An appeals court has revived a challenge to President Biden's Medicare drug price reduction program
A constitutional challenge to the Biden administration program enabling Medicare to negotiate lower prices for prescription drugs has been revived by a federal appeals court.
Beyond 'childless cat ladies,' JD Vance has long been on a quest to encourage more births
JD Vance repeatedly expressed alarm about declining birth rates as he launched his political career with a bid for the U.S. Senate in Ohio.
Key senators reach agreement on spending levels for next year, setting up clash with House
The Senate will pursue a spending increase next year of about 3.4% for defense and 2.7% increase for non-defense programs under a bipartisan agreement reached by the Senate Appropriations Committee.
For decades, states have taken foster children's federal benefits. That's starting to change
States have for decades been using foster children's federal Social Security benefits to help cover the costs of state services.
The federal debt tops $34 trillion and some in Congress want a commission to find ways to tackle it
A bill to create a bipartisan commission that would tackle the nationโs soaring debt and make policy recommendations to Congress has won approval from a House committee.
What to know about the Social Security cost-of-living adjustment
Tens of millions of older Americans will see a modest increase in benefits in January when a new cost-of-living adjustment is added to Social Security payments.
Social Security benefits will increase by 3.2% in 2024 as inflation moderates
The acting Social Security commissioner says a 3_2% increase in benefits next year โwill help millions of people keep up with expenses."
Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government
Even with new spending restraints included in the congressional debt limit deal, the U.S. governmentโs deficits are still on course to keep climbing to record levels over the next few decades.
Most oppose Social Security, Medicare cuts: AP-NORC poll
Americans are deeply opposed to cutting into Medicare or Social Security benefits, and most support raising taxes on the nationโs highest earners to keep Medicare running as is.
Medicare, Social Security could fall short over next decade
An annual report on Social Security and Medicare says the financial safety nets millions of older Americans rely on and millions more young people are counting on will run short on funds to pay full benefits within the next decade.
Poll: Cut federal spending โ but not big-ticket programs
In the federal budget standoff, the majority of U.S. adults are asking lawmakers to pull off the impossible: Cut the overall size of government, but also devote more money to the most popular and expensive programs.
Haley wants entitlement program changes for younger people
Republican presidential candidate Nikki Haley is proposing changes to entitlement programs for younger generations, opening the door to potential cuts to Social Security and Medicare if elected.
Sen. Rick Scott alters policy plan causing heartburn for GOP
Republican Sen. Rick Scott of Florida has amended a plan to overhaul how the federal government works after Democrats repeatedly seized on it to accuse Republicans of looking to cut Medicare and Social Security.
Biden warns of GOP plans for Medicare, Social Security cuts
When President Joe Biden suggested that Republicans want to slash Medicare and Social Security it brought howls of protests from the GOP side of the aisle during the State of the Union address.
Social Security boost seen as unlikely to help Dems at polls
The news that 70 million people will see an 8.7% boost in their Social Security checks next year came just weeks before Election Day, but it's unlikely to give Democrats the edge they're desperately seeking at the polls.
How Social Security works and what to know about its future
Tens of millions of older Americans will see a major increase in benefits this January when a new cost-of-living adjustment (or COLA) is added to Social Security payments.
Money Minute: When you should take Social Security benefits
For those getting ready to begin taking their Social Security benefits, itโs important to keep in mind just how much you can receive depending on what your age is.
Money Minute: Understanding Medicare Advantage plan
If youโre signing up for Medicare soon, itโs important to know how to pay for the things that the original Medicare plan does not pay for, like co-pays, co-insurance and deductibles.
Money Minute: Medicare does not cover all payments -- what to know
If youโre signing up for Medicare soon, itโs important to know how to pay for the things that the original Medicare plan does not pay for, like co-pays, co-insurance and deductibles.
Money Minute: Understanding Medicare Advantage, the more expensive option
Weโre taking a special look at to the elements of Medicare and what you need to know before signing up. In this segment, weโre covering Medicare Advantage -- a more expensive health care option.
Go-broke dates pushed back for Social Security, Medicare
A stronger-than-expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock retirement programs.
Sunday Read: Social Security recipients to get boost as rising costs continue
Starting next year (2022), youโll get more money, a lot more, but it will be to cover rising costs. Hereโs a closer look at what to expect.
COVID recession pushed Social Security insolvency up a year
The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicareโs exhaustion date unchanged, the government reported Tuesday.
Taxes: Answers to top FAQs about Social Security income
Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.
Retiree checks to rise 1.3% in 2021 amid coronavirus fallout
WASHINGTON โ Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about the coronavirus and its consequences for older people. The economic fallout from the virus has reduced tax collections for Social Security and Medicare, likely worsening their long-term financial condition. The former vice president would raise Social Security taxes by applying the payroll tax to earnings above $400,000 a year. That amount generally increases, so at least some of any additional Social Security raise goes to health care premiums. That prompted Congress to pass recent election-year legislation that limits next yearโs premium increase but gradually collects the full amount later on under a repayment mechanism.
IRS launches โGet My Paymentโ website to help with stimulus payments
The IRS has launched a โGet My Paymentโ website to help people track the status of their coronavirus stimulus payment. The โGet My Paymentโ website is aimed at helping you:Check your payment statusConfirm your payment type: direct deposit or checkEnter your bank account information for direct deposit if we donโt have your direct deposit information and we havenโt sent your payment yetIf you need to let the IRS know about your new address, go here. The IRS is expected to make about 60 million payments to Americans through direct deposit for people who used direct deposit on their 2018 or 2019 tax returns. This will include Social Security beneficiaries who filed federal tax returns that included direct deposit information. These payments will be made to Social Security beneficiaries who did not file tax returns in 2018 or 2019 and receive their Social Security benefits via direct deposit.
Hereโs the expected timeline for direct stimulus payments to Americans amid coronavirus
DETROIT โ Michigan Congresswoman Debbie Dingell released the expected timeline for direct stimulus payments made to Americans amid the coronavirus pandemic. The estimates are that nearly 99 percent of Social Security beneficiaries who do not file a return receive their benefits through direct deposit. The economic impact payment will be deposited directly into the same banking account reflected on the return filed. People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment. How long are the economic impact payments available?
Warren health plan departs from US 'social insurance' idea
That's different from the "social insurance" or shared responsibility approach taken by Democratic presidents like Franklin D. Roosevelt, Harry Truman and Lyndon Baines Johnson. The Warren campaign says the reason programs like Social Security and Medicare are popular is that benefits are broadly shared. Truman's plan for universal health insurance did not pass, but it would have been supported by payroll taxes. "If you look at the two core social insurance programs in the United States, they have always been financed as a partnership," said William Arnone, CEO of the National Academy of Social Insurance, a nonpartisan organization that educates on how social insurance builds economic security. Under Warren's plan, nearly $9 trillion would come from businesses, in lieu of what they're already paying for employees' health care.
FTC reports sharp increase in phone scams
Americans have forfeited at least $450 million this way to government impostor scams since 2014, the FTC said and that only counts the victims regulators know about. Government impostors became the number one source of FTC complaints and now account for the lion's share of impostor scams overall. "Toward the fall, we started to see these scams really, really pick up." Thousands of consumers who reported the scam this year told the FTC they lost money. Last week, the FTC, Justice Department, and various states and local authorities brought nearly 100 cases against alleged robocallers.