Senator David Vitter also reintroduced the Notch Fairness Act in the Senate. The Notch Fairness Act is legislation that would provide Notch Babies born 1917 through 1926, or widows who receive benefits based on their account, a choice of a lump sum of ,000 payable in four annual installments of ,250 or an improved monthly benefit..Sen. Enzi, one of the leading negotiators, said in a statement: "Congress is poised to approve a 10-year balanced budget for the first time since 2001, which represents an important step in confronting the nation's chronic overspending. This will help change the way we do business here in Washington to make the government live within its means just like hardworking families.".And that's not the only way this hospital and others like it are getting shorted. Most rural healthcare providers receive lower Medicare reimbursement rates. That puts rural providers in a financial bind and makes it difficult for hospitals and doctors to keep their doors open for business..That matters because there are two other legislative measures the Democrats want to pass before the end of this month: President Biden's infrastructure bill and a reconciliation bill. The reconciliation bill is what will set the parameters for funding the government for the next fiscal year..However, he has apparently given up his demand..There were reports recently that Republicans in the House of Representatives are insisting that stemming the growth of Social Security, Medicare and Medicaid costs is necessary. Bloomberg news reported on a House Budget Committee hearing about a new Congressional Budget Office report that projects trillion-dollar deficits for the next decade..It turns out than among seniors who are not vaccinated, the biggest problem may be access to the vaccine as opposed to opposition to getting the shot..What we hope is that we will spur you to take action and make a difference in helping us protect, preserve, and improve the programs you depend so much on: Social Security, Medicare and Medicaid..Lower than expected payroll tax revenues. Payroll taxes account for roughly 89% of Social Security's financing. But in 2020, businesses nationwide temporarily shuttered due to emergency stay at home orders. In addition, widespread layoffs, reductions in work hours, and job losses resulted in the collection of fewer payroll tax revenues. Emergency legislation that was passed last year allowed employers to even temporarily defer payment of Social Security payroll taxes until December of 2022 to help companies shore up cash flow and stay in business. While the job market is getting back on its feet again in 2021, unemployment is still higher than it was prior to the pandemic, and payroll tax revenue has not yet returned to pre-pandemic levels.

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For years, TSCL has been advocating on Capitol Hill for a more fair and accurate Social Security COLA for beneficiaries. The Consumer Price Index for Elderly Consumers Act legislation introduced by Rep. Michael Honda is a common-sense solution that would better protect the purchasing power of Social Security benefits since it would use a more accurate measure of inflation..TSCL enthusiastically supports these measures since they would go a long way in increasing access to more affordable prescription drugs for Medicare Part D beneficiaries. However, President Obama's budget request does include one reform to the Medicare program that TSCL opposes. It would increase means testing by requiring middle-class Medicare beneficiaries to pay higher Part B and Part D premiums. TSCL believes means testing within the program has gone far enough with recent increases under the Affordable Care Act, and we know that middle-class seniors simply cannot afford to pay higher out-of-pocket Medicare costs..TSCL enthusiastically supports H.R. 1902 and H.R. 2016, and we were pleased to see support grow for them this week. For more information on the status of the bills, visit the Bill Tracking section of our website. … Continued

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Now Medicare Part A is projected to again become insolvent, perhaps by 202Policy experts are proposing that the revenues raised by the 3.8% net investment income tax should be "re-directed" to the Part A Trust fund rather than the federal government general revenue..Public benefits counseling.The Congressional Budget Office estimates that there would be costs both to Social Security and Medicare, primarily for disability benefits starting as early as 2017, assuming enactment into law this year. The CBO said, however, that the new TSCL-supported amendment would save the programs about billion over the first 20 years, with the savings growing greater in the future. … Continued

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