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Older Americans on Medicare will save over $1.5 billion every year in out-of-pocket costs due to the drug price discounts, U.S. Senate Majority Leader Charles Schumer, D-NY, said in a statement.
For about half of seniors, Social Security provides at least half of their income, and for about 1 in 4 seniors, it accounts for at least 90% of income.
The Social Security Trust Fund will be depleted by 2034, based on current law projections. Payments to beneficiaries thereafter will be limited to program tax receipts. Source: 2015 OASDI Trustees Report. U.S. Social Security Trust Fund: Payroll taxes and revenues add to the fund, while expenses (payouts) reduce it.
As per the Economic Survey of the Government of India of 2022–23, the general government (federal, states and local bodies combined) expenditure on social protection (direct cash transfers, financial inclusion, social benefits, health and other insurances, subsidies, free school meals, rural employment guarantee and housing grants for the low income), was approximately ₹ 2,130,000 crore ...
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Supplemental Security Income (SSI) is a means-tested program that provides cash payments to disabled children, disabled adults, and individuals aged 65 or older who are citizens or nationals of the United States. [1]
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