Rubio, Cotton Reintroduce Bill to Save Social Security Disability Insurance From Bankruptcy - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 29, 2019 Newswires
Share
Share
Post
Email

Rubio, Cotton Reintroduce Bill to Save Social Security Disability Insurance From Bankruptcy

Targeted News Service (Press Releases)

WASHINGTON, June 28 -- Sen. Marco Rubio, R-Florida, issued the following news release:

U.S. Senators Marco Rubio (R-FL) and Tom Cotton (R-AR) introduced the Return to Work Act of 2019, legislation that would save Social Security Disability Insurance from bankruptcy. This bill would help Social Security Disability Insurance beneficiaries to return to work, if they are able to, while also preserving the program's long-term sustainability for the permanently disabled. U.S. Representative French Hill (R-AR) introduced the companion bill in the House.

"Social Security Disability Insurance is supposed to be a safety net for people who need it the most," Rubio said. "However, rampant abuse, lax enforcement and insufficient accountability have enabled this program to grow unchecked, and has actually prevented many people from going back to work. The health of our national economy and strength of our communities depend on able-bodied Americans earning paychecks. This legislation represents a long overdue reform that takes care of working Americans and saves our social safety net for the truly disabled."

"We shouldn't resign people with treatable conditions to a lifetime of sitting on the sidelines. If they can get back to work, then by all means we should help them," Cotton said. "That's why we've got to fix this program so it takes into account people's different capabilities. This will not only save the program, which is dangerously close to going bankrupt; It will save our aid for the people who need it most."

"For too long, the success of well-intentioned federal programs has been determined by the growth of their funding and not by real-world outcomes," Hill said. "After more than 60 years of existence, the SSDI program has morphed into a black hole of abuse and unaccountability that hurts disabled Americans and taxpayers. To ensure that SSDI supports those who need it most and promotes work for those willing and able, SSDI reforms are desperately needed. I'm proud to work with Senator Cotton on this commonsense bill to ensure the responsible stewardship of program funds and strengthen a valuable safety net for disabled Americans."

Background:

Social Security's Disability Insurance program has grown more than six-fold from $20 to $137 billion (in 2012 dollars) since 1970. At the same time, the number of beneficiaries who leave the program to return to work has dropped from nearly six percent in 1982 to less than one half of one percent today. The Return to Work Act requires disability determiners to classify new beneficiaries based on whether medical improvement is expected. Beneficiaries who are expected to recover would be given a timeline and additional resources to obtain employment while on SSDI. These beneficiaries will also be able to re-apply if they have not recovered. Beneficiaries who are not expected to recover will have no timeline for program participation.

Older

Guthrie talks health care with state, local health department officials

Newer

Rep. Hill, Sen. Cotton Introduce Bill to Fix Disability Insurance Program

Advisor News

  • Your client’s $3 million portfolio doesn’t tell you their insurance needs
  • How life insurance can provide liquidity for wealthy families
  • Retirement providers turn to digital engagement to retain assets
  • Looking out for clients with diminished mental capacity
  • House panel advances CLEAR Forms Act backed by IRI
More Advisor News

Annuity News

  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
  • Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity News

Health/Employee Benefits News

  • 'Not worth the expense': Health-care workers dropping health insurance as even they can't afford it
  • Americans navigate 'wild West' of health insurance options after dropping Obamacare plans
  • Top Workplaces 2026: Benefit winners buck health insurance trends
  • Cayuga County holds off, for now, on retiree health insurance change
  • Conn. can halt Diamantis' pension, but can't revoke his health insurance
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Life insurance protects dependent loved ones
  • AM Best Affirms Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries
  • Abacus Global Management Completes Landmark $400 Million Securitization
  • New Rules: This bill could help cannabis companies finally get insurance coverage
  • Time to revisit your clients’ life insurance coverage
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.