"Hospitals Struggle to Restart Lucrative Care After Coronavirus Shutdowns," Reed Abelson, The New York Times, May 17, 2020..Information and assistance.There are better and more fair choices for indexing the COLA. The BLS also measures the price change experience of All Urban Consumers which covers about 88% of the U.S. population including retirees as well as younger people, and it even maintains a "senior-specific" experimental CPI, the Consumer Price Index for the Elderly, that our government has quietly tinkered with since 1983, but has never used to calculate the COLA..After a rare bipartisan agreement, President Obama signed a bill into law that will extend the payroll tax break and unemployment benefits, and prevent a 27% pay cut to Medicare physicians. The President signed the measure into law in private on Wednesday, after celebrating the passage of the bill at an event on Tuesday..The plan would comprehensively reform Medicare by transforming it into a "premium support" program, where seniors would be given vouchers by the federal government to purchase private health insurance coverage on a federal exchange. Experts predict that "premium support" models like the one laid out in the "Budget for a Brighter American Future" would result in substantially higher out-of-pocket costs for Medicare beneficiaries over time..TSCL believes that Social Security and Medicare remain at high risk of major changes that would cut benefits and continues to meet with Members of Congress and their staffs. The COLA is particularly vulnerable due to the size of the reduction in the deficit it would have - both by cutting federal spending and boosting tax revenue. The next election will be one of the most critical in years for both retirees and older Americans within ten years of retirement. TSCL urges you to ensure that you and your family are registered and ready to vote this November!.Let's say that you work for an employer with more than 20 employees. Then you and your wife may delay enrollment in Medicare, if you continue to work, and as long as you're still covered by the group health plan. If your employment or coverage ends, however, then you and your wife have 8 months to enroll in Medicare. COBRA and retiree health plans don't count as coverage based on current employment..These actions are what families do, but they are not without long term costs to retirement security. Some of you have reported going into debt, most often due to high medical costs. In fact, a Gallup poll in July of 2020 found that 15% of the adults contacted reported at least one person in their household had medical debt that will not be repaid either in full or in part within the next 12 months..Unfortunately, for too many members of our communities, that's exactly what is happening, and it's something that I hear about far too often. Millions of seniors across the country, including my own mother, have been the victims of financial scams and they are being cheated out of their rightful retirement.

Prevent Wellness Wisdom

"Medicare, the federal health insurance program that covers Americans over 65, is facing an impossible dilemmShould it cover a new and expensive medication for Alzheimer's disease, which afflicts 6 million Americans and for which there is no existing treatment, even though the drug might not actually work?".If you own a pet and have been to the vet lately, the bill may have taken a big bite out of your budget. Like human healthcare, the cost of vet services is growing several times faster than inflation. But unlike human healthcare, the cost of vet services has been growing even faster than the cost of medical services from your doctor 68% faster in 2013 alone. And although you may have Medicare or some other type of health insurance for yourself, chances are you don't have health insurance for your pet meaning you foot 100% of the vet bills..A number of innovative alternatives to the SGR exist those outlined above are three among more than a dozen. Because the options are so varied, TSCL believes that testing and evaluating different models will be a critical step in the process. A bill recently introduced by Rep. Allyson Schwartz the Medicare Physician Payment Innovation Act would do just that, and we look forward to partnering with her in the coming months to resolve the physician payment fiasco once and for all. … Continued

Report Section How Much Is Enough Out Of Pocket Spending Among Medicare Beneficiaries Appendices

Currently, because the Trust Funds are a part of the unified federal budget, Congress regularly uses the "excess funds" those not immediately needed for purposes other than to pay out benefits. TSCL believes that this practice is fundamentally unfair to current and future beneficiaries, and because both programs are facing insolvency within the next two decades, we believe it is now more important than ever for Congress to end the irresponsible practice. TSCL enthusiastically supports the Social Security and Medicare Lock-Box Act, and we look forward to working with Congressman Walberg in the coming months to help build support for it..The government negotiates prescription drug prices for veterans and Medicaid beneficiaries, but it is barred from negotiating lower prices for Medicare beneficiaries. As a result, seniors enrolled in Part D often pay much higher prices than other Americans for their prescription drugs. What are you doing to correct this unfair policy?.Members of Congress may lose an election but unlike other Americans, they never lose their retirement and health benefits. A Member of the House or Senate who retires at age 60 after just 12 years in office will receive a Congressional pension of ,000 a year and lifetime benefits that could total more than 0,000.Notch Bulletin: How Long Have Notch Babies Been Underpaid? I was born during the Notch period. I would like to know how long Notch Babies have been underpaid. In addition could you tell me if the underpayment has been corrected and if we are receiving the right amount now? - M.R. Fort Cobb, OK … Continued

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