Small businesses would be able to band together to create a joint 401(k) retirement plan, and some part-time workers could participate in their employer’s plan, under proposals to be included in President Obama’s final budget to Congress.
En español | Today I was honored to attend the White House arrival ceremony for Pope Francis. Along with the president and the first lady, my husband and other invited guests, I witnessed firsthand the pope’s energy and style, as he dove into his much-anticipated visit to the United States.
President Barack Obama and a host of experts and advocates for older Americans gathered at the White House July 13 to discuss a variety of issues about aging in America. Government programs such as Medicare, Medicaid and Social Security are great triumphs, Obama told nearly 200 attendees at the White House Conference on Aging, which since 1961 has been held about once a decade to help chart the course of policies on aging. More than 600 “watch parties” were held across the country, allowing thousands more to view the conference online.
Thanks to the determination of millions of hardworking Americans, our economy has come a long way since the financial crisis seven years ago. Our businesses have created more than 12.8 million new jobs over 64 straight months — the longest streak on record. Our high school graduation rate is at an all-time high. More Americans are finishing college than ever before. And more than 16 million additional Americans have health care — and the uninsured rate is the lowest on record.
Some 6.4 million Americans in states relying on the healthcare.gov federal insurance exchange will continue to receive subsidies for coverage after the U.S. Supreme Court ruled June 25 that the Affordable Care Act allows such financial support.
AARP applauds the U.S. Supreme Court’s King v. Burwell decision today that allows individuals who purchased health insurance through the federal exchange to continue receiving subsidies to help pay premiums. The Affordable Care Act’s (ACA) goals of improving affordability and removing barriers to access for health insurance have been critical in reducing the number of uninsured Americans. Importantly, for older Americans, we have seen a 31 percent drop in the uninsured rate for those ages 50-64.
After 17 years of kicking the proverbial can down the road, Congress has come together in bipartisan fashion to repeal and replace Medicare’s flawed formula for reimbursing doctors with an improved payment plan. With President Obama’s April 21 signature of the Medicare and CHIP Reauthorization Act (MACRA), Medicare beneficiaries can finally feel more secure in knowing that they can keep seeing their physicians each year.
At AARP, we know that the people we represent have worked hard to save for retirement, and we believe that they deserve to have financial advisers who work just as hard to protect and grow their savings.
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