Stephen C. Goss, Chief Actuary of the Social Security Administration, testified before the House Committee on Ways and Means, Subcommittee on Social Security, on March 14, 2013.
Speaking about financial challenges facing the Social Security Disability Insurance (SSDI) program, his full remarks covered these five topics:
- An update on the projected financial status of the DI Trust Fund;
- The “drivers” of increasing costs over the past several decades;
- The Trustees’ assumptions for future trends in cost;
- Changes in the distribution of disabled workers by age and medical diagnosis; and
- Past and projected numbers of full medical continuing disability reviews (CDRs).
Using prose and charts, his testimony is easy to understand. While all of it is important, I think that most people will find his first two topics, the projected financial status of the Disability Insurance (DI) Trust Fund and the “drivers” of increasing costs of the DI program, the most useful.
Read Mr. Goss’s full testimony at http://www.socialsecurity.gov/legislation/testimony_031413a.html.