Latest News
When it comes to retirement, it pays to be an optimist
This is a critical decision that will affect how you will spend the remaining 7% to 45% of your life, depending upon when you retire and how long you live. The percentages assume that you retire between age 55 and…
Shift Social Security’s start-up costs
Given that I have been thinking about unfunded “liabilities” in both Social Security and state and local pension plans, I was delighted that the Social Security actuaries recently released a new note on the program’s unfunded “obligations.” The measures used by…
CBO: Medicare Growth to Remain ‘Slower Than Usual’
The Congressional Budget Office, in its new economic outlook report released Tuesday, said the recent slowdown in the growth of Medicare costs has been “broad and persistent,” prompting a projection “that growth will be slower than usual for some years to come.”Total…
Notes on Social Security Reform
Congress is once again considering changes to Social Security in an attempt to “save” the program. Social Security benefit payments have exceeded tax revenues since 2010; the funding deficit is growing and, barring reform, will continue to grow indefinitely. Higher…
Medicare 2014: what you need to know
It’s the start of a new year, which is a time of review and reflection for many people. Now is also a good time to look at the Medicare changes that will happen this year, and a good time to…
Higgins introduces Social Security Administration Accountability Act
Congressman Brian Higgins, D-NY-26, spoke from the House Floor Tuesday to introduce the Social Security Administration Accountability Act – legislation that would require the Social Security Administration provide adequate justification before closing any field offices. Read more… Notice: The…
Corker Says CBO Report Is “Sobering”
Senator Bob Corker released the following statement after the non-partisan Congressional Budget Office announced today that the U.S. will add over $9 trillion in new debt and nearly double Medicare and Social Security spending over the next 10 years. The…
AMAC Supports H.R. 2305 – Preventing and Reducing Improper Medicare and Medicaid Expenditures Act
AMAC is pleased to support the latest Congressional initiative to reduce the rampant waste, fraud, and abuse within the Medicare and Medicaid programs. Introduced by Representative Peter Roskam (R-IL), H.R. 2305 – the “Preventing and Reducing Improper Medicare and Medicaid…
CBO: ObamaCare Reduces Work; Social Security Worsens
ObamaCare’s work disincentives will reduce employment levels by the equivalent of 2 million full-time jobs by 2017, the Congressional Budget Office said Tuesday. Less work, slower economic growth and burgeoning entitlement-fueled deficits marked the CBO’s downbeat 10-year outlook, adding to concerns…
Some Social Security History
63 million Americans are receiving Social Security benefits in the form of retiree benefits, survivor benefits, or disability benefits. Social Security benefits are not just for folks with an AARP membership card. Social Security has been around for 79 years. The…