cbsnews.com
cbsnews.com
January 17, 2013
An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans.
The Business Roundtable’s plan would protect those 55 and older from cuts but younger workers would face significant changes. The plan unveiled Wednesday would result in smaller annual benefit increases for all Social [...]
By Barry Grey
November 29, 2012
As the deadline for the so-called “fiscal cliff” grows nearer, the indications mount that, behind the smokescreen of deficit talks and media hype, the artificial fiscal emergency is the starting point of a process for making deep structural cuts in basic social programs that previously would have been considered politically impossible.
Scattered press reports and statements by some Democrats as well as Republicans make clear that any [...]
Wolf Richter www.testosteronepit.com
There has been anecdotal evidence. But now The Wall Street Journal in its story about GE’s quandary confirmed it: the toughest creature out there that no one has been able to subdue yet, the inexplicable American consumer, is apparently accomplishing a miracle: putting the screws to runaway health-care costs. One of their targets: over-used, over-hyped medical services, such as MRIs and CT scans—an industry bubble that has been ballooning by the [...]
U.S. Representative Paul Ryan of Wisconsin said he provided “several years” of tax records toMitt Romney’s campaign as part of its vetting process for choosing a running mate on the Republican presidential ticket.
Ryan also said he planned to release two years of his tax records to the public, as Romney has pledged to do. Democrats and even some Republicans have called on Romney to release more years of his returns.
“It was a very exhaustive [...]
(ALL GOV) For those paying income taxes later this month and wondering just what their money goes toward, here is a breakdown of how the U.S. government spends it.
One quarter of all income taxes are consumed by national defense, which represents the largest slice of the tax-money pie. More precisely, 10.3% goes to “ongoing operations;” 7.9% to research, development, weapons and constructions; and 5.6% to salaries and benefits.
Almost another quarter [...]
Hackers who broke into government computers last weekend likely stole Social Security numbers and other personal information of thousands of people, including children, who have received public assistance in Utah.
Approximately 182,000 beneficiaries of Medicaid and the Children’s Health Insurance Program had their personal information stolen, and about 25,000 Social Security numbers were compromised, Utah Department of Health officials said.
Clients whose information was stolen will be alerted, with the first priority [...]
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is [...]
A growing number of states are sharply limiting hospital stays under Medicaid to as few as 10 days a year to control rising costs of the health insurance program for the poor and disabled.
Advocates for the needy and hospital executives say the moves will restrict access to care, force hospitals to absorb more costs and lead to higher charges for privately insured patients.
States defend the actions as a way to [...]
By Sarah Kliff, Published: October 22
The news came as a shock: Wal-Mart, the nation’s largest private employer, would not offer health benefits to new part-time employees, the company said Friday.
But perhaps it shouldn’t have been so surprising, since the retailer was among a minority of U.S. businesses. Only 16 percent of employers offer health insurance to part-timers, according to the Kaiser Family Foundation’s most recent Employer Health Benefits Survey. The number increases to 42 [...]
Congress is putting off changes to Social Security, but Medicare, the government health insurance program for older Americans, is still on the table.
The longer Congress waits to fix the programs, the more likely it is lawmakers will have to impose tax increases, deep benefit cuts or both to save them, the report said. By acting sooner, the trustees said, Congress can impose gradual changes that [...]
May 13 (Bloomberg) — Medicare, the U.S. health insurance program for the elderly and disabled, and the Social Security trust for the disabled and retirees are running out of money sooner than the government had projected.
While Medicare won’t have sufficient funds to pay full benefits starting in 2024, five years earlier than last year’s estimate, Social Security’s cash to pay full benefits runs short in [...]
What’s the difference between Medicare and Medicaid?
Medicare is a health insurance program managed by the U.S. government for people 65 or older and for younger people with certain disabilities. More than 47 million people are covered by Medicare. Medicaid is a joint federal-state health program for certain categories of people with lower incomes such as children, pregnant women and those with disabilities. More than [...]
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