Connect with us

Published

on

A House of Representatives panel has scheduled a hearing for next week on how the Social Security Administration has been clawing back payments it mistakenly made to beneficiaries.

This story is part of the Overpayment Outrage series onCox Media GroupTV stations. It can be republished for free. Share Your Story

Do you have an experience with Social Security overpayments youd like to share? Click here to contact our reporting team.Contact us

The announcement signals that members of Congress are focusing on the trauma many poor, retired, and disabled people have experienced from the government trying to reclaim safety-net payments some in the tens of thousands of dollars it says they shouldnt have received.

The hearing comes in the wake of an investigation by KFF Health News and Cox Media Group (CMG) that found that, by the time the government catches a mistake and demands repayment, years may have passed and, often, the beneficiary has already spent the money to cover basic living expenses.

The House Ways and Means Committees subcommittee on Social Security is scheduled to hold the hearing on Oct. 18.

The hearing will examine how the Social Security Administration can better identify improper payments before they occur and provide beneficiaries with adequate notice when they occur, the chairmen of the two panels, Reps. Jason Smith (R-Mo.) and Drew Ferguson (R-Ga.), said in a brief announcement.

The announcement did not say who would be testifying. Email Sign-Up

Subscribe to KFF Health News' free Morning Briefing. Your Email Address Sign Up

A media contact for the Ways and Means Committee did not respond to a request for more information.

Since KFF Health News and CMG published and broadcast their initial reports in September, some members of the House and Senate have expressed outrage about the overpayments and the governments efforts to recover them. At least two lawmakers have called on the Social Security Administration to stop trying to get the money back from beneficiaries.

The No. 2 Republican on the Social Security subcommittee, Rep. Mike Carey (R-Ohio), recently called for a hearing.

He said in an interview the general sense from members is, We do have a problem, weve got to address it, weve got to fix it.

Last week, the Social Security Administrations acting commissioner, Kilolo Kijakazi, said she was assembling a team to review the agencys overpayment policies and procedures. The agency has declined to say how many people it has demanded repayments from. Some members of Congress have said the agency should disclose that information, and questions about it could come up at the hearing.

Overpayments result from beneficiaries failing to comply with requirements, whether innocently or intentionally, or from lapses or errors on the part of the Social Security Administration. In recent years, the agency has been issuing between $6 billion and $7 billion annually in new overpayments, according to government reports.

The agency has said that, when overpayments occur, it is required to try to recoup the money. However, it has the power to waive debts if the beneficiary wasnt at fault and, for instance, if the recipient cant afford to repay the government. David Hilzenrath: @DavidHilzenrath

Jodie Fleischer, Cox Media Group: @jodieTVnews Related Topics Aging Health Care Costs Disabilities Investigation U.S. Congress Contact Us Submit a Story Tip

Continue Reading

Environment

‘This is a unique time’: ARK Invest’s chief futurist tackles tech innovation from AI to robotics

Published

on

By

‘This is a unique time’: ARK Invest’s chief futurist tackles tech innovation from AI to robotics

Private lives – why hot tech is shying away from IPOs

ARK Invest’s chief futurist lists five groups that should give tech investors an edge.

According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time.

“We believe that this is a unique time in technological economic history,” he told CNBC’s “ETF Edge” this week.

Winton collaborates with ARK Invest CEO Cathie Wood to maintain the ARK Venture Fund (ARKVX), which allows investors to buy into the private technology space.

According to the firm’s website, the goal of the fund is to make venture capital offerings of innovative spaces in the market accessible to individual investors. As of April 10, it shows the fund’s top holdings include Epic Games, known for online video game Fortnite, and biotech companies Freenome and Relation Therapeutics.

“Our emphasis is that we are investing in innovation over the long term and going to support management teams,” said Winton.

He contends it’s a strategy that’s often not prioritized.

“That’s a real challenge a lot of public market investors don’t have that long-term view,” Winton added.

The ARK Venture Fund is down more than 7% so far this year. However, it’s up almost 39% percent over the past 52-weeks.

Don’t miss these exclusives from CNBC PRO

Disclaimer

Continue Reading

Environment

World’s first hydrogen station for commercial trucks opens – is it too late?

Published

on

By

World's first hydrogen station for commercial trucks opens – is it too late?

FirstElement Fuels has opened the world’s first large-scale hydrogen fueling station for heavy-duty commercial trucks just outside the Port of Oakland.

FirstElement is calling their new filling station, which opened to the public this week for tours and demonstrations, the first of its kind. Located near the Port of Oakland, the company claims its hydrogen pumps can “fill” a truck’s hydrogen tanks in as little as ten minutes, which works out (in their math) to as many as 200 trucks per day.

As for customers, the company says there are 30 Hyundai Xcient semi trucks using the fueling station currently, as well as a number of Nikola hydrogen fuel-cell-powered trucks.

A ceremony to mark the station’s opening was held Tuesday, and was attended by state officials including Liane Randolph, chair of the California Air Resources Board (CARB) and Tyson Eckerle, clean transportation advisor for Gov. Gavin Newsom’s business development office. Primary funding for the Oakland station was provided by CARB and the California Energy Commission.

