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This week, one new cosponsor Rep. Corrine Brown signed on to the Social Security 2100 Act. The total is now up to sixty-four. If signed into law, H.R. 1391 would increase Social Security benefits by 2 percent, cut taxes for over 11 million seniors, increase the minimum benefit to 125 percent of the poverty line, and make COLAs more fair and accurate. It would also take measures to increase the solvency of the trust fund beyond the next seventy-five years, through the year 2100..Thank You Anyway, I'll Just Keep Working A Little Longer.In fact, unlike the additional Medicare tax on high earners, this 3.8% net investment tax was not even a specific provision of the Affordable Care Act. It was a provision of a separate bill, the Health Care Education and Reconciliation Act of 2010 which was passed about two days after the Affordable Care Act. By setting up the revenues so that they would flow to the General Fund, Congress by-passed earmarking those revenues for Medicare Part A or Part B Trust Fund. That means when the funds are used for other government spending, the Medicare Trust Funds are not earning any interest from the federal government for the use of those funds..If signed into law, the Protecting and Preserving Social Security Act would amend title II of the Social Security Act to calculate cost-of-living adjustments based on the Consumer Price Index for Elderly Consumers. It would also amend the Internal Revenue Code to gradually eliminate the cap on income subject to the payroll tax..Gold standard. Companies acquire drugs considered the best available for the condition they treat, ensuring that physicians would continue to prescribe it even if the price increased..Yes: 13%.Lawmakers Adjourn for Week-Long Recess.A balanced budget amendment to the constitution, like the one that was considered this year, would prohibit the federal government from spending more than it collects in revenues each year. It's a budget gimmick that would essentially make it unconstitutional for Social Security and Medicare to use the trust fund reserves they currently have to pay out benefits, because it would prohibit "borrowing" even when new revenues are insufficient to pay out benefits. Additionally, the federal government would be prohibited from repaying the .7 trillion it currently owes to the Social Security trust funds..A balanced budget amendment to the constitution might sound like a good idea on the surface, but when the details are examined, it could be disastrous for programs like Social Security and Medicare. The Senior Citizens League tirelessly advocated against its adoption when it was considered earlier this year, and because lawmakers aren't giving up on it anytime soon, we aren't either.

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Most troubling, in October we reported that Medicare Advantage plans have overcharged Medicare by almost billion in recent years. Officials know that some Medicare Advantage plans exaggerate how sick their patients are by inflating the "risk scores" in order to collect higher payments from Medicare, yet the federal government has recovered only a tiny percentage of the overpayments to private insurers in the past..According to the Congressional Budget Office, a growing share of the government's spending for Social Security is going to pay for disability benefits.[iii] Between 1990 and 2012, the ratio of disabled recipients to retirees changed dramatically, increasing 112.5%, from 3.2 to 6.7 beneficiaries per 100 covered workers.[iv] In testimony to the House Subcommittee on Social Security, the Congressional Budget Office said that legislation enacted in 1984 expanded the ways in which people could qualify for the DI program, which included allowing symptoms of mental illness and pain to be considered even in the absence of clear - cut medical diagnosis. In addition, disabled beneficiaries also receive coverage under Medicare, regardless of age, after a 24 - month waiting period..Finally, the Social Security 2100 Act gained six new cosponsors this week, bringing the cosponsor total up to 170. The new cosponsors are Representative David Price, Representative Adam Schiff, Representative Rick Larsen, Representative Carolyn Maloney, Representative Darren Soto, and Representative Anthony Brown. If enacted, H.R. 1902 would strengthen and expand the Social Security program responsibly, without cutting benefits. … Continued

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You will need to respond to the Social Security Administration by stating that you are contesting the amount of earnings that the Social Security Administration says you had, and the amount of money they say you were over paid. You should also ask Social Security for a review of your earnings record. You may be a victim of identity theft and one or more people might be using your Social Security number to illegally work..Most Americans contribute 6.2 percent of every paycheck to Social Security, but due to the payroll tax cap, people earning more than 8,400 contribute nothing over that amount. Eliminating the payroll tax cap would extend the solvency of the program responsibly, without cutting benefits for seniors. Do you agree?.Our nation is in a hyper-partisan period as the November elections approach. In this environment it becomes tricky when reporting about issues that affect you and other TSCL supporters because the issues are so often intertwined with politics. … Continued