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Here's a checklist of red flags to be concerned about:.In addition, one new cosponsor Rep. Bobby Rush signed on to the Improving Access to Affordable Prescription Drugs Act this week. Rep. Rush is the eleventh Member of Congress to pledge his support for the bill. If signed into law, it would comprehensively reform the prescription drug industry to reduce costs for consumers..Your marriage lasted for 10 years or more, and your ex-spouse is entitled to Social Security benefits;.New TSCL Poll Should Medicare Be Changed?.I have proudly introduced this important legislation every single Congress since coming to the House of Representatives in 201Despite having over 100 bipartisan cosponsors each Congress, the bill has received little attention from House leadership. In September 2018, myself and my colleague, Representative Garret Graves offered this bill as an amendment to the Family Savings Act, which was part of Representative Kevin Brady's "Tax 2.0" package. Then in May of 2019, we offered the legislation as an amendment to H.R. 1994, the Setting Every Community Up for Retirement Act which passed the House 417-Unfortunately, both times, the amendment was defeated in the House Committee on Rules..Just hours after the trustees released their annual reports on Wednesday, members of the House Ways and Means Social Security Subcommittee met with Chief Actuary Stephen Goss to discuss the findings. Many of those present at the hearing expressed their commitment to addressing the program's funding shortfall. Chairman Sam Johnson said, "The longer we wait, the tougher it will get to fix Social Security. So the sooner we act the better." Chief Actuary Goss agreed, saying: "The trustees have consistently advised that enacting changes soon, even if with delayed effective dates, will allow more options to be considered, more advance warning for those affected, and a more gradual phase-in of adjustments.".Stay Informed and Sign up for the TSCL Newsletter.The House of Representatives returned from break this week and the Senate will follow suit beginning next week. New co-sponsors have been added to two key bills, and the effort to repeal the Community Living Assistance Services and Supports program moves one step closer..On the other hand, much of the other CPI data has been pretty tame. Housing costs and medical care services are rising, but still more slowly than prior to the pandemic. I'm in the process of collecting price data for TSCL's annual report on the Social Security Loss of Buying Power. If you would like to send in examples of your rising costs, please feel free to do so online at "Share Your Story".

Report Section Data Note Americans Challenges With Health Care Costs Appendices
Since you were born in 1954, however, you qualify to use a "restricted application" strategy to maximize your benefits at full retirement age. Waiting just two more years could significantly boost lifetime Social Security income. People born after 1954 may no longer use this strategy, so consider this:.The I.O.U.s in the Social Security Trust Fund are a special type of non-marketable bond issued by the U.S. Treasury when excess revenues are received. The cash revenue that isn't needed to pay benefits is "borrowed" and used for other government spending. By law, the I.O.U.s held by the Trust Fund pay interest, and that forms an additional source of income - on paper, at least..Senate leaders were already having a hard time pushing through their priorities, including drug pricing legislation. In fact, Sen. Roy Blunt, head of the Republican Policy Committee, said some bills -- including drug pricing legislation -- are far from ready to move to the floor, which is what we have been reporting to you for the last few weeks. … Continued

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This is not a sustainable spending pattern for retired and disabled households. In recent years, Social Security recipients more typically reported that housing and medical expenses, not food, increased the fastest and were the two top cost concerns..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..Plan to compare your drug plan options during the fall Open Enrollment Period that starts October 15th and runs through December 7th. Chances are you will find a much lower-costing plan that will save you a bundle in 2014 if you switch plans. … Continued