Monthly Archives: July 2012

New CBO Report Confirms that Baby Boomers Lead SSDI Growth

A new report from the nonpartisan Congressional Budget Office (“CBO”) confirms what we have been saying all along – the rise in disability beneficiaries has more to do with demographics than unfounded claims that more and more applicants are gaming the system. More details on what it takes to qualify for disability benefits are available from a Tulsa Oklahoma Social Security disability attorney. The CBO is not a political agency; it is a budget and economic analysis agency whose employees are nearly all economists or public policy analysts who hold advanced degrees in those fields. CBO staff provides economic forecasts, analysis of each year’s federal budget, and estimates of costs of federal proposals. Last Monday, the CBO released an evaluation of the financial state of Social Security Disability Insurance (“SSDI”) benefits and how various proposals would affect it. In evaluating SSDI, CBO confirmed a statement we have made concerning the…
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Social Sec.: From Controversial to Near Universal Support

“Never in the history of the world has any measure been brought here so insidiously designed as to prevent business recovery, to enslave workers and to prevent any possibility of the employers providing work for the people.” Did you think this was a quote from the recent debates surrounding Obamacare? In fact, the quote comes from a 1935 statement regarding passage of the Social Security Act, which instituted benefits for retired Americans and those whose loved ones passed away. Just as much animosity surrounded other landmark legislative events like the expansion of Social Security into providing disability benefits and the creation of Medicare to provide healthcare for our nation’s senior citizens. We look at these programs much differently today in 2012 than at the time of their passage. Social Security in general today enjoys wide spread support from conservatives and liberals alike. Here are some recent poll numbers regarding Social…
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Retirees and Disabled Workers Benefit from Healthcare Reform

Today we pick up from our discussion Monday about how healthcare reform and the Affordable Care Act (“ACA”) will help Social Security beneficiaries. Social Security’s budgetary concerns have been no stranger to the news, but healthcare reform should benefit the largest portions of the federal budget – Medicare/Medicaid and Social Security. Recent predictions have Social Security retirement and survivor benefits running out of money in a few decades. Disability benefits may start being cut as early as 2017. With a few changes, however, these predictions may not be quite as dire as they often seem. The ACA improves funding and healthcare service for Americans who use Medicare and Medicaid. Many Social Security disability beneficiaries also receive their health coverage through one of these two programs. More efficient Medicare and Medicaid combined with a focus on preventive care should reduce the numbers of Americans receiving disability benefits. Many disability beneficiaries are…
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Healthcare Reform Should Help Social Security

The Supreme Court’s upholding of the Patient Protection and Affordable Care Act (“ACA”) last month will likely benefit disability beneficiaries as much as it will Americans with health concerns. The reason is that the ACA makes important changes to Medicare and Medicaid funding, which have important links with each type of Social Security benefits. Healthcare reform will help Medicare and Social Security Here are a few of the funding changes that the ACA will make: Increase funding for Medicare by a 0.9 percent tax increase for individuals making more than $200,000 a year and for married couples making more than $250,000 a year The increased funding will also come from taxes on investment income (from income like stock dividends, real estate rent and capital gains), but only for those whose investment income pushes their income above the limits in the previous bullet point Several changes will directly improve healthcare –…
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