Medicare "Premium Support" Gains Momentum.This week, members of the bicameral budget conference seemed to hit an impasse, and The Senior Citizens League announced its support for the Social Security and Medicare Lock-Box Act. In addition, two key bills gained cosponsors this week.."Anyone would have to acknowledge that a lot of what has gone on with the pharmaceutical industry as it relates to their contacts with doctors is lobbying, pure and simple," McCaskill said in the hearing. "If we are going to limit the lunches that can be bought for members of Congress in the context of lobbying, shouldn't we have the same kind of disclosures with doctors? And if it is in fact about the patients, the industry should have no problem disclosing how much money they are spending on doctors in terms of recreational time. I'm talking about golf, I'm talking about trips, I'm talking about dinners, I'm talking about expensive wine. Why in the world would we allow that to go on without the public and the patients knowing that's going on?".Here are three good books to help you get up to speed:.For more information about town hall meetings near you during the holiday recess, call the local offices of your Members of Congress. For contact information, click HERE..On Thursday, the Ways and Means Committee held a long overdue hearing on the Social Security 2100 Act. The bill was introduced by Congressman John Larson in January of this year. A companion bill was introduced in the Senator by Senator Richard Blumenthal. If adopted these bills would strengthen and reform Social Security by providing beneficiaries with a 2 percent benefit increase, would base the cost-of-living on the CPI-E, create a new minimum benefit set 125 percent of the poverty line and cut taxes for beneficiaries. Increase costs to the program would be paid for my applying the payroll tax to income over 400,000 and gradually increase the payroll tax rate to 7.4 percent..By working longer, you may have access to employer-provided health.Monday Holidays.TSCL recently released an analysis of the proposal that estimates the chained CPI would cut the growth in average benefits of ,100 today by about ,634 over the course of a 25-year retirement, and that assumes that the economy becomes more stable soon. Nevertheless, the reductions in COLA growth compound over time, and are deepest when seniors are the oldest and sickest. By the time seniors are in their late 80s or 90s, when they are most likely to have chronic health problems, monthly benefits would be about 5 lower using the chained CPI.

News Summary Senate Appropriations Committee Approves Fy19 State And Foreign Operations Sfops Appropriations Bill

"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?".In the debate over Social Security's funding, much of the debate has focused on benefit cuts. A recent survey by the National Academy of Social Insurance, however, shows that benefit cuts aren't supported by a large majority of survey participants. Those who participated in the survey agreed on a package of changes to strengthen Social Security that doesn't cut benefits..The "Notch" refers to a disparity in benefits that resulted when Congress changed the Social Security benefit formula in 197The changes affected seniors who became entitled to Social Security just two years later. The group born from 1917 through 1926 are known as "Notch Babies" because they receive lower Social Security benefits than other individuals with similar earnings histories. … Continued

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Preliminary Analysis of the Rivlin-Ryan Health Care Proposal, Congressional Budget Office, November 17, 2010..Costofliving adjustments are falling to anemic lows again in 201Seniors and the disabled will learn the 2013 increase on October 16, 2012, but TSCL expects the increase will be about 1.1%. That would raise the average monthly benefit .80 from ,126 to ,141.80 hardly enough to offset big expected spikes in food costs which are rising twice as fast. The rapid increase in home heating fuels and prescription drug costs also outstrips the COLA as well..Net Investment Income Tax, Federal Register, accessed on June 6, 2009. … Continued

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