It is difficult to imagine any bipartisan solution that will not require some balance of increased taxes and, at least for some, moderation of benefit growth.
The momentum toward a tax reform bill this summer could hinge on how successfully House Speaker Paul D. Ryan (R-Wis.) is able to corral his caucus to support a health care bill.
Reps. Johnson, Larson, and Ribble are providing an important public service by keeping a focus on Social Security’s serious funding issues.
Proportionally adjusting benefits based on an individual’s work history is far more equitable and simpler than the current approach.
Despite broader disagreements, members of both parties are working on a modest but important change to improve the Social Security’s benefit structure.
The legislation would permanently replace Medicare’s SGR payment system, extend funding for CHIP, and implement structural reforms in Medicare.
The need for action is an opportunity to ensure not only that benefits are preserved for current beneficiaries but also to modernize elements of Social Security.
Expect more bipartisan action on the regulation of health software technologies in 2015.