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The Latest Breaking News from Medicare

Republicans' and Democrats' Refusal To Reform Social Security and Medicare Is Political Malpractice

In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.

Reason

AP News Digest 3:05 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

The Independent UK

Most oppose Social Security, Medicare cuts: AP-NORC poll

Americans are deeply opposed to cutting into Medicare or Social Security benefits, and most support raising taxes on the nation’s highest earners to keep Medicare running as is

The Independent UK

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Trump Commuted His Sentence. Now the Justice Department Is Going To Prosecute Him Again.

Philip Esformes' case is a story about what happens when the government violates some of its most basic promises.

Reason

Medicare, Social Security could fall short over next decade, report warns

Medicare is forecast to be unable to pay full benefits for inpatient hospital visits and nursing home stays by 2031. Two years after that, Social Security won’t have enough cash on hand to pay full benefits to retirees.

Chicago Sun-Times

Fatal drug overdoses have quadrupled in US seniors

The rate of fatal drug overdoses among U.S. seniors has quadrupled in the last 20 years.

LiveScience

Legislative themes emerge on upcoming pandemic reauthorization

WASHINGTON — The broad outlines of an upcoming debate over a pandemic preparedness reauthorization bill are beginning to emerge as regulators, policymakers and industry groups take stock of lessons learned from COVID-19.

Tribune News Service

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Legislative themes emerge on upcoming pandemic reauthorization - Roll Call

A reauthorization of the pandemic preparedness law will give Congress a chance to revisit its handling of COVID-19.

Roll Call

How to make $100,000 or more and pay no income taxes

Yes, it’s entirely possible to make more than $100,000 and pay no federal income tax on it, and this article will show you exactly what you need to do to claim your tax-free cash. It’s completely legal – and incredibly! – the tax code almost seems to encourage you to…

Tribune News Service

Karl W. Smith: Republicans must get over their fear of Medicare

Speaker of the House Kevin McCarthy sent a letter last week to President Joe Biden in which he admonished the White House for not taking more seriously talks to raise the nation’s debt limit, currently set at almost $31.4 trillion. The Biden administration responded by saying House Republicans should increase…

Tribune News Service

Medicare Checklist: How to Avoid Costly Enrollment Mistakes, From a Financial Planner

When you sign up for each part of Medicare matters. This enrollment checklist flags important info you need to know.

Kiplinger

Editorial: Can a dysfunctional Congress rescue Social Security and Medicare from disaster?

For all of this week’s focus on Donald Trump’s legal travails — and the breathless commentary and speculation surrounding it from all quarters — there was significantly less ink spilled on what looms as a far more consequential development, at least in the long-term and for average Americans contemplating a…

Tribune News Service

Every indictment will make Trump stronger – and Republicans wilder

Rupert Murdoch, the Koch network and other rightwing power brokers know the monster they created is now out of control

The Guardian - US

Up to $3 billion in taxpayer money lost to Medicare fraud and non-compliance annually, government review finds

Between $1.5 billion to $3 billion is being lost to Medicare fraud and non-compliance every year, according to an independent review that also warns the overly-complex system is out of date and risks bleeding more taxpayer money.

ABC News

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The New Daily

Watch: Damning Medicare review, TikTok ban, Interest rates

Watch: Donald Trump has arrived in New York before his arraignment tomorrow. TikTok has been banned on all Australian federal government devices due to

The Guardian - AU

Medicare fraud and non-compliance costing taxpayers up to $3bn, review finds

Government-commissioned report argues structural reform is essential and requires a simpler, clearer billing system

The Independent UK

Liz Weston: Will you face a tax bomb in retirement?

Good savers who take full advantage of their 401(k) plans and other tax-deductible retirement plans could be setting themselves up for unnecessarily high tax bills in retirement

The Independent UK

Drug overdose deaths ‘quadrupled’ among older US adults over last two decades, study warns

‘Quadrupling of fatal overdoses among older adults should be considered in evolving policies’

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The New Daily

Research debunks myth of widespread Medicare fraud

About 85 per cent of GPs nationwide have saved Medicare over $350 million from undercharging patients in consultations, a new study has found.

Newcastle Herald

Blaming victims of domestic abuse helps no-one fix underlying issues

Why is there still so much ignorance on the subject, and where do all the myths and misconceptions come from?

AAP

Doctors demand apology as Medicare fraud myth busted

Doctors are claiming vindication and demanding an apology as new research undermines claims of widespread Medicare fraud.

WEKU

Social Security is now expected to run short of cash by 2033

Policymakers will need to patch the Social Security program by 2033 to avoid draconian cuts in benefits, a year earlier than had been predicted. A trust fund for Medicare will run out of cash by 2031.

Tribune News Service

Social Security insolvency seen coming a year earlier than before

WASHINGTON — The Social Security system’s retiree fund will be able to fully pay scheduled benefits until 2033, one year earlier than reported last year.

Roll Call

Social Security, Medicare funds face depletion within a decade - Roll Call

Social Security’s finances worsened over the past year while Medicare's improved slightly, according to government actuaries.

Kiplinger

Can My Pension Trigger a Retirement Tax Bomb?

Key planning strategies like asset location and Roth conversions can dramatically reduce the taxes you pay throughout retirement and your heirs’ tax liability.

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