Prevention of Fraud, Waste, and Abuse Eliminating inefficiencies within Social Security and Medicare..The previous changes have not only resulted in cutting the growth of COLAs received by Social Security recipients, but those of military retirees and COLA recipients in all other federal benefit programs as well. They came after a 1996 government commission headed by economist Michael Boskin said the CPI overstated the rate of inflation, and thus "overpaid" COLA recipients. Proponents of slowing COLA growth today make the same argument..The survey found that a person receiving the national average Social Security benefit in 2000 - 6 per month - would have ,193.10 per month by 201However, because retiree costs are rising at a substantially faster pace than the COLA, that individual would require Social 0.30 more per month, or ,603.40 in 2018, just to maintain his or her 2000 level of buying power..Burwell Nomination Advances.This year, for the first time in decades, "expanding" Social Security became the platform of a major political party - the Democrats - while both presidential candidates, Clinton and Trump, expressed opposition to any benefit cuts. And lending credibility to the claims, legislation is pending in both the Senate and the House that would provide a boost to Social Security benefits and use a "seniors" CPI, the Consumer Price Index for the Elderly, to determine the annual cost-of-living adjustment. The legislation would finance doing this by lifting the payroll taxable maximum - which is currently capped in 2016 at the first 8,500 in earnings..Ending the payroll tax, "would end Social Security as we now know it - as an 'earned' benefit that people pay for with taxes based on their wages," Johnson says. "If Social Security were funded out of general revenues instead, the program would be more like welfare - subject to the annual appropriations process, and the funding or repeal whims of Congress," she says..The Speaker slammed drug companies for the level of stock buybacks and dividends in recent years and argued that cuts to prices will not harm research and development spending given new findings on buybacks..In the coming weeks, we will continue to advocate for the legislation in the Senate, where the bill now sits. We will post updates here in the Legislative News section of our website, and on our new page on Facebook..Low-income individuals whose state Medicaid programs pay their Medicare Part B premium on their behalf.

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Burwell will begin her work as HHS Secretary in the coming days, and TSCL will keep a close eye on her work since it could have major impacts on the Social Security and Medicare programs. TSCL is pleased that Burwell has already committed to working with Congress to repeal and replace the flawed sustainable growth rate formula later this year. However, she has also expressed her support for increased means testing within the Medicare program a proposal that TSCL is opposed to due to potential unintended consequences. For updates on HHS actions affecting senior citizens, visit the Legislative News section of our website..I've received numerous automated phone calls offering "free" Medicare-covered items like back braces and diabetes supplies. I'm not 65, not eligible for Medicare yet and I'm on the national DO NOT CALL list. Are suppliers allowed to do this?.Failing To Lift The Debt Limit Would Put Social Security Checks On Hold … Continued

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"Protecting the integrity of the Social Security program for current and future retirees is critical to our members and supporters," Hyland said. "As such, TSCL salutes you for introducing an amendment to S. 744 that would prohibit unauthorized workers from receiving Social Security benefits based on work completed illegally, with stolen or fraudulent Social Security numbers… we believe your amendment would improve the program's long-term solvency and prevent an unspecified and unnecessary strain on the Trust Fund.".This is a tough decision, for which you need independent advice from someone other than the marketing agent of a MA plan. TSCL strongly recommends that you contact your area agency on aging or senior services department and ask for one-on-one counseling available through your State Health Insurance Assistance Program. The service is available at no charge..When it comes to the future of Social Security, we have a choice: we can tell our children and grandchildren that their Social Security benefits won't be there for them because of a regressive tax that benefits the wealthy. Or, we can do what's right to make sure America's seniors and disabled citizens don't fear living in poverty. Our country is stronger when everyone can be financially independent and living with dignity, thanks to a program they paid into. … Continued

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