Heal When Counting Sheep Doesnt WorkThe Social Security COLA was created to protect the purchasing power of Social Security benefits received by older and disabled Americans, but the results of this new study show that seniors are failing to keep up with rising costs. In recent years, inflation and COLAs have been at record low levels, averaging just 1.2 percent per year since 20In 2018, Social Security beneficiaries received a COLA of 2 percent, yet most saw no increase at all in their net benefits due to substantially higher Medicare Part B premiums.."But all bets would be off if the current payroll tax system is eliminated, or changed to something else," Johnson says. Getting rid of the payroll tax raises a great many questions as to how benefits would be calculated. Currently, retirement benefits are calculated on the 35 years of highest earnings. "Because wages tend to grow over time, replacing the current system with something else could mean lower benefits," Johnson points out..At the hearing the top Republican on the committee, Steve Womack of Arkansas and other Republican lawmakers said that Congress will need to limit the growth of Social Security, Medicare and Medicaid, which they referred to as "major mandatory programs." … Continued
Global Health Policy Event Aids 2012 Beyond Mdg 6 Hiv And Chronic Ncds Integrating Health Systems Toward Universal Health CoverageThe rationale for both the WEP and the GPO - that the Social Security benefit formula is overly generous to these individuals and that they are reaping unintended benefits - is very hard to justify today. In fact, Social Security benefits are quite modest when compared to the national pension systems of other developed nations. The modified benefit formulas used under each of these two provisions substantially reduces the benefit that workers were counting on, but these are benefits that were earned and paid for by Social Security taxes..Intergenerational programs.Rather than making deliberate well-reasoned choices, our brains often latch onto the first piece of information offered when making a decision, even though we may not be aware we are doing so - a process cognitive scientists have named "anchoring." You already know how it works. We've all seen a sign like this: "SAVE! 4 cans of soup for $Limit 12 cans per customer!" How many cans would you buy? … Continued