This week at CBPP, we focused on health care, Social Security, housing, the federal budget, and state budgets and taxes.
On health care, Judith Solomon noted that we can do more to address data-matching issues that put households’ health insurance coverage and subsidies at risk. Edwin Park explained that making the Medicare Advantage risk-adjustment system as accurate as possible should include reducing overpayments to insurers.
On Social Security, Kathy Ruffing cautioned that the Congressional Budget Office’s (CBO) new projections for Social Security are no reason to panic or call for sharp cuts in Social Security’s modest and vital benefits. Paul Van de Water highlighted new CBO estimates that Social Security benefits replace only about 40 percent of an average retiree’s recent earnings, confirming that benefits are modest.