Minneapolis Heart Institute Programs And ServicesOne TSCL member Barbara B., 75 of Indiana recently told us: "It's been 36 months since I've had any raise in my net operating Social Security, but my actual household costs continue to go up. This isn't fair to retirees." Barbara, who is now 75, retired 9 years ago. Like many seniors around the country, she feels that her Social Security benefits are not keeping up with inflation..The part of Social Security that pays old age and survivor benefits is projected to become insolvent in just 14 years. The Social Security fund that pays disability benefits is projected to last longer until 206But that fund is much smaller and even if money were diverted from it to the old age fund, it would only last for an additional year..By Representative Josh Gottheimer … Continued
Tag Hivaids In UsIn April, more than 150 House lawmakers proposed a budget blueprint that would have reformed the Medicare program and cut Social Security benefits by adopting the "chained" CPI, eliminating the COLA for some seniors, and raising the eligibility age. Did you support this budget blueprint, and if so, why?.I'm going to keep fighting to pass this bill. I'm also going to continue working to strengthen and expand Social Security going forward. The fact is, Social Security has a .9 trillion surplus. If we do nothing, Social Security will be safe for the next 17 years. With some modest adjustments, we can keep the Social Security system solvent for many more years and even increase benefits..Burwell will begin her work as HHS Secretary in the coming days, and TSCL will keep a close eye on her work since it could have major impacts on the Social Security and Medicare programs. TSCL is pleased that Burwell has already committed to working with Congress to repeal and replace the flawed sustainable growth rate formula later this year. However, she has also expressed her support for increased means testing within the Medicare program a proposal that TSCL is opposed to due to potential unintended consequences. For updates on HHS actions affecting senior citizens, visit the Legislative News section of our website. … Continued