1. New Deficit Plans Calls for Reduction in Social Security
... a decrease in the health care savings from overhauling the medical malpractice system. Unlike the original proposal, the revised version does not call for a cap on medical malpractice awards, but instead recommends a change in how awards are made (Andrew and Kuhnhenn). The proposals that did not change from the original draft include a gradual increase in the Social Security retirement age to 68 by ... 2050 and 69 by 2075. The cost-of-living for the programs will decrease, and the cap on income subject to Social security taxes will increase. The plan also calls for an increase in the pr...
- Word Count: 495
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate