Tag: long-term funding
People are really confused. We’ve embarked on a host of studies about long-term care. One component of that effort is to assess the public’s understanding of how these costs are financed. A bunch of surveys over the last 10 years indicate that people are confused; most think that Medicare plays a major role. In fact,…
Abstract The experience of the reformed Railroad Retirement program has lessons for initiatives that would invest Social Security assets in equities: To address the risk in equity investment, Congress would likely require an automatic adjustment mechanism to keep the program “on track.” The adjustment mechanism should address surpluses as well as shortfalls, and cannot b…
