Posts Tagged ‘Medicare’
Democrats Urge Against Budget Cuts In Letter to Obama
Sixteen Democratic senators wrote to President Obama telling him that they don’t want to see budget cuts to Social Security, Medicare, or Medicaid in his annual budget. In last year’s budget, Obama proposed changing the way the government calculates inflation. This would have reduced retirement benefits as well as increased some taxes. The budget had…
Read MoreAre Social Security and Medicare “Entitlements”
The word “Entitlements” has recently come under a lot of scrutiny. The New York Times recently ran a great piece examining two different opinions on the word. Judith Abrams, a New York City reader, expressed her concern over The Time’s use of “Entitlements” to describe Social Security and Medicare. She believes that Social Security is…
Read MoreWhat Can Be Done to Salvage Social Security Insurance and Medicare?
Even though attempts at defunding Obamacare have failed, the opposition is now setting its sights on Social Security and Medicare. How can this be prevented? President Obama’s 2014 budget involves drastic cuts to Social Security and Medicare that could leave the elderly, retirees, and the disabled in despair. This move now has him working side-by-side…
Read MoreSocial Security Disability Abuse
Reports of unwarranted abuse of disability income by those involved in the program should come as no surprise. With many folks laid off from their prospective jobs, many have turned to relying on the Social Security Disability Insurance – only under qualification. The thing here is that the service may as well be retiled the…
Read MoreSocial Security Disability Insurance in the Red
Social Security Disability Insurance faces a major crisis: funds are depleting and cuts have to be made. The growth of SSDI was not an over night thing. It’s been increasing for decades now. Only now is when anyone has been taking notice. But is it too late? Unemployment issues have also seen an increase in…
Read MoreWhat Does Obamacare Offer Retirees?
Senior Citizens – and many retirees already benefiting from Social Security Retirement – come October 1st will be quickly enrolling for Medicare. But, hey, what happens if you’re already a retiree on Medicare? What does the Affordable Care Act, also known as Obamacare, mean to you? Matthew Eyles, executive vice president of a healthcare consulting and…
Read MoreMedical Supply Business Owner Caught in Medicare Scheme
A man who had been submitting fraudulent $2.6 million Medicare scheme involving power wheelchairs and other equipment has pleaded guilty in federal court. Akinola Afolabi, the former owner of a medical equipment supply company in Long Beach, had been submitting false insurance claims on behalf of his company between 2006 and 2009. Medicare paid out…
Read MoreWhy Obamacare Assists the Elderly
The Patient Protection and Affordable Care Act (PPACA), known as Obamacare in certain circles, is currently running campaigns featuring an entourage of actors, musicians and athletes urging folks to sign up for the health insurance program. So if you’re a retiree, what does signing up for Obamacare mean for you? Well, Medicare is improved by…
Read MoreImmigrants Responsible for Medicare and Social Security Trust Funds
Bet you didn’t know that immigrants pay for your Medicare. Congress has been wanting to close borders for quite some time with their immigration reform act, but this could deplete Medicare’s already dwindling trust fund. The current issue of journal Health Affairs states that within seven-year period immigrants paid $115.2 billion in Medicare than they…
Read MoreSpending Plans Delay Medicare and Social Security Benefit Exhaustion
Due to economic pressures Medicare soon won’t be able to pay out one hundred percent of promised benefits to its seniors. A recently released report states that this can be delayed with slower health care spending. According to trustees of Medicare and Social Security, this can’t be underestimated and the two years that this would…
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