Tag: medicare trust fund
This year I, with my sidekick Michael Wicklein, took a more-careful-than-usual look at the Trustees Report for the Medicare program. After all, Medicare – like Social Security – relies on payroll tax revenues, so it’s useful to understand the competing needs. Traditional Medicare is composed of two programs. The first – Part A, Hospital Insuranc…
The Social Security Administration recently announced that, in 2017, beneficiaries will receive a cost-of-living adjustment of 0.3 percent. But about 70 percent of beneficiaries will not see any increase in their Social Security benefits because every dollar of the increase will go to pay for higher Medicare premiums. What will happen to the other 30…
