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House-Approved Social Security Benefit Increase.— The House passed and sent to the Senate by an overwhelming vote a $1 billion, 5%, increase in Social Security cash benefits. The bill included a provision placing self-employed physicians under Social Security. Since no amendments could be offered under the parliamentary rule on the bill, there was no formal move made to attach the King-Anderson program of limited hospital-medical benefits for the aging financed through a compulsory higher Social Security tax. Meantime, there were reports a move might be made in the Senate to amend the bill with a scaled-down version of the King-Anderson bill which would give the elderly an option of an increased cash benefit or a limited hospitalization benefit. The bill approved by the House would increase Social Security taxes starting next year to 3.8% for both employers and employees on the first $5,400 of employee earnings. The tax is now
JAMA – American Medical Association
Published: Aug 10, 1964
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