Eckerle notes that the US federal government is handing out $8 billion to jump-start what it calls the “hydrogen economy,” and expects sufficient funding to build up to 60 more hydrogen truck stations like this one in California – which would, theoretically, be enough to serve 5,000 trucks and 1,000 buses.

All well and good, but …

What if it’s already too late for hydrogen?

Coyote Container completes historic trip in fuel cell truck
Image via Coyote Container.

MAN Trucks CEO, Alexander Vlaskamp, said it best when he said that it was “impossible” for hydrogen to effectively compete with BEVs.

He’s right – on a level playing field, there is absolutely no reason to believe hydrogen has any kind of future. But we don’t operate on a level playing field, and comments like Eckerle’s, along with an $8 billion federal budget and a number of supposedly genuine industry experts touting its usefulness as a fuel, mean we have to take hydrogen seriously (at least, for now).

Even so, it seems like the tide of public opinion is already starting to turn against hydrogen. Outlets that may never have questioned a manufacturer’s claims about a hydrogen-fueled vehicle a few years ago now seem more than willing to call those claims out. Here’s just one example:

Producing hydrogen itself can be very dirty. Most hydrogen produced today requires methane, which is a fossil fuel and a strong greenhouse gas contributor. The industry is working on production alternatives, including carbon capture and storage from the burning of methane, or quitting methane altogether to make green hydrogen, using an electrolyzer to split water’s hydrogen and oxygen.

Both alternatives are prohibitively expensive without government subsidies.

RUSS MITCHELL, AOL/Los Angeles TIMES.

So far, it’s not clear that FirstElement’s claims about either the sustainability of its hydrogen or the practicality of its filling station will convince many battery electric absolutists.

Take the company’s hydrogen production process as an example. FirstElement says that its supplier, Air Liquide in Las Vegas, uses natural gas as “feedstock” for its hydrogen. It buys biogas to blend with natural gas in order to create hydrogen – and that, because the gas used is more than 60% renewable, the hydrogen qualifies as “green.”

FirstElement hydrogen production

Infographic by First Element; via TruckNews.

Additionally, the claim of 10 minute fast fills should come with an asterisk or two. That’s because FirstGreen is using new “cryopump” technology from Bosch Rexroth to allow for filling at 900 bar (15,000 psi). While that seems like more enough to push 100 kg into a tank in about ten minutes, cryogenically cooling hydrogen is an energy intensive technology that requires a lot of electricity to function properly. Electricity that it says will come from the stored hydrogen.

In fairness, however, Bosch has some ideas here to help station owners maximize the usefulness of all that electricity.

“Cold is like gold,” says Dave Hull, regional vice-president, Bosch Rexroth. “You’ve got all this cold energy. All my career I worked to get rid of heat. You can take that energy and run a whole station’s refrigerators for Rock Star energy drinks, or air conditioning. Bosh has a whole division of heat pumps and building technologies.”

Whether or not that added efficiency adds up to actual energy and cost savings, rather than a lifeline for the gas industry and tier 1 auto suppliers like Bosch however, remains to be seen. Meanwhile, hydrogen costs continue to rise.

Platts last assessed California’s retail hydrogen price at $33.48/kg Jan. 4, 2023, which is the weighted average hydrogen price offered at retail fueling stations across the state. The price has risen 112% from when Platts began the assessment in September 2021, according to S&P Global Commodity Insights data.

SP GLOBAL

Despite the high cost of hydrogen (“green” hydrogen is more expensive, still), Shane Stephens, one of FirstElement’s founders and its chief development officer, remains undeterred.

“We, at FirstElement Fuels, have a lot of confidence the market is coming,” says Stephens. “We see the regulations on the horizon, the OEMs and fleet owners are going to have to respond to that, especially when it comes to goods movement, and hydrogen and fuel cells are the best – if not only – solution that will work for many of those use cases.”

Electrek’s Take

As a light vehicle fuel – despite the efforts of Hyundai, Toyota, and (more recently) Honda – things aren’t going well for hydrogen. As a fuel for massive semi trucks and even bigger heavy equipment, however, it might stand a chance against current battery technology.

But battery tech isn’t stagnant, and lighter, better, faster charging battery news that used to come every year, and then every month, now seems to be coming every week – and I’d argue that you’d be foolish to assume batteries that are twice as energy dense at half the weight won’t be here well ahead of California’s 2035 ICE ban.

But that’s just me. You guys are smart. Head on down to the comments and let us know what you think.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Entertainment

Rageh Omaar says he was ‘determined to finish presenting programme’ after becoming unwell live on air

Published

on

By

Rageh Omaar says he was 'determined to finish presenting programme' after becoming unwell live on air

ITV News broadcaster Rageh Omaar has said he was “determined to finish presenting the programme” after returning home following hospital treatment.

Viewers expressed concern about the 56-year-old presenter after he appeared to fall “unwell” live on air during News At Ten on Friday night.

In a statement shared by ITV News, Omaar said: “I would like to thank everyone for their kindness and good wishes, especially all the medical staff, all my wonderful colleagues at ITV News, and our viewers who expressed concern.

“At the time, I was determined to finish presenting the programme. I am grateful for all the support I’ve been given.”

An ITV News spokesperson said he was recovering at home with his family following medical treatment at a hospital.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Continue Reading

Trending