Fiscal Policy State Actions On Coronavirus Relief FundsThis late into 2018, one way to prevent a penalty is to pay an estimated, or additional payment that brings your estimated tax payments to least 100 percent of your prior year tax liability, or 110 percent of the prior year liability, if you believe you will have higher income in 201If you think you may have underpaid during the year, there's still time to make an estimated payment by January 15th, 2019 to stop penalties from accruing. To prevent the same problem next year, consider adjusting withholding taxes from pension or annuities, as well as withdrawals from retirement accounts..Let me be clear: I value genuine research and development, I believe drug companies should be able to make reasonable profits, and I understand that investors expect reasonable returns. I also believe, however, that it is Congress' job to ensure that Americans do not have to live with the fear that they will go bankrupt if they get sick. That is why I introduced the Prescription Drug Affordability Act of 2015 with Senator Bernie Sanders last year. This bill is a bold and comprehensive approach to reducing prescription drug prices in the United States. It empowers the Secretary of Health and Human Services to negotiate drug prices under the Medicare Part D prescription drug program; it enhances transparency, encourages competition, and brings much needed accountability to the pharmaceutical industry..Action on Capitol Hill remained slow this week, as both Houses of Congress have adjourned for the August recess. However, The Senior Citizens League did see support grow for two key pieces of legislation. … Continued
Unity Hospital Celebrates 50 YearsThe rapid growth in Medicare Part B costs is consuming an increasing share of beneficiaries' income. What proposals do you support to slow the growth in the out-of-pocket costs?.On Wednesday, the Social Security and Medicare Trustees released their annual reports on the financial outlook of both programs. As expected, they found that Social Security and Medicare are experiencing long-term financing shortfalls. Social Security's combined trust funds are expected to be depleted in 2034, which remains unchanged from last year's report. Medicare's Hospital Insurance trust fund is expected to be depleted in 2028 two years earlier than the trustees projected last year..One important option to select is inflation protection. The cost of … Continued
