BOSTON, July 20 /PRNewswire-USNewswire/ -- The federal government's push to require all recipients of Social Security and other benefits to receive payments by direct deposit will expose many seniors to predatory payday loans made by banks. That's the conclusion of "Runaway Bandwagon: How the Federal Government's Push for Direct Deposit of Social Security Benefits Has Exposed Seniors to Predatory Bank Loans," a new report issued by the National Consumer Law Center.
As West Virginia's Public Employees Insurance Agency continues to catch flak for ending future retiree subsidies, it's still trying to save money while covering 35,000 or so of its current retired policyholders. The agency issued a request for proposals last month to find a new insurer to run its Medicare Advantage plan. This privately run portion of the government health program for seniors enjoys a government subsidy, and generally offers more benefits than traditional Medicare.
As West Virginia's Public Employees Insurance Agency continues to catch flak for ending future retiree subsidies, it's still trying to save money while covering 35,000 or so of its current retired policyholders. The agency issued a request for proposals last month to find a new insurer to run its Medicare Advantage plan. This privately run portion of the government health program for seniors enjoys a government subsidy, and generally offers more benefits than traditional Medicare.
Walter Williams is nuts ("Seniors should spend their own assets, not take federal handouts," Aug. 11). He thinks seniors should give up government benefits they have paid into for 40-plus years. He intimates someone with a home worth $300,000 and an income of $18,000 a year is wealthy. Really? How about not bailing out failing companies, not giving more and more to those who do not want to work through welfare and unemployment checks, not giving more money to unions for them to give to Democrats for their election coffers, and no more government jobs that pay twice what private-sector ones do.
Hunkering under a $14 trillion debt ceiling, Congress and the Obama administration are negotiating possible changes to Medicare and other benefits programs as part of a deal to increase the government's ability to borrow. But local seniors want lawmakers to keep their paws off the federally sponsored health insurance program for the elderly.
Hunkering under a $14 trillion debt ceiling, Congress and the Obama administration are negotiating possible changes to Medicare and other benefits programs as part of a deal to increase the government's ability to borrow. But local seniors want lawmakers to keep their paws off the federally sponsored health insurance program for the elderly.
Hunkering under a $14 trillion debt ceiling, Congress and the Obama administration are negotiating possible changes to Medicare and other benefits programs as part of a deal to increase the government's ability to borrow. But local seniors want lawmakers to keep their paws off the federally-sponsored health insurance program for the elderly.
Hunkering under a $14 trillion debt ceiling, Congress and the Obama administration are negotiating possible changes to Medicare and other benefits programs as part of a deal to increase the government's ability to borrow. But local seniors want lawmakers to keep their paws off the federally-sponsored health insurance program for the elderly.
It was refreshing to hear all those unambiguous declarations from President Obama on Wednesday. "I will not" let Medicare become a voucher program or deprive families with disabled children of needed benefits. "We will" reform government health care programs without disavowing the social compact. "I refuse" to sign another renewal of the Bush tax cuts for millionaires. Republicans "want to give people like me a $200,000 tax cut that's paid for by asking 33 seniors each to pay $6,000 more in health costs. ... And it's not going to happen as long as I'm president. OK, there weren't any lines with the simple heat of "Mr. Gorbachev, tear down this wall" or the terse power of "Make my day." But Obama's budget manifesto represented a significant warming of his usually cool rhetoric. He said ...
IT WAS refreshing to hear all those unambiguous declarations from President Barack Obama on Wednesday. "I will not" let Medicare become a voucher program or deprive families with disabled children of needed benefits. "We will" reform government health-care programs without disavowing the social compact. "I refuse" to sign another renewal of the Bush tax cuts for millionaires. Republicans "want to give people like me a $200,000 tax cut that's paid for by asking 33 seniors each to pay $6,000 more in health costs. ... And it's not going to happen as long as I'm president. OK, there weren't any lines with the simple heat of "Mr. Gorbachev, tear down this wall" or the terse power of "Make my day." But Obama's budget manifesto represented a significant warming of his usually cool rhetoric. H...
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