"Raising the retirement age would inflict further hardship among a group of workers who are likely to face health and economic problems in their 60s." –Doug Hart, President, Arizona Alliance for Retired Americans
"Of all the lies and confusion that still surround the Affordable Care Act, perhaps the greatest is that it is bad for seniors." - Dave Meinell, President, Missouri Alliance for Retired Americans
"My father died when I was three. Because of Social Security (survivors) benefits, my Mom, my younger sister and I survived." – Diane Fleming, DC Alliance Member
"We fear that Congress will balance the budget on the backs of the 98 percent, which is working Montanans and retired Montanans. We simply cannot afford these devastating cuts to vital services such as Social Security, Medicare and Medicaid," –John Forkan, President, Montana Alliance for Retired Americans
"Along with national parks and Social Security, Medicare is one of the best ideas we Americans have ever devised." -Tim Cunningham, New Mexico Alliance Member
"Seniors have earned and deserve their Social Security checks, and they shouldn't have to go to Congress every 10 years and beg for the program to be renewed." –James Parent, Alliance for Retired Americans Regional Board Member
"Today's retirees paid Medicare and Social Security taxes in every paycheck we ever earned. Now that we are retired, these programs help us to be able to stay healthy and pay our bills. They are the promise we make to people who worked hard all their lives, and we need to keep that promise for today’s workers." –Tony Fransetta, former President, Florida Alliance for Retired Americans
"Today's seniors want to lower the budget deficit. We do not want a large debt to be the legacy we leave to future generations, but we should not punish people who have paid Social Security taxes all their lives." –Jim Moore, former President, North Carolina Alliance for Retired Americans
"Social Security should remain what it has been for 77 years – a solid, reliable way that generations of workers have been able to retire with dignity, economic security, and peace of mind." –Barbara J. Easterling, President, Alliance for Retired Americans
"The fight for Social Security and Medicare is part of a larger fight for justice and fairness"—Barbara J. Easterling, President, Alliance for Retired Americans
"The health insurance reform helps not just seniors, but also middle-class families and young Americans, who are just starting to see the benefits. Don’t let Republicans take all that away." –Don Rowen, President Emeritus, Iowa Alliance for Retired Americans
"Honoring the promise of Social Security and Medicare should not be a partisan issue. Honoring the contributions that we make throughout our working years so that we may feed and clothe ourselves, keep a roof over our heads and those of our family, there is no reason for that to be a hotly contested partisan issue." –Edward Coyle, former Executive Director, Alliance for Retired Americans
"We need to make sure that people who need Social Security to make ends meet will have it, and not fall victim to ill-informed and unnecessary cuts to these vital programs."
–Barbara J. Easterling, President, Alliance for Retired Americans
|Receive Email Updates and Friday Alerts|
Trustees Reports: Social Security Steady, Medicare Financial Outlook Improved
May 31, 2013
The Social Security and Medicare Trustees issued their annual reports on the state of the two programs’ finances today. Social Security, according to its Trustees, has a $2.7 trillion surplus, enough to fully meet the demands of a growing retiree cohort through 2033 – the same as last year. With no action from Congress, it would cover most benefits through 2087. The Trustees report for Medicare noted that its Trust Fund, which covers hospital care, can fully pay benefits through 2026 – two years later than forecast last year. The Medicare trustees report shows reduced cost growth; this is further proof in many experts’ eyes that health care reform is working for seniors.
AFL-CIO President Richard Trumka and Alliance Executive Director Edward Coyle issued a joint statement about the reports. “We must call out those who will try to misuse today’s report as political cover for unwarranted and ill-advised benefit cuts, like switching to the ‘chained CPI’ to calculate Social Security’s annual cost of living increase (COLA),” Mr. Trumka and Mr. Coyle said. To read their full statement, go to http://tinyurl.com/k6qnk3u.
Immigrants are Helping Medicare’s Solvency
Kaiser Health News, quoting a study in the journal Health Affairs, reported on Wednesday that immigrants contribute more to Medicare than they take out. Between 2002 and 2009, immigrants generated a cumulative surplus of $115 billion for the trust fund, the study found. Most of the surplus contribution came from noncitizens. The immigrants created a net gain primarily because of demographics: There are 6.5 immigrants of working age for every one elderly immigrant, but only 4.7 working-age native citizens for every one retiree. That ratio could change in the future; however, the report notes that the Census Bureau projects that the share of immigrants in the U.S. will increase for the next 18 years.
