This week, TSCL saw support grow for three bills in the House and one bill in the Senate. First, two new cosponsors signed on to the bipartisan CREATES Act of 2017, bringing the total up to nine. The new cosponsors are Representative Carol Shea-Porter and Representative Francis Rooney. If signed into law, the bill would increase competition in the prescription drug industry by encouraging generic and biosimilar drug manufacturers to introduce their products to the market more quickly..By U.S. Representative Abigail Spanberger.That estimate appears to be one prepared by the Social Security's Chief Actuary who projected in 2003 that a totalization agreement with Mexico would have a negligible long-range cost to Social Security. The Social Security Administration estimated that costs to the U.S. Social Security system would average about 0 million per year over the first five years. In 2003 the Government Accountability Office evaluated that cost estimate and sharply criticized it, saying that "the cost of such an agreement is highly uncertain." The GAO reported that SSA's estimate failed to account for the large number of Mexicans who are or have worked in this country without legal authorization..In the meantime, to comply with the new health law, people need to continue to maintain health insurance or pay a fine, because the individual mandate is still in place. And unless Congress acts to repeal Obamacare in its entirety, insurers will still be required to provide coverage despite pre-existing conditions. The big question remains, however, how millions of people will be able to afford Obabmacare coverage if no subsidies are available..Genetic testing is not routinely used by doctors to screen for cancer. Here's how the scam works - The "target" might receive automated phone calls, often multiple times a week, or may be approached in-person by a "recruiter." The recruiter, who may present herself as a "certified Medicare counselor," convinces the target to take a genetic test promising that Medicare pays the full cost. The patient, however, often never receives a report, or the report may be incomprehensible.."Caught Up In A Medicare Drug Fraud," Tracy Weber and Charles Ornstein, ProPublica, December 31, 2013..The non - partisan Kaiser Family Foundation estimated that, if 500,000 of the roughly 6 million Americans with Alzheimer's are prescribed Aduhelm, total Medicare spending on this one drug, for one year, would be nearly billion. This would far exceed the spending on any other drug covered by Medicare Part B, or Part D, in 201Medicare spending for all Part B drugs was billion in 201What's more the estimated billion does not include the cost of any associated care. The drug can cause some people temporary brain swelling or small bleeding spots on the brain and requires pricey magnetic resonance imaging scans to monitor treatment..Improve work incentives and encourage disabled beneficiaries who improve to return to work. Current disability rules restrict what disabled beneficiaries can earn, which serves as a disincentive to those who are capable of re-entering the workforce. TSCL favors adopting rules that are consistent with those of the retirement and survivors program, which allows people to earn ,310 per month before benefits are reduced..New Congress Sworn in but Little in the Way of Legislation Yet

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If you are still in the retirement planning stage it's well worth the time and effort to learn all that you can about your retirement options, how much you should be saving, and what programs might be available to help you do a better job of planning your retirement. Check your community resources for retirement information, like workshops at local senior centers, libraries and community colleges, before making any decision about when to start benefits..Accelerate or postpone discretionary medical expenses when feasible. The new health law reduced the amount of unreimbursed medical expenses that you can claim when itemizing the deductions. Taxpayers under the age of 65 can claim deductions for expenses that exceed 10 percent of their adjusted gross income. If you are age 65 and older you may still deduct total medical expenses that