Cuts Archives - DR News - News, Retirement, Finance

Social Security Insolvency Looming: Will Congress Act in Time to Avoid Benefit Cuts?

Washington, D.C., USA – Social Security’s trust funds are in dire straits, with looming depletion threatening steep payment cuts for retirees in less than a decade. The latest annual report from the Social Security trustees indicates that the Old-Age and Survivors Insurance trust fund is projected to run out of funds by 2033, potentially triggering a 21% reduction in benefits for recipients. If no congressional action is taken to address the impending shortfall, beneficiaries of …

Benefit Cuts Loom: Social Security Report Warns of Bleak Future for Retirees

Washington, D.C. – A highly anticipated government report set to be released today will reveal updated projections for Social Security’s financial health. The program, crucial for providing benefits to retirees, the survivors of workers, and individuals with disabilities, is facing a concerning outlook. The report is expected to highlight the pressing issue of the program paying out more than it collects, leading to potential automatic benefit reductions projected to begin in the 2030s as the …

Medicaid Cuts Leave Thousands of Texans Without Health Coverage

Dallas, Texas – Over the past year, one-third of Texans enrolled in Medicaid in March of last year have lost their coverage as federal health insurance program expansions put in place during the pandemic have come to an end. According to recent data, more than 2 million Texans were removed from Medicaid in the last 13 months, with another 2.1 million having their insurance renewed. As of March 31, 2023, Texas had approximately 6 million …

Cuts to Social Security and Medicaid Proposed by Ohio Congressional Candidate Kevin Coughlin

Columbus, Ohio – During a recent on-air candidate forum in February, Ohio Republican congressional candidate Kevin Coughlin advocated for cuts to Social Security and Medicaid as a means to address the national debt. Hosted by Chris Long of the Ohio Christian Alliance, the forum delved into Coughlin’s views on how Congress can tackle the issue of national debt plaguing the country. Coughlin emphasized the necessity for entitlement reforms, pointing out that a significant portion of …

Profit-driven Staff Cuts Boost Mission Hospital’s Patient-Care Profits: Report

Asheville, North Carolina – A recent report by Mark Hall, director of the health law and policy program at Wake Forest University, reveals that staff cuts at Mission Hospital have significantly increased patient-care profits following its acquisition by HCA Healthcare. The report tracked the hospital’s profits from 2011 to 2022, showing a sharp rise in profits after HCA took over the facility in 2019. Despite reporting losses during the height of the COVID-19 pandemic in …

Social Security Advocates Rally in Superior Against Benefit Cuts

Superior, Wisconsin – Members of the Wisconsin Alliance for Retired Americans gathered in Superior to express their concerns over potential cuts to Social Security benefits. The rally, attended by residents who heavily rely on these entitlements, featured individuals holding signs advocating for the expansion of Social Security. Ross M. Winklbauer Sr., the President of the Wisconsin Alliance for Retired Americans, highlighted ongoing legislative efforts aimed at reducing the benefits received by Social Security recipients. He …

Reimbursement Cuts Threaten Minnesota’s Mental Health Crisis Solving Efforts

Minneapolis, Minnesota – As mental health care providers in Minnesota face a looming crisis, the consequences of an ill-advised reimbursement cut passed last year are becoming increasingly clear. The reduction in funding, combined with a decrease in licensed beds in children’s residential treatment facilities, has resulted in significant challenges for both young patients and adult mental health providers in the state. According to AspireMN, a St. Paul-based advocacy organization, the number of licensed beds in …

Medicare Cuts Impact 33 Million Seniors, Sparks Outcry from Congress

Vancouver, Washington – In a recent State of the Union Address, President Biden made a bold promise to protect Medicare benefits for seniors, pledging to prevent any cuts to the program. However, concerns have arisen as the Centers for Medicare and Medicaid Services (CMS) announced a reduction in Medicare for 33 million seniors through cuts to the Medicare Advantage program. During a Senate Appropriations Committee hearing, Health and Human Services Secretary Xavier Becerra faced scrutiny …

Medicare Advantage Cuts by Biden Prompt Backlash – WSJ Report

Washington, DC – President Biden’s recent policy decisions have led to significant changes in the Medicare Advantage program. The adjustments in the program aim to enhance transparency and efficiency in healthcare services for seniors across the United States. This alteration comes as a part of Biden’s overall healthcare agenda, emphasizing the importance of affordable and accessible healthcare for all. The Medicare Advantage program is a crucial component of the nation’s healthcare system, providing coverage to …

Medicaid Coverage Cuts Impact Millions of New Yorkers during Pandemic Shutdowns

New York City, New York – In a significant development, millions of New Yorkers have lost their Medicaid coverage due to changes in federal policies during the pandemic. This shift has led to a wave of disenrollments across the state, impacting a substantial number of individuals who rely on this essential healthcare program for coverage. According to a recent report by the Kaiser Family Foundation, approximately 1.4 million New Yorkers were removed from Medicaid as …