Expect nursing homes to respond by cutting staff. Some may decline to accept patients with more complex medical needs.
Costs won't rise in 2012. In fact, some recipients will see their overall drug costs decline.
Taxpayers and Social Security recipients have avoided pain -- for now -- but government employees and contractors will suffer.
Look for changes to retiree income and health care, as well as impacts to homebuying, student loans, and the best places to invest your money.
The agreement to raise the debt ceiling and cut $2.1 trillion from the budget pushes decisions on entitlements down the road. Medicare is unchanged for now, but will that stick?
A lot is still undecided, but it's pretty clear that income taxes will not rise and that Social Security will not be cut.
The Gang of Six plan to cut the federal deficit calls for changes to both but doesn't spell out many details.
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MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Joe Cantrell says he faces charges after trying to take advantage of the retailer's policy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.