The only good thing about this year was its hindsight.
The easiest way to fix social security is by combining it with CMS (Medicare) and then going to a medicare for all system. The money involved will make Social Security solvent permanently and it would reduce the costs of medical insurance as well as boost the economy because it will put money in the tax holders hands and they would spend it on consumer goods. It would mean getting rid of insurance companies that are constantly in the top ten of the fortune 500 companies but I’m sure other companies will take their spots.
Not only will this work, it will eventually increase what you receive in Soc. Sec. retirement when you hit 65. With the current system, you might not receive anything when you are 65 but the fortune 500 companies will still be getting 30 million payouts for their CEO’s with golden parachutes and retiring on their yachts and villas. This is only my opinion but I don’t think death should be profitable.
The President that fixes Soc. Sec. will be guaranteed to be listed as one of the top three President’s to ever serve. It’s one of the heftiest tasks ever to be undertaken and will guarantee his/her legacy as it will guarantee Americans the financial security they paid for. If you look at history, the top two Presidents, Lincoln and Washington, the only two Presidents to serve in a ground war on American soil are almost impossible to surpass but the person that brings this country to financial solvency is guaranteed spot three.
From the magazine Fortune that prints the fortune 500 list, coming at number 7, drum roll please….
The nation’s largest health insurer fired on all cylinders in 2019, with a 7% increase in revenues that brought the company to a total of $242 billion. Its UnitedHealthcare division grew by $10 billion last year, but the insurer’s real not-so-secret weapon continued to be its Optum unit, which provides an array of health care services including data analytics and pharmacy benefits management. Optum revenues climbed 12% year-over-year to $113 billion. UnitedHealth Group also has considerable ambitions for its Medicare Advantage business, which had its best-ever enrollment last year, adding 325,000 elderly Americans.