Archives for retirees

How the health care industry will be affected by the sequester

Whether it be through reductions to defense or governmental staffing, tomorrow marks the day that the sequester cuts go into effect. It is yet again an issue that has Americans – and especially retirees – quite anxious. Sources say that Medicare won’t be directly affected, however, the trickle-down affect may cause rumbles to the system. According to an article published by U.S. News, there are three key areas that are cause for health care concern: 1. Hospitals: Decreases in Medicare reimbursement for hospitals and skilled nursing facilities are set to total nearly $4.5 billion, or about $1.3 million for the
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Elderly Americans considered winners in fiscal cliff deal

In the 11th hour, Republicans and Democrats found common ground, keeping the U.S. economy from tumbling over the fiscal cliff. That doesn’t mean, however, that everyone is happy about the outcome. Many consider the deal a losing battle, although, according to the Huffington Post, America’s elderly aren’t part of that contingency. They can be considered among the winners of the fiscal cliff deal, which also includes rich individuals, the unemployed and doctors. “As recently as yesterday morning, it was taken for granted that one of the major provisions of an alternative to the fiscal cliff would be cuts in the
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