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Means-testing a viable solution to Social Security and Medicare’s funding problems

This opinion piece notes the problems associated with funding Social Security and Medicare for the long term.  Congress chose not to act when the problems were noted years ago and continues not to act.  The annual Trustees reports for each program continue to sound the alarm.  Social Security will be insolvent in 2034 and Medicare in 2026, if not before if there is a recession.  This pieces notes mean-testing, which would require higher income people to pay more or receive less in benefits, is a viable answer to insolvency.  Read more here.  The Association of Mature American Citizens (AMAC) is advocating for a strengthening of Social Security and has developed a bipartisan compromise bill, titled “The Social Security Guarantee Act,” taking selected portions of bills introduced by Rep. Sam Johnson (R-TX) and Rep. John Larson (D-CT) and merging them with the Association’s original legislative framework to create the new Act. AMAC is resolute in its mission to get the attention of lawmakers in DC, meeting with a great many congressional offices and their legislative staffs over the past several years. Learn more about AMAC’s Social Security Guarantee here…

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Comments On This Topic

  1. I am not opposed to means-testing even though it could affect me adversely, depending on the testing criteria. However, I contend that every person who contributed to Social Security and has the qualifying contribution time periods and amounts, should receive at least the amount of their total contributions, possibly with interest.

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