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Friday, May 15, 2020

Focusing efforts on reducing costs of COVID-19 for those least able to bear them

Elaine Weiss, Lead Analyst for Income Security

Over the past two months, it has become clear that, like many other crises to hit the United States in recent decades – Hurricanes Katrina, Harvey, and Maria and the floods and droughts that have wiped out farms across the Midwest and California – the COVID-19 pandemic is disproportionately hurting those with the fewest resources to cope. The second Virtual Roundtable in the Academy’s Responding to COVID-19 series highlighted these realities.

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Tuesday, May 12, 2020

The Impact of the COVID-19 Pandemic on Social Security's Financing and Benefits

William Arnone, Chief Executive Officer

The 2020 Report of the Social Security Trustees, released on April 22nd, notes that, using its best-estimate assumptions, the reserves of the combined Old Age Survivors and Disability Insurance (OASDI) Trust Funds along with projected program income are sufficient to cover projected program cost over the next 10 years. By 2035, however, these combined reserves are projected to be depleted. Unless Congress acts, the projected revenues will be sufficient to pay only 79% of scheduled benefits.

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Posted on May 12, 2020  |  Write the first comment
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Friday, May 8, 2020

Responding to the COVID-19 Crisis: Impacts on the Disability Community

Bethany Cole, Research Assistant for Health Policy

On Tuesday, May 5th, 2020, Academy Members and partners convened for the Academy's third Virtual Roundtable on Responding to the COVID-19 Crisis: Impacts on the Disability Community, moderated by Rebecca Vallas, Senior Fellow at the Center for American Progress. The online discussion featured three Academy experts:

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Posted on May 8, 2020  |  Write the first comment
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Monday, April 20, 2020

In Memoriam: Paul O'Neill

William Arnone, CEO, National Academy of Social Insurance

Academy Founding Member Paul H. O’Neill passed away on April 18th. Paul O’Neill’s career was characterized by candor, foresight, and courage. His tenure at Alcoa was marked by his commitment to worker safety and better labor relations. As Treasury Secretary in 2001 and 2002, he opposed tax cuts and urged more aggressive measures to combat global warming. He prided himself on being a non-ideological pragmatist who valued facts and evidence.

Before serving as Secretary of the Treasury under President George W. Bush, O’Neill was Chair and Chief Executive Officer of Alcoa and President of International Paper. He also served as Deputy Director of the Office of Management and Budget (then called the Bureau of the Budget). His first job after graduating college was at the U.S. Veterans Administration.

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Posted on April 20, 2020  |  6 comments  |  Add your comment
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Friday, April 17, 2020

Biden’s proposal to lower Medicare eligibility to 60: Design options and potential impacts

Bethany Cole, Research Assistant

Democratic presidential candidate Joe Biden has called for lowering Medicare’s eligibility age to 60. What are the potential impacts and policy design issues to consider?

 

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