The Senior Citizens League is pleased that lawmakers acted swiftly and responsibly to avert a government shutdown and an unprecedented default on the federal debt. Failing to do so could have resulted in delayed Social Security checks and reimbursements for health care providers who treat Medicare patients. Lawmakers now have until early December to negotiate a broader funding bill to keep the federal government operating. For progress updates, follow TSCL on Facebook or Twitter..Thus the new formula went into effect almost immediately for most people and is one reason why retirees born over the ten-year period of 1917 through 1926 were affected, not only those covered by the five-year phase-in. In addition, the economy did not perform the way Congress and the Social Security Administration assumed it would under the new benefit formula. Slower than anticipated wage growth, and higher than expected price inflation, resulted in even greater benefit reductions than under original assumptions. These economic conditions persisted for a decade, thus affecting those born over a ten-year period..Representative Elijah Cummings introduced H.R. 448 on January 10, 201It has since been referred to the Committee on Energy and Commerce, and to the Committee on Ways and Means..TSCL questions whether the more widespread use of subjective criteria in disability determinations may be contributing to disability fraud. Recently, 134 people, including retired New York City police officers and firefighters, were charged in one of the largest disability frauds on record. Those indicted were charged with faking mental disabilities, like post-traumatic stress disorder stemming from responding to the 911 terrorist attack on the World Trade Center, to obtain hundreds of thousands of dollars in disability benefits..A common debate is re-emerging this year over Social Security's "deficit, " as the federal borrowing limit looms. The debt limit, which was suspended since late 2015, was re-instated on March 16th. That debt limit sets the money the Treasury can borrow to pay for federal obligations, including money owed to the Social Security Trust Fund..Early in the summer, I spent an afternoon at one of two critical access hospitals in my district in Southeastern Ohio. It's a hospital with just 25 beds and an Emergency Department no larger than many families' kitchens. Still, every year the doctors and nurses there care for more than 2,000 inpatients and treat an astonishing 50,000 outpatients.."No Limit: Medicare Part D Enrollees Exposed to High Out-of-Pocket Drug Costs Without a Hard Cap On Spending," Kaiser Family Foundation, November 201"Summary of Recent and Proposed Changes to Medicare Prescription Drug Coverage and Reimbursement," Kaiser Family Foundation, February 2018..If you didn't sign up with Medicare for Part A and/or Part B when you first turned 65, because you were covered by your own or your wife's company's plan, you may need to sign up during the 8-month period that began after your wife's employment ended in order to avoid a late enrollment penalty..By: Jessie Gibbons, Legislative Analyst
