block tech buses in protest
Senior and disability advocates blocked two tech buses for half an hour in the Mission District Friday morning to protest rising eviction rates of vulnerable San Francisco residents. Holding banners sporting phrases like “Eviction Free San Francisco,” protestors said the…
Medicare will take bigger bite out of older Americans’ Social Security checks, report shows
Retirees can expect the cost of Medicare health insurance to eat up a bigger and bigger share of their Social Security checks in the future, according to a federal report issued earlier this week. The report, by the trustees who…
Medicare starts countdown to new reimbursement codes
The Centers for Medicare and Medicaid Services said Thursday the healthcare industry will have to start using new codes on October 1, 2015, when filing for reimbursement for medical procedures. The agency issued a rule that providers, insurance companies and…
The Weakness And Timidity In The Plan To Cut Social Security Disability
Sam Johnson, the Chairman of the Social Security Subcommittee of the House Ways and Means Committee, posted a summary of his proposed “Stop Disability Fraud Act of 2014” yesterday. The title makes it clear that he believes that there is…