Study Shows Peanut Allergies Can Be Prevented In Young Childrenwould significantly drive up costs for older Americans,.Following the blueprint's release, Sen. Bernard Sanders ranking member of the Senate Budget Committee voiced his concerns, saying: "This budget gives huge tax breaks to billionaires and millionaires while making devastating cuts to education, Medicare, affordable housing, prescription drug coverage, and many other vital investments for the elderly, the children, the sick and the poor … This budget is the Robin Hood principle in reverse. It takes from the poor to give to the rich.".On Monday, the Social Security and Medicare Trustees reported on the financial standing of both programs. According to the six Trustees, Social Security and Medicare are worse off than they were just one year ago. Social Security's combined OASDI Trust Funds will reach exhaustion in 2033, three years earlier than last year's report projected. Medicare's Hospital Insurance Trust Fund will face insolvency in 2024, the same date that was projected last year. However, the program's actual costs are expected to exceed estimates since the Trustees could not account for the costly "doc fix," which Congress will likely vote for at the end of this year. … Continued
Nourish Tips For Packing A Healthy LunchNew Medicare enrollees..On Wednesday, TSCL announced its support for the Strengthening Social Security Act. Sen. Tom Harkin introduced the bill in the Senate, and Reps. Linda Sanchez and Rush Holt introduced the companion in the House. If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt a Consumer Price Index for the Elderly, resulting in more accurate cost-of-living adjustments; and it would lift the cap on income subject to the payroll tax. According to Rep. Sanchez, these three changes would preserve the Social Security Trust Fund through 2049, reducing the seventy-five year actuarial deficit by approximately 50 percent..This week, one new cosponsor Rep. John Tierney signed on to the Strengthening Social Security Act, bringing the total up fifty-seven. If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt the Consumer Price Index for Elderly Consumers, resulting in more accurate cost-of-living adjustments, and it would lift the cap on income subject to the payroll tax. H.R. 3118 would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. … Continued