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New Podcast Episode: Why a fiscal commission is a bad idea
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Check out the National Committee’s latest “You Earned This” podcast episode. Seniors need every dollar of their retirement and health benefits. But House Republicans are pushing to create a fiscal commission that could recommend cuts to Social Security and Medicare. The White House has called such commissions “death panels” for seniors’ earned benefits, because they give politicians political cover to slash them. Our legislative director, Dan Adcock, tells us why fiscal commissions are “radioactive”—and why congressional Democrats should vote NO.
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Ask Us!
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Whether you’re retired or approaching retirement, our team of experts in the field of Social Security policy is available to answer your questions about benefits.
You can either search our archives for valuable advice on a broad range of concerns or submit your question here.
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This week’s question is:
When I receive my annual Social Security Statement showing the benefit I am eligible for at various ages, does this amount include my wife’s spousal benefit? If not, how can I determine what it is? And what impact does her age have on the benefit? Since she is 3 years younger than me, I’m assuming her spousal benefit will not begin until she reaches eligibility age.
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Click here to read the answer.
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Ask Us
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Whether you’re currently retired or approaching retirement, we can help answer your questions and provide valuable advice on Social Security.
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Join Now/Donate
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Your support sustains our campaigns in Washington to protect and strengthen Social Security and Medicare.
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Social Security Benefits
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Learn more about the Social Security program and the policies the National Committee supports that would strengthen your earned benefits.
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The federal government offers two enrollment periods every year for switching plans. Right now, Medicare Advantage enrollees can switch plans or transfer to traditional Medicare during the open enrollment period ending March 31. (February 15, 2024, Yahoo! Finance, Kerry Hannon)
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Read Here →
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Last year, for the first time ever, a majority of Americans eligible for Medicare were on privatized Medicare Advantage plans. If Republicans win the presidential race this year, the push to fully privatize Medicare, the government health insurance program for seniors and people with disabilities, will only intensify. (February 5, 2024, Rolling Stone, Andrew Perez)
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Read Here →
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A KFF analysis shows that a new out-of-pocket spending cap in Medicare Part D could translate into savings for well over 1 million beneficiaries when it takes effect next year, including more than 100,000 people each in California, Florida and Texas, based on analyses of drug spending in 2021. (February 8, 2024; Kaiser; Juliette Cubanski, Tricia Neuman and Anthony Damico)
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Read Here →
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According to Sen. Bernie Sanders, pharmaceutical corporations spend billions of dollars more on excessive executive remuneration, dividends, and stock buybacks than they do on research and development (R&D) for new treatments. (February 11, 2024, EconoTimes)
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A proposal to end federal tax on Social Security retirement benefits would provide relief for retirees as early as next year. That’s because, as the bill is worded, federal taxes on Social Security income would be eliminated beginning in 2025. (February 11, 2024, Kiplinger, Katelyn Washington)
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A federal judge on Monday dismissed a lawsuit that the pharmaceutical industry's powerful trade group and allied organizations filed in an attempt to kill Medicare's new drug price negotiation program. (February 13, 2024, Common Dreams, Jake Johnson)
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