.This week, two congressional committees held hearings on issues affecting older Americans, and The Senior Citizens League saw support grow for four key bills in the House and Senate..In response to concerns over high prescription drug prices, I have introduced two bills in this Congress to lower the cost of prescription drugs. H.R. 448, the Medicare Drug Price Negotiation Act, would authorize the Secretary of Health and Human Services to negotiate for lower drug prices on behalf of Medicare Part D beneficiaries. H.R. 447, the Affordable and Safe Prescription Drug Importation Act, would allow qualifying prescription drugs manufactured at FDA-inspected facilities of licensed Canadian sellers to be imported into the United States. These solutions, along with other bills introduced by my colleagues in the House and Senate, will help to fundamentally change the playing field, helping to lower prices for patients while reining in excessive drug company profits..I was diagnosed with cancer in 2019 which required surgery and considerable follow-up treatment. I also required extensive dental work during the year. My medical and dental expenses alone totaled more than ,000, and that does not include my husband's premiums and out-of-pocket costs, which were close to ,000. Will we be able to deduct these expenses on our income taxes? We were unable to deduct our routine medical costs last year..If you would like to view past press releases or sign-up to receive press releases via email, click here..cash advance francise.According to Rep. Deutch, the bill would extend the solvency of the Social Security trust funds for decades into the future by ensuring that the wealthiest Americans contribute to the program at the same rate as everyone else. Upon its introduction, he said, "Currently, most Americans contribute 6.2 percent of every paycheck they earn to Social Security, while a corporate lawyer earning 0,000 pays an annual rate of just 1.71 percent and a CEO earning million pays an annual rate of just 0.003 percent."."Already in 2020, the companies' PACs have donated .62 million to individual candidates or their affiliated committees. The companies directed another .59 million to broader political groups like the Moderate Democrats PAC or the National Republican Senatorial Committee, and to other drug industry PACs, including PhRMA's.".It will be important to continue to wear masks, maintain social distancing, wash our hands frequently, and continue the other precautions we've been taking in order to protect those for whom the vaccine might not work. As time goes on and more people are vaccinated and more who've gotten the virus get better, the rates of infection will start to drop. It's at that point we can begin to go back to normal.

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The Centers for Medicare and Medicaid Services recently announced plans to test new ways to rein in costs of some of the nation's most expensive drugs, like cancer and rheumatoid arthritis treatments, that are administered in doctors' offices and outpatient centers. The current Medicare Part B payment system, officials argue, provides incentives for prescribing the most expensive medication, rather than on how well it would work for the patient..A majority of the 60 million senior and disabled Americans who receive Social Security depend on it for at least 50 percent of their total income, and one–third of all beneficiaries rely on it for 90 percent or more of their income. To help protect the buying power of benefits, TSCL supports bipartisan legislation called the Fair COLA for Seniors Act that would base COLAs on the Consumer Price Index for the Elderly. To learn more, visit..Minor or disabled child's benefit based on a living or a deceased parent's account. … Continued

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If adopted, S. 62 would allow the Secretary of Health and Human Services to negotiate fair prescription drug prices under Part D of the Medicare program..The Centers for Medicare and Medicaid Services recently announced that the standard Medicare Part B premium will be 8.50 in 2021, an increase of .90 per month from 4.60 in 2020. That increase, which I earlier feared would be considerably more, was restricted by legislation enacted last fall. But even with legislation to keep the Medicare Part B flat, the Part B premium still went up 2.6% over 2020, twice as much as the annual cost-of-living adjustment. This trend of Medicare costs increasing several times faster than Social Security benefits creates chronic headaches for retirees, as the Medicare Part B premium consumes a growing share of Social Security benefits..Compare your drug and health plan options during the Medicare Open Enrollment period October 15th - December 7th. Does your current drug plan cover expensive new prescriptions? If not, you need to check your other options. Chances are another plan will. Use the Drug and Health Plan Finder at. Make sure you carefully enter every prescription drug you take in order to get a custom comparison of your best drug plan choices. Costs can vary by hundreds, even thousands, of dollars, and you may be very surprised by the savings from switching to a better plan. You can get unbiased help to compare your coverage. Call your Area Agency on Aging and ask for the help of a State Health Insurance Assistance Program counselor, or visit online. … Continued

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