Health Conditions And Treatments Eat Healthy Side Dishes Sweet Tangy Brussels SproutsPresident Barak Obama included a proposal in his fiscal year 2014 budget that would have reduced Social Security benefits by using the more slowly-growing chained consumer price index to calculate the Social Security cost-of-living adjustment. An estimate produced for TSCL projects that "chaining the COLA" would cut Social Security benefits by about 9% over a 30-year retirement. Although the proposal has been under discussion for several years, it has not passed, primarily due to fierce resistance from older voters..Increasing the payroll tax rate. Survey results have also shown strong support for a gradual increase in the payroll tax rate from 6.2% to 7.4%. An increase of that size would amount to an extra 50 cents per week for the average worker an amount that most feel is fair and practical.."It's about time," states Johnson. At the time of passage of the Affordable Care Act, this tax was widely referred to as a "Medicare" tax in the media, by tax and investment professionals, and, many lawmakers sold it to the public that way. "Now those revenues are needed by the Medicare Part A Hospital Insurance Trust Fund," says Johnson. Part A is three years from insolvency and faces an estimated funding gap of more than 5 billion over the next ten years. … Continued
Hospital Overview Walking PathsYou would be FAR better off waiting until after you turn 66 to start benefits at your full retirement age. After reaching full retirement age, you can receive benefits and earn as much as you want with no reduction to your benefits..Tax Reform Work Continues in House and Senate.Because it means new legislation to reduce the costs of prescription drugs is not likely to be passed this year and will have to await the start of the next Congress in January of 202In addition, as we've explained in the last couple of updates, the executive announcements the President issued regarding prescription drugs are not clear about what drugs they cover and even if things get clarified it is highly unlikely seniors will see a reduction in drug prices this year. And, of course, the major drug companies are strongly opposed to orders and are fighting to change them. … Continued