"Everything on the table" as candidates from both parties consider the best ways to save Social Security.
read more | digg story
"Everything on the table" as candidates from both parties consider the best ways to save Social Security.
read more | digg story
The law, drafted by Big Pharma's lobbyists, says Medicare can't bargain over price.
read more | digg story
WASHINGTON (AP) — Three years after the collapse of President Bush's plan for private Social Security accounts, Republican presidential contenders are eager to try again. Not so the Democrats, who gravitate toward increasing payroll taxes on upper-income earners to fix the program's finances.
"People don't know what the future holds," Byers states, "A plan that works today may not work tomorrow. A person may find out they have diabetes. They may need a medication that the plan they have today doesn't cover."
The doughnut hole - the nickname for a big financial gap in each person’s Medicare prescription drug coverage — gets slightly larger. If the past is a guide, many people will struggle to secure a full year’s supply of the drugs they need.
Medicare.gov part D plan finder.
WASHINGTON, DC -- Calling the current social security system “unsustainable” and “draconian cuts” in benefits inevitable, today Thompson announced his “plan to save social security.” Continuing with the themes he has been trumpeting on the campaign trail, the Thompson plan calls for optional private social security accounts and the indexing of social security benefits to inflation rather than wages.
Enrollment begins Nov. 15 for the new crop of drug plans, and health advocates warn that people are likely to see increases in their monthly premiums - and no guarantees that drugs covered under their plan this year will be covered in 2008.
But it's not only the poor facing major changes. Medicare officials say some of the most popular plans will charge considerably higher premiums next year, meaning millions of seniors and the disabled will have to shop around if they want to avoid double-digit increases in their monthly premiums.
As the costs of food, medicine and gasoline rise, the typical Social Security recipient will get a $24-a-month raise next year.
Seniors will be lucky if they break even.
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