Raising taxes on millionaires may be a non-starter for Republicans, but they seem to have no problem hiking Medicare premiums for retirees making a lot less. The House is expected to vote Tuesday on a year-end economic package that includes a provision raising premiums for “high-income” Medicare beneficiaries, now defined as those making $85,000 and [...]
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Heating aid scarce this winter for New England needy
Posted on 12 December 2011.
WASHINGTON — Mary Power is 92 and worried about surviving another frigid New England winter because deep cuts in federal home heating assistance benefits mean she probably can’t afford enough heating oil to stay warm. She lives in a drafty trailer in Boston’s West Roxbury neighborhood and gets by on $11,148 a year in pension [...]
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Gingrich calls for private retirement accounts
Posted on 22 November 2011.
By Philip Elliott MANCHESTER, N.H. — Republican presidential contender Newt Gingrich wants to give younger workers the option to choose private retirement accounts as an alternative to Social Security. “It would be a voluntary choice. Keep the current system if you want to, or have a savings account,” Gingrich said Monday at Rivier College in [...]
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Higher copays seen for Medicare brand-name drugs
Posted on 18 November 2011.
By Ricardo Alonso-Zaldivar WASHINGTON — With three weeks left for seniors to change their Medicare prescription plan for 2012, a new study brings distressing news: Copays for brand-name drugs are going up _ sharply in some cases. Copays for preferred brand-name drugs will increase by 40 percent on average next year, and non-preferred brands will [...]
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Boston rally to stop entitlement cuts attracts thousands
Posted on 10 November 2011.
The Nov. 9 turnout was described as historic, coming roughly two weeks before the Supercommittee is scheduled to submit its findings to the full Congress.
Social Security idea could cut benefits
Posted on 08 November 2011.
WASHINGTON — Just as 55 million Social Security recipients are about to get their first benefit increase in three years, Congress is looking at reducing future raises by adopting a new measure of inflation that also would increase taxes for most families — the biggest impact falling on those with low incomes. If adopted across [...]
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