Tag Archives: Obamacare

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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Medicare, Disability Benefits and Obamacare

The big political news during the last week of June was of course the decision from the US Supreme Court upholding the majority of the Patient Protection and Affordable Care Act (“PPACA”) (commonly referred to as “Obamacare” by both critics and supporters of the legislation). The one change that the Supreme Court demanded was to the expansion of Medicaid under the PPACA. While the legislation originally conditioned all Medicaid funding on a state’s acceptance of the expansion, the Supreme Court ruled that only the expansion could be conditional; that is, states can stick with their original Medicaid program without fear of losing it if they do not accept the expansion. How does Medicaid and Medicare work with disability benefits? Remember that Medicaid and Medicare are two different programs. Medicare is a form of federal health insurance; it is mostly for Americans aged 65 and older, but younger Americans with disabilities…
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Parallels Between Social Security in 1937 and Today’s Issues

A popular saying is that “the more something changes, the more it stays the same.” It is a phrase that we will probably hear quite a bit as politics surrounding the 2012 Presidential election heat up. One of the areas where it rings true is the current debate surrounding the Affordable Care Act (“Obamacare,” as we often hear). The connection – for better or worse – that many are making is between Obamacare and the first days of Social Security. As the Republican primaries have demonstrated, no politician will likely be seeking to drastically cut or change Social Security. Americans – both Republicans and Democrats – overwhelmingly support Social Security benefits, but many may not be aware that this was not always the case. Social Security almost never came into existence. Social Security’s creation came about with President Franklin D. Roosevelt’s 1935 Social Security Act. It was by no means…
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Age 67 Medicare Eligibility May Lower Your Social Security

Recent new analysis suggests that even if government cuts do not directly affect Social Security, Social Security beneficiaries may still feel the effects indirectly. The Super Committee tasked with finding ways to trim the federal deficit is considering raising the age for which Americans become eligible for Medicare from 65 up to 67. Those savings, some experts believe, would come at the expense of retirees’ Social Security benefits. The Super Committee recently heard testimony from a Morgan Stanley executive who said that raising the age would be a good way to bridge the divide between Democrats and Republicans. He also noted that the Affordable Care Act (“Obamacare,” as some call it) would help 65- and 66-year-olds find coverage in the private sector. Raising the Medicare eligibility age has support from members of both parties, so it is a feasible change. On the other hand, several think tanks and organizations believe…
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