Recently a journalist, familiar with my estimates of cost-of-living adjustments, contacted me for my thoughts on the topic. Did I think we were staring down rising inflation? I told him that I needed to see more data..This week, seven new cosponsors signed on to the Social Security 2100 Act, bringing the total up to eighty-four. The new cosponsors are: Reps. Luis Gutierrez, Marc Veasey, Lucille Roybal-Allard, Eddie Bernice Johnson, Chellie Pingree, Joyce Beatty, and Peter DeFazio..Also this week, one new cosponsor Rep. Lou Barletta signed on to Rep. John Duncan's CPI for Seniors Act. The cosponsor total for this bill is now at 11..TSCL on the Hill.In her new role as CMS administrator, Verma will report to Health and Human Services Secretary Tom Price, who has authored several Medicare reform plans in recent years. His proposals would increase the Medicare eligibility age from 65 to 67 while adopting a "premium support" model, where beneficiaries would be given vouchers from the federal government to purchase private health insurance..A letter to the editor of The Topeka Capital Journal describes one such case of Medicare's over-compensation problem. The writer said that after receiving a back brace for treatment of spinal stenosis, the local back therapy center billed Medicare ,300. Yet the writer found the same brace from the same manufacturer online for Medicare approved 4 for the brace. The writer said that when he contacted the Medicare fraud unit he was told that 4 was the correct Medicare - approved payment to providers for the brace and was told there was nothing Medicare could do about the over-pricing..Recent healthcare reform legislation gradually reduces what beneficiaries must spend when they reach the Part D doughnut hole or gap in coverage. Medicare consumers who hit the doughnut hole receive a 50 percent discount on brand name drugs and a 7 percent discount on generics in 201While that's good news, don't breathe any sighs of relief just yet. Seniors and the disabled who hit the doughnut hole must still spend ,448 in total drug costs in 2011 before they reach catastrophic coverage period..On the heels of Greenspan's recent statement, President Obama's Fiscal Commission is due to release itsplan to solve the growing U.S. deficit by December 1st of this year. The Commission is eyeing major cuts to Social Security - including cost-of-living adjustments cuts that would affect 53 million current beneficiaries..The big news at the end of last week was President Trumps four executive orders that are supposed to lower prescription drug prices. Lowering those prices was something he campaigned on in 2016 and has talked about since, but this is the first time he has taken action.

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House Adjourns for Recess.Wall Street economists are in the midst of a growing debate over whether we are in for "the return of inflation.".Fresh is not always more healthful than frozen. From the moment fruits and vegetables are harvested, they begin to lose nutrients. Fruits and vegetables grown in North America may spend up to 5 days in transit before arriving at a distribution center, and another 1-3 days on display prior to purchase. Consumers may keep their produce for up to 7 days prior to consumption. Consequently, fresh produce can lose a considerable amount of nutrients before consumption. A University of California study found, for example, that vitamin C losses in vegetables stored 7 days range from 15% for green peas, to 77% for green beans. Unless you are harvesting and consuming your own home grown fruits and vegetables within a few hours of picking, frozen choices may be just as high in nutrients. … Continued

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During that period COLAs have averaged just 1.4%. In 2010, 2011, and 2016 there was no COLA payable at all and, in 2017, the COLA was just 0.03 percent. "But COLAs have never remained so low, for such an extended period of time, in the history of Social Security," says Johnson, who has studied the COLA for more than 25 years. Over the 20 - year period covering 1990 to 2009, COLAs routinely averaged 3 percent annually, and were even higher before that period..Senators Urge Action on Drug Prices.plan covers it, every year. Case in point: Using the Medicare Drug Plan finder … Continued

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