GOP members of the House Ways and Means Committee held an all-Republican roundtable on the future of the program on June 29. That’s a little like holding an all-Red Sox roundtable on the future of the Yankees. Republicans have spent four decades devising ways to undermine Social Security – including their triad of terrible ideas: raising the retirement age, means-testing benefits, and privatizing the program
Deb Gordon’s piece in Forbes entitled, 88% Of Medicare Advantage Enrollees Are Happy With Their Health Insurance, New Study Shows, is more like an industry press release than a bona fide news story. The writer herself is a representative of the insurance industry, hardly an objective author for a piece about the insurance industry.
Medicare Advantage (MA) plans – the privatized alternative to traditional Medicare – are coming under growing scrutiny for a number of questionable practices that undermine patient care and overcharge taxpayers.
Social Security’s trust fund received a one-year reprieve in the 2022 Social Security Trustees report, released late Thursday afternoon. The Trustees project that the combined disability and retirement trust fund will become depleted in 2035 – one year later than predicted last time – if Congress doesn’t take preventative action. When the trust fund becomes insolvent, the Trustees say, Social Security will only be able to pay 80% of scheduled benefits.
The takeaway from the latest Social Security Trustees report is this: Congress must strengthen the program’s finances without delay. The Trustees project that the combined Social Security retirement and disability trust fund will become depleted by 2035.