Senate Republican Whip John Thune, who TSCL met with last week, noted the Senate plans to hold multiple hearings on what should be included in the next relief bill, but he said moving a bill "probably doesn't happen" until July..Here are three things you can start doing right now to lower your Medicare costs.Specifically, the WEP reduces the earned Social Security benefits of an individual paying into the system from one job while receiving a public pension from a job not covered by Social Security. Educators are just one example of folks especially hard hit when they take a summer job. The GPO significantly cuts by two-thirds the spousal benefits of federal, state and local employees in jobs not covered by Social Security such as police officers, firefighters, and educators..However, he has apparently given up his demand..For most Americans, the prices of essential prescription drugs are increasing far too rapidly for family budgets to sustain. Many Americans are being forced to choose between paying household bills and purchasing life-saving medications. The nonpartisan Kaiser Family Foundation issued a poll last October reporting that 77% of Americans - Democrats, Independents, and Republicans - identified the increasing prices of prescription drugs as their number one health concern.The American people are absolutely right..If signed into law, S. 2023 would take a number of steps to reduce the cost of prescription drugs, including requiring the Secretary of Health and Human Services to negotiate Part D drug prices, allowing the re-importation of drugs from Canada, closing the "doughnut hole" three years earlier than current law, and prohibiting "pay-for-delay" deals between drug manufacturers.."TSCL surveys indicate there is no support for benefit cuts among older voters," Johnson says. "We have learned, however, that there is widespread support to boost the amount of wages subject to the Social Security payroll tax, and to provide more adequate Social Security income," she says. "Raising the Social Security taxable maximum is a way to do both," she points out.."The drug is essential," Heyman testified. "People can die without it… The drug company deserves the right to make a profit. But it is unconscionable that one company, Valeant, can hold Wilson Disease patients hostage," she said in her testimony..The new cosponsors are: Sen. Jack Reed, Reps. Mark Takano, James Langevin, Ed Whitfield, Patrick Meehan, William Keating, Duncan Hunter, Anna Eshoo, Sam Farr, Raul Grijalva, John Larson, Billy Long, Michael Honda, David Price, Daniel Lipinski, Jan Schakowsky, Rosa DeLauro, and Ed Royce.
State Of State Legislatures 2020 Oas Episode 82
The last time the Medicare Part A Trust Fund was forecast to become insolvent was in 200At the time, the Part A Trust Fund was forecast to become insolvent by 201Lucky for us that never happened - in 2017 at least. Congress enacted the 2010 Affordable Care Act which changed Medicare taxes in two ways. It added a 0.9% surtax to the amount of Medicare payroll taxes paid by high earning individuals with wages over 0,000. This was on top of the 1.45% that workers currently pay on their wages. A second provision affecting the more affluent, imposed a 3.8% tax on a portion of net investment income. Estates and trusts can also be subject to this tax..The Senior Citizens League strongly endorses legislation that would guarantee that COLAs are no lower than 3% and is working with Congress for the passage of an emergency COLA benefit boost for 2021..As we said earlier, the end of the federal government's 2020 fiscal year is fast approaching and unless Congress can pass new funding legislation before then, we face the possibility of another government shutdown. Last week the House of Representatives passed a four-bill fiscal 2021 spending package, advancing its first annual funding measure of the year. The legislation includes State and Foreign Operations, Agriculture-FDA, Interior-Environment, and Military Construction-VA funding. … Continued
As we said, TSCL is supportive of intentions of these, and other efforts on the part of both parties to lower prescription drug prices. However, we also have our own concerns..New study says drug prices really have been increasing. … Continued