Kaiser reports that the authors added personal views not often found in academic papers of this sort, writing, “…economic concerns — including the worry that immigrants are driving up US health care costs — have often dominated the debate over immigration. Our data offer a new perspective on these economic concerns.” The full Kaiser article is available at http://tinyurl.com/nrxfjko.
UMWA Speaks Out Against Bankruptcy Ruling That Cuts Off Retiree Health Care
The U.S. Bankruptcy Court of the Eastern District of Missouri has ruled in favor of proposals by Patriot Coal to eliminate its collective bargaining agreements. The United Mine Workers of America (UMWA) has adamantly denounced the ruling and plans to appeal in Federal District Court. Patriot was created by Peabody Energy in 2007 with 43 percent of Peabody’s liabilities but just 11 percent of its assets. Because Patriot was created with insufficient assets to meet its liabilities to retired miners, analysts such as Bruce Rader, Professor of Finance at Temple University, have described the company as “designed to fail.” By creating Patriot and allowing it to go bankrupt, Peabody has deprived tens of thousands of workers of the benefits they earned.
Under the Bankruptcy Court’s ruling, Patriot will be allowed to cease paying for retiree health care benefits as early as July 1. Responsibility for paying benefits would be handed over to a Voluntary Employee Beneficial Association (VEBA), which will only have guaranteed funding of $15 million plus a royalty payment of $0.20 per ton of coal the company produces, which may add approximately $5 million to the VEBA per year. Current health care costs for these retirees average nearly $7 million per month.
“What Peabody Coal is doing is absolutely criminal. They are using our nation’s bankruptcy laws as a license to steal from the sick and the elderly,” said Barbara J. Easterling, President of the Alliance. “You cannot break a promise just because you want to make more money.” Ms. Easterling was arrested earlier this month at a peaceful protest of Peabody’s actions in St. Louis.
Report Ranks States Based on Measures of Senior Health
A new report ranks the 50 states based on 34 different measures of senior health. These measures range from the rates of chronic conditions among seniors to the availability of medical care to the rate of seniors living in poverty. Minnesota, which has a high number of home health care workers and a low rate of hunger among seniors, was ranked the best state for senior health. Mississippi, which has a high percentage of seniors living in poverty and a high rate of premature death, was the lowest ranked state. To read a USA Today story about the report, go to http://tinyurl.com/o3aotx6. To view the report itself, go to http://tinyurl.com/llkopd4.
“This report shows a wide range of variability between different areas of the country,” said Ruben Burks, Secretary-Treasurer of the Alliance. “While even the highest ranked states still have some challenges to overcome, we hope that this report will present an opportunity for state governments to learn from each other and implement policies that are currently in place in highly ranked states.”
Alliance Observes Memorial Day
On Monday, the Alliance joined with the AFL-CIO Union Veterans Council in observing Memorial Day. The holiday marks a reminder of the importance of Social Security not just for retirees but also for other groups in need of Social Security benefits, including the survivors of the brave military men and women who are killed in action. “Since 1868, this holiday has served as a moment when Americans remember the men and women of the military who lost their lives to preserve our freedom,” said James Gilbert, Director of the AFL-CIO Union Veterans Council.
Obituary: NARA Member Janice Ayres
Beloved Nevada Alliance member Janice Ayres passed away on Monday. She was 92. Her obituary in the Nevada Appeal can be read at http://tinyurl.com/jvthxam. A celebration of her life will be held on June 7th at 11:00 a.m. at the Presbyterian Church at 115 N. Division Street in Carson City.
“On behalf of the Nevada Alliance Board of Directors and our members, we extend our deepest sympathies to the Ayres family, the Nevada Rural Counties Retired and Senior Volunteer Program (RSVP) staff, and all seniors for whom Janice fought and assisted,” said Scotty Watts, President of the Nevada Alliance. “She was my dear friend and she will always be remembered for her compassion for seniors.”