Category: Elderly

Social Security and Medicare Funds Still Face Long-Term Shortfalls, Report Says

The New York Times – Business:
Slower economic growth could mean some retirement benefits will be cut sooner than originally forecast.
Check Fraud Is on the Rise. Here’s What You Can Do to Prevent It.

The New York Times – Business:
Even as fewer people use paper checks, there have been more reports of criminals stealing them from mailboxes and changing the dollar amount and name of the recipient, officials say.
More Retiree Health Plans Move Away From Traditional Medicare

The New York Times – Business:
Retirees whose former employers offer health coverage are being shifted to privately run Medicare Advantage, often against their wishes. The change saves millions for employers.
FDA Panel Recommends 2 RSV Vaccines for Older Adults

The New York Times – Business:
The shots, if approved by the agency, would be the first vaccines publicly available against a respiratory virus that kills thousands a year. Some advisers did cite a small but identifiable health risk.
How Health Insurance Works in China, and How It’s Changing

The New York Times – Business:
China is undertaking a far-reaching overhaul of its health care system as its cities reel from the financial pressure of three years of strict Covid policies.
Fixing Social Security and Medicare: Where the Parties Stand

The New York Times – Business:
Republicans and Democrats have sharply divergent approaches to repairing the programs. Any solutions will affect younger workers as much as retirees.
Thousands of Chinese Retirees Protest Government Cuts to Benefits

The New York Times – Business:
The protest in Wuhan highlights the strain on the finances of local governments, made worse by heavy spending on “zero Covid” measures.
Food Prices Weigh on Seniors’ Savings, Health and Even Social Ties

The New York Times – Business:
As costs rise, many older Americans have changed the way they shop and eat out. For some, it could affect their health or leave them feeling isolated.
U.S. Retirees Lost Millions to Romance Scams During Pandemic Isolation

The New York Times – Business:
Con artists are using dating sites to prey on lonely people, particularly older ones, in a pattern that accelerated during the isolation of the pandemic, federal data show.
New Medicare Rule Aims to Take Back $4.7 Billion From Insurers

The New York Times – Business:
The government plans to aggressively audit Medicare Advantage plans for overbilling but may face lawsuits.
Their Children Are Their Retirement Plans

The New York Times – Business:
The offspring of many East Asian immigrants are raised to support their elders in their later years. That gives a segment of Americans challenges others don’t face.
Regulators Announce Changes to Nursing Home Rating System

The New York Times – Business:
The federal agency that oversees nursing homes has tightened rules around the use of powerful antipsychotic drugs.