Heritage: Stop subsidies for 'multimillionaire seniors' to shore up Medicare program

NewsGuard 100/100 Score

A report by the conservative Heritage Foundation recommends making wealthier Medicare beneficiaries pay more to help get the program's "fiscal house in order." Also in the news, The Wall Street Journal reports that a judge who considers cases related to the Social Security Disability Insurance Program -- one of the federal governments most rapidly growing entitlement programs -- was placed on paid leave while complaints about his demeanor are probed. 

National Journal: Conservatives Want Multimillionaire Seniors Off Medicare Handouts
Multimillionaire seniors are getting too much in government subsidies for their Medicare coverage, according to a report from the conservative Heritage Foundation. J.D. Foster, a senior economics fellow at Heritage, says making wealthier seniors pay more in Medicare premiums is just the reform the program needs to get its fiscal house in order. Using the Medicare Trustee's report, Foster calculated that taxpayers spend an extra $4,897 per Medicare beneficiary above what is collected in Medicare-specific taxes and premiums. Eliminating that subsidy, Foster says, "and Medicare's shortfall disappears now and forever" (McCarthy, 5/14).

The Wall Street Journal: Another Disability Judge Placed On Leave
The judges have wide discretion in how to decide cases, with Mr. Krafsur awarding benefits in virtually every case that crosses his desk. In the fiscal year that began Oct. 1, Mr. Krafsur awarded benefits in 338 of the 339 decisions he has reached. … The Social Security Disability Insurance program is one of the government's most rapidly growing entitlement programs, and it is projected to pay more than $130 billion in benefits to close to 11 million people in 2012. Those collecting benefits receive monthly payments from the government, and they also qualify for early Medicare benefits (Paletta, 5/14).


http://www.kaiserhealthnews.orgThis article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
Harvard study links PM2.5 air pollution to increased risk of cardiovascular hospitalization in seniors