Ensuring Secure Retirement for All


Core to the premise of the so-called American Dream is the idea that, if you work hard over the course of your career, you’ll get to enjoy a secure retirement. Unfortunately, for far too many Americans, that simply is not the case.

Consider this: nearly half of U.S. households with people age 55 and older have no savings for retirement. And almost 50% of private-sector workers — some 58 million people — do not even have access to a retirement plan through their employer, including small-business workers, self-employed workers, and gig workers.

Yet a typical Social Security check covers less than 40% of pre-retirement earnings, and that number is projected to drop to less than 28% within two years. At the same time, people are living longer. According to the World Economic Forum, a baby born in 2007 stands to live to be 103 — 36 years beyond Social Security’s current full retirement age. To further complicate matters, the student-debt crisis is also having an impact, with younger workers putting off saving for retirement because they are struggling to pay off student loans.

So how do we address this problem and ensure that all Americans are prepared for their golden years? There are several steps we can take that would have a tremendous impact.

First, we must continue to preserve tax incentives that encourage individuals to save for retirement. Allowing workers to contribute pre-tax wages to a 401(k) or other qualified retirement plan is a simple and proven way to encourage savings.

Second, it is critical that we take action to increase financial literacy — and that needs to start at a young age. It’s important that young people appreciate how student debt will affect them later in life, that younger workers understand just how much they need to be saving to be prepared for retirement, and that all employees are aware of the various tools available to them to invest in their own future.

Finally, we must take steps to expand access to and increase participation in retirement-savings products and plans. In particular, we must make it easier for small businesses to offer retirement-savings plans by eliminating barriers for such businesses to band together in multiple-employer plans, thereby simplifying administration and lowering fees. It is also important to provide incentives for businesses to offer plans with automatic enrollment, and to require them to allow long-term part-time workers to have access to retirement benefits.

Congress must take bold action to bolster retirement savings and ensure that all Americans have access to the tools they need to save for their golden years. This crisis presents an opportunity for leaders in Washington to work collaboratively toward bipartisan solutions.

The good news is that there already are bipartisan, bicameral efforts underway in Congress to pass legislation to bolster retirement savings. The House recently took an important step toward addressing this issue by passing a comprehensive, bipartisan bill called the SECURE (Setting Every Community Up for Retirement Enhancement) Act by a resounding margin. Similar bipartisan legislation, the Retirement Enhancement and Savings Act (RESA), has also been introduced in the Senate.

The business community and our leaders in government must continue to work together to address and resolve the retirement-savings crisis facing our country. We owe it to the millions of Americans who work hard each and every day to keep our economy growing. We are hopeful that Congress will indeed take action on this important issue in the coming months so that all Americans will be able to realize the dream of a well-earned, secure retirement.

James T. Brett is president and CEO of the New England Council, a non-partisan, regional business association. U.S. Rep. Richard Neal represents Massachusetts’ First Congressional District and is the chairman of the House Ways and Means Committee.

ACO Model Aims to Integrate Oral, Medical Care


Oral Health has been recognized by the Institute of Medicine, the U.S. Department of Health and Human Services, and others as having a profound effect on overall health, from heart disease to diabetes. Accountable-care organizations (ACOs) across the country are now including oral-health services in their value-based care delivery and payment models, or at least considering it.

MassHealth ACOs are participating in this effort by including an oral-health quality measure, presenting an opportunity for the state to generate a strategic plan for oral-health integration (OHI). 

Under the ACO model, reimbursement is based on the ACO’s performance on quality measures, so ACOs have a powerful incentive to integrate dental and medical care. The initial stages of OHI will unfold over the next several years, with a goal of identifying and evaluating promising strategies within the current MassHealth ACO program structure. Strategies that prove most effective will be pitched for integration into MassHealth ACOs in 2022, the year the state renegotiates its Medicaid contract with the federal government. 

Initiatives being considered to achieve OHI in MassHealth ACOs include the following:

• Integrating healthcare data, such as medical and dental electronic health records, to facilitate interdisciplinary provider communication and ensure continuity of care;

• Establishing a formal, bi-directional e-referral pathway between MassHealth ACOs and oral-health providers;

• Implementing evidence-based oral-health metrics that will help incentivize the provision of oral healthcare, measure performance, and guide quality improvement;

• Reimbursing oral-health providers based on the quality of their care, not the quantity;

• Utilizing community health workers and dental coordinators to support cooperation among physicians, dental providers, allied-health professionals, and patients; and

• Using dental hygienists and other mid-level providers to create interdisciplinary services for patients.

Admittedly, challenges remain, including implementation costs, evolving payment systems for oral-health providers, and the difficult task of integrating dental and medical care systems that have long operated on separate tracks.

However, given the overwhelming potential for long-term cost savings as well as improved patient outcomes, every effort will be made to achieve oral-health integration in MassHealth ACOs.

Dr. Neetu Singh is an advisor to the Massachusetts Medical Society’s (MMS) committee on oral health, and Dr. Hugh Silk is chair of the committee. UMass Medical School’s medical and nursing students on the Oral Health Population Health Clerkship assisted with this article, which first appeared in Vital Signs, an MMS publication.