Social Security and Medicare Seeing Through Loopholes Essay

People receiving Social Security and Medicare need to prepare for drastic changes. Social Security and Medicare in unity has been around since 1965. President Lyndon B. Johnson decided to help the elderly pay for expensive medical necessities from doctor visits to medicine. President Johnson knew that elderly individuals would have less income and pay more for medical necessities than younger individuals. He made Social Security and Medicare a number one priority during his presidency, unaware years down the line funding would become scarce and so many doctors and pharmaceutical companies would try to squeeze the life out of it. Through the years doctors’ and pharmaceutical companies have become greedy. Doctors diagnose patients,†¦show more content†¦For example, the benefits are made up of taxes taken from the working class people and distributed by a circular calculations based upon the cost of living. In Joseph and Dorothy Matthews book Social Security, Medicare Government Pensions they point out the different obstacles funding these programs will face: Social Security is facing pressure to lower benefits†¦ due to longer life-spans, an overall population increase †¦the Baby Boomers beginning to reach retirement age, and the increase in the number of people receiving Social Security and Medicare benefits. If the system continues as-is, the total benefits will eventually surpass the amount of taxes paid into the system by younger workers. If the system is not altered at some point full benefits will not be paid as promised. (13) Furthermore, in a decade Social Security recipients will face further denial of benefits, whether they are eligible or not due to the decrease of funding payouts. While currently eligible recipients fall short of receiving benefits and hire attorneys to battle for their money’s. Within a decade denial of benefits will become a more established problem with a greater failure rate, one of the main reasons why changes are in the making early. Those fortunate to receive benefits will still face problems with choosing plans that may or may not cover the type of specialist needed for their particular illness or disease, but Social Security andShow MoreRelated The Bill of Rights: Americas Last Defense Against the Federal Suffocation of Civil Liberties?1833 Words   |  8 Pagesto restrict many rights that are not expressly declared in the Constitution and the Bill of Rights. Perhaps, it is necessary to convene a convention dedicated to defining and expanding the protected rights and to put these revisions to the people through normal amendment processes requiring ratification by three-quarters of the states. nbsp;nbsp;nbsp;nbsp;nbsp;To begin, we need to understand what a â€Å"bill of rights† is and where it comes from. Bills, or lists, of rights litter American colonialRead MoreCase Scenario1762 Words   |  8 Pagesprovide access to medical services. In the past, particular groups of people have been selected based on their economic status or their distinctive social circumstances. The policies include Medicaid (for poor children), Medicare (for the elderly), Veterans’ Administration (for veterans), Indian Health Services (for Native Americans) and renal failure security (for transplants and kidney dialysis). The purpose of this study The research’s main focus is to investigate the how government and nursesRead MoreBhopal Gas Disaster84210 Words   |  337 PagesCommissioner. Assistant Registrar of Gas Welfare DS Solanki told The Pioneer that the claim was accepted only after going through attached documents that include age proof. Speaking on the particular case, the assistant commissioner said the genuineness of the claim could be cross checked after verification of attached document. Mr Solanki assured that they would again go through the documents and take action against the guilty on discovering the fraud. Pioneer / Delhi 23/01/06 Bhopal gas victimsRead MoreContemporary Issues in Management Accounting211377 Words   |  846 Pagesinformation and cyber security, cost management systems, and capital investments. He is the author of more than eighty-five articles, published in such journals as The Accounting Review; Journal of Computer Security; Journal of Financial and Quantitative Analysis; ACM Transactions on Information and System Security; Communications of the ACM; Accounting Organizations and Society; Journal of Accounting and Public Policy; Journal of Business Finance and Accounting; Computer Security Journal; Managerial