Additional Article Data - Raising age of Medicare eligibility is no panacea for budget woes | The BMJundHwadmin
There are instances in which you may be able to qualify for Medicare before turning the age of 65 if you are disabled, but if you are simply retiring before this time, it will not make you eligible for Medicare benefits. Although you can’t enroll early, you also don’t want to sign...
I took on big drug companies to cap the price of insulin at $35 per month and finally give Medicare the power to negotiate lower prescription drug costs. I’m also taking on price gouging by Big Oil CEOs who are raising prices at the pump and big grocery store chains that are trying ...
And perhaps they should be. A 2024 annual report from Social Security and Medicare's Boards of Trustees has projected that growing annual deficits caused by the rising proportion of benefit recipients relative to contributing workers will deplete the reserves of the main Social Security trust fund w...
Welcome to POLITICO’s Ad of the Day, where we watch all the ads out there (so you don’t have to).
For 2023 and 2024, the total Social Securitytax rateof 12.4% is split between employee and employer. The employee pays 6.2% and the employer pays the other 6.2%. The totalMedicare taxrate of 2.9% is also split between employee and employer. The employee pays 1.45% and the employer pays ...
*Note the IRA also has provisions favorable for drugmakers, including limiting the out of pocket costs to Medicare beneficiaries to about $3300 in 2024 and stepping down to $2000 in 2025. We expect this to increase utilization of drugs, where out of ...
where it is said that deficits are a tax on the economy. The problem is that many people conclude from this arguably true statement that raising taxes to reduce the deficit would in effect constitute a double tax. We’re being taxed once by the deficit, people think, so why should they ...
Most importantly, when the government runs a deficit, it competes for financing with private firms, raising interest rates and squeezing resources that could be used for productive investment. Analysis by the U.S. Congressional Budget Office (CBO) indicates that for every rise of one percentage...
A stronger yen after the Bank of Japan raised interest rates last week and a lower rate of growth in developed markets make conditions for Japan's stocks less supportive, but Bridgewater said the unwind of the yen carry trade exacerbated the move. ...