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March 27, 2011

One way Social Security IS in trouble

I had no idea, until reading this, that Medicare recipients had a "make good" payment from Social Security if the change in Social Security's COLA was not enough, by itself, to cover the annual rise in Medicare Part B premiums, which cover doctor visits and are paid for out of Social Security benefits.

First, this is obviously a robbing Peter to pay Paul issue, so it's dumb on that grounds.

Second, by shuffling off part of Medicare's problems onto Social Security, it hides some of Medicare's problems.

Third, it increases the likelihood politicians of BOTH parties will wrongly handle both Medicare and Social Security.

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