Health Care Fines Press Millennials
Washington — Millions of young adults healthy enough to think they don’t need insurance face painful choices this year as the sign-up deadline approaches for President Obama’s health care law. Fines for being uninsured rise sharply in 2016 — averaging nearly $1,000 per household, according to an independent estimate. It’s forcing those in their 20s and 30s to take a hard look and see if they can squeeze in coverage to avoid penalties....
Social Security Benefits Won’t Be Increased
Washington — Older Americans got a double dose of bad news Thursday: There will be no cost-of-living increase in Social Security benefits next year, and Medicare bills are set to soar for many. It’s just the third time in 40 years that Social Security payments will remain flat. All three times have come since 2010. The annual cost-of-living adjustment, or COLA, by law is based on a government measure of inflation that was released...
