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Question - has anyone conducted an analysis on the impact of Covid on Social Security?
None ^ | 12/02/2020 | self

Posted on 12/02/2020 12:15:01 PM PST by taxcontrol

I was just thinking that with thousands dying from Covid, that the pressure on Social Security should be lessening. Has anyone seen an analysis?


TOPICS: Business/Economy; Chit/Chat; Miscellaneous; Society
KEYWORDS: retirement; socialsecurity
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Just asking for a friend.
1 posted on 12/02/2020 12:15:01 PM PST by taxcontrol
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To: taxcontrol

More money for those of us that live! Woohoo!

JK.

None that I’m aware of.


2 posted on 12/02/2020 12:16:51 PM PST by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: taxcontrol

Maybe that’s why they are withholding treatments until you need oxygen and are hospitalized.


3 posted on 12/02/2020 12:17:03 PM PST by DannyTN
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To: taxcontrol
I would guess little to no impact. Johns Hopkins reported on 11/22 that the overall death rate was the same with Covid as without Covid.

That got buried because it questioned the narrative.

4 posted on 12/02/2020 12:17:14 PM PST by nonliberal (Caput gerat lupinium)
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To: taxcontrol

More money for imported democrats


5 posted on 12/02/2020 12:17:29 PM PST by clearcarbon
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To: taxcontrol

As I understand it, annualized death rates for 2020 are very much in line with 2019, 2018, 2017, 2016.

I would not expect Social Security to be impacted in the slightest.


6 posted on 12/02/2020 12:17:51 PM PST by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: taxcontrol

Only true if any of this was real. It’s not real, and it’s not happening. As you are well aware.


7 posted on 12/02/2020 12:17:59 PM PST by DariusBane (Liberty and Risk. Flip sides of the same coin. So how much risk will YOU accept? Vive Deo et Vives)
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To: taxcontrol

I think it’s only about 8 billion or so a year saved from all of the deaths.

These days, that’s an addendum to a bill.


8 posted on 12/02/2020 12:18:03 PM PST by dp0622 (Tried a coup, a fake tax story, tramp slander, Russia nonsense, impeachment and a virus. They lost.)
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To: taxcontrol

No real change in total mortality, probably so far a wash


9 posted on 12/02/2020 12:19:55 PM PST by HangnJudge
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To: taxcontrol
not enough deaths to make an impact.

I would compare it to removing a gallon of water from an olympic sized swimming pool

I am not an analyst, but I play one on Free Republic

10 posted on 12/02/2020 12:20:43 PM PST by SGCOS
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To: ClearCase_guy

Interesting. The costs. 1970 civic class. One student asked “Why don’t they just shoot em’? 1) That would work. 2) It’s been done before-genocide. He was being factious but there’s an uncomfortable truth out there somewhere.


11 posted on 12/02/2020 12:20:55 PM PST by DIRTYSECRET
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To: taxcontrol

Put Cuomo in as nation wide mover of Covid patients into nursing homes. Social security payouts will plummet!


12 posted on 12/02/2020 12:21:29 PM PST by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kil l you. )
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To: nonliberal

Chances are that 99% of Covid cases in the elderly was a complication but not the actual cause of death.


13 posted on 12/02/2020 12:22:59 PM PST by Sacajaweau
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To: taxcontrol

social security is backed up due to covid, lots of people 62 and above has lost jobs, and applied for benefit, like me, i finally will get mine this month.. after 5 months


14 posted on 12/02/2020 12:25:22 PM PST by markman46 (engage brain before using keyboard!!!at )
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To: taxcontrol

Probably doesn’t matter. There aren’t any more people dying than a normal year. All the deaths are just labeled Covid so we will be scared. Its all BS!!!!!


15 posted on 12/02/2020 12:26:46 PM PST by Saruthe (Trump wins)
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To: taxcontrol

Karl Denninger took a look at their numbers last week as proof that there’s no “excess deaths” this year. Sure enough, no discernable drop in benefit payments (and, yes, they apparently are hyper vigilant at stopping payments on death).


16 posted on 12/02/2020 12:27:14 PM PST by Riflema
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To: taxcontrol

The folks that were dying were way down the list—they were not costing near as much (on a monthly basis) as those retiring now.

The REAL savings is going to come for Medicaid budgets. Imagine how many of the NY nursing home folks were state-pays. At $6,500 a month (minimum negotiated medicaid amount in MA is about that) for 6,900 seniors means the state is saving about $44 million a MONTH. Or Half a BILLION a year ($538 MM).


17 posted on 12/02/2020 12:29:53 PM PST by Vermont Lt (We have entered "Insanity Week." Act accordingly.)
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To: taxcontrol

The overall death rate in the US has not changed during the pandemic. For some odd reason it is controversial to say this, but the now hidden Johns Hopkins research proved this to be true.

Based on that and the overall size of social security, I would guess that the overall impact is not even noticeable.


18 posted on 12/02/2020 12:30:34 PM PST by volunbeer (Find the truth and accept it - anything else is delusional)
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To: DannyTN

“...Maybe that’s why they are withholding treatments until you need oxygen and are hospitalized....”

That’s just one facet of the multi-faceted CCP-colluded planned virus release. They should all hang for this.


19 posted on 12/02/2020 12:31:31 PM PST by lgjhn23 (Libs are a virus.....the DemoVirus!!)
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To: markman46
"applied for benefit"

It's not a benefit. It is money due you as you have paid into it your entire working life, unless you worked under the table. Still, you can file for an amount according to your deductions from your paychecks. Yes, I know it's a lousy system.

20 posted on 12/02/2020 12:31:55 PM PST by A Navy Vet (I'm not Islamophobic - I'm Islamo nauseated. Also LGBTQxyz nauseated )
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