Oct 30, 2007

Effect Of Proposed Procedural Changes

The procedural changes proposed by the Social Security Administration yesterday will cause significantly fewer disability claims to be approved. That is not my assessment, but the Social Security Administration's assessment. The regulatory proposal contains an estimate of the expected effect upon the Social Security trust fund. The estimate is that the savings peak in 2012 with a $215 million reduction in benefit payments and that the total savings in benefits paid over ten years are $1.531 billion. That is a lot of claimants whose cases who would be denied as a result of this proposal, probably thousands each year.

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