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In The Morning News

Posted By Dave Goldstein On April 7, 2008 @ 8:52 am In Bulletin Today | No Comments

US News And World Report [1]: Analysts Disagree Over Dire State Of Social Security
“By 2041, Social Security will be able to pay out 78 percent of benefits promised to retirees. That’s not good, but it’s not that bad, either. ‘Social Security is in good shape,’ argues Barbara Kennelly, president of the National Committee to Preserve Social Security and Medicare.” And “more people are paying into the fund than previously estimated. The catch: Those people are frequently illegal immigrants fraudulently using a Social Security number. Moral and legal issues aside, the illegal workers are paying their taxes.” One analyst said that “Social Security is relatively sound for two simple reasons: The United States has a higher birthrate than other industrialized countries, which means a big workforce to support the elderly. And, Social Security doesn’t offer very much.”
AP [2]:
Drug Recycling Plans May Offer Way To Lower Costs
“The struggle to keep soaring medical costs in check is feeding an increase in state programs that collect unused prescription drugs to give away to the uninsured and poor.” Certain states allow for “donations of sealed drugs from individuals, while others only accept pharmaceuticals from institutions, such as doctor’s offices or assisted-living homes. Drugs are typically vetted by pharmacists to cross-check safety, then distributed by hospitals, pharmacies or charitable clinics.” According to one state official, the “recycling programs pay for themselves ‘by just working with one patient and saving them and keeping them out of the hospital over the long term.’”
Bloomberg [3]: ID Theft Law Leads To Massive Law Suits
“Costco Wholesale Corp., FedEx Corp.’s Kinko’s unit and scores of other retail companies are under siege by lawyers pursuing them for billions of dollars in damages through a new federal identity-theft law.” Attorneys “are filing suits that put retailers at such financial risk, to the point of threatening bankruptcy, that some judges are refusing to certify them as class actions. Defendants are settling cases to avoid the cost of attorney fees and the risk of damages, according to court papers and defense lawyers.” A law “prohibits retailers from showing credit-card expiration dates or more than five digits of account numbers on printed receipts, with penalties of $100 to $1,000 for each infraction.”


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URLs in this post:

[1] US News And World Report: http://www.usnews.com/articles/news/national/2008/04/04/many-say-social-security-is-healthy-enough.html

[2] AP: http://www.latimes.com/news/nationworld/nation/wire/ats-ap_health10apr06,1,3867010.story

[3] Bloomberg: http://www.bloomberg.com/apps/news?pid=20601127&sid=asjEfoiAqZyM&refer=law

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