Blog Corrections Reform Leaders Share ExperienceThe COLA is intended to protect the purchasing power of the benefits received by older and disabled Americans. A 30 percent loss in buying power over a 20 - year retirement period indicates the COLA is failing to provide that protection. The Social Security COLA, as currently calculated, is a poor match to the price changes actually experienced by the people it is intended to protect..According to a report in Bloomberg Government News, "Centrist Democrats in the House are pushing to shrink their party's health-care wish list to focus more on low-income Americans, a move backed by industry groups including dentists who say a narrower focus is better policy..If signed into law, the Improving Care for Vulnerable Older Citizens through Workforce Advancement Act would create six different demonstration projects that focus on the coordination of care and the delivery of medical services to elderly patients with chronic illnesses. The projects would design and test new models of care coordination, and direct-care workers would be granted opportunities to advance their careers through additional training, increased compensation, and expanded roles. … Continued
News Summary House Appropriations Subcommittees Approve Fy 2018 State Foreign Operations Sfops And Health Human Services Hhs Appropriations BillsThe 3.8% "Medicare" net investment tax has never been received by the Medicare Part A Trust Fund, but has wound up going straight into the U.S. General Fund. That means it could be appropriated for any government spending!.TSCL encourages all readers concerned about the future of their Social Security and Medicare benefits to Contact your Member of Congress. Let's tell Congress not to pay Social Security based on unauthorized work! Work under invalid and fraudulent Social Security numbers should be invalid for entitlement to Social Security benefits. To learn more, track bills that are in congress..Accelerate retirement account distributions when you have excess deductions. If your standard deduction will exceed your taxable income this year, consider withdrawing a little more retirement funds if you will need them this year. Doing so when you have a low or even a zero tax rate will potentially help you avoid paying more in the future when your deductions are lower or taxes rates are higher. … Continued