In one of his first moves after being elected House speaker last week, Mike Johnson promised to form a bipartisan debt commission to tackle what he termed “the greatest threat to our national security.” The announcement sent shivers down the spines of advocates for Social Security and Medicare.
In one of his first moves after being elected House speaker, Mike Johnson promised to form a bipartisan debt commission to tackle what he termed “the greatest threat to our national security.” The announcement sent shivers down the spines of advocates for Social Security and Medicare. That’s because when Johnson chaired the Republican Study Committee a few years ago, the conservative group called for a variety of changes to the entitlement programs that it argued would save them from insolvency.
As for Medicare, the group would raise the eligibility age to match that of Social Security’s full retirement age and then index it to life expectancy. It would increase premiums and provide what it called “premium support” – which critics deride as vouchers – to allow enrollees to buy private health insurance plans. These changes, among others, would cut spending on Social Security by $756 billion over a decade and on Medicare by $1.9 trillion, according to the budget plan.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mike Johnson's Porn 'Monitoring' Remarks Spark National Security ConcernsThe new House Speaker, spoke about how he installed 'accountability software' called Covenant Eyes on his devices to monitor online activity.
Read more »
Social Security update: First round of direct payments worth up to $4,555 arrives in three daysMisty Severi is a breaking news reporter for the Washington Examiner. She has a particular interest in the United States military, European and international politics, and U.S. and European history.
Read more »
Social Security update: Direct payment worth $914 arrives in 26 daysMisty Severi is a breaking news reporter for the Washington Examiner. She has a particular interest in the United States military, European and international politics, and U.S. and European history.
Read more »
Haley seen as top Trump challenger before debate, with plan for Social SecurityFive Republican presidential hopefuls due to face off Wednesday night, while their contest’s frontrunner again skips the clash
Read more »
How Social Security's overpayment mistakes can become your responsibilityEach year, about a million people are told they owe the Social Security Administration money because the agency miscalculated their benefits and paid them too much.
Read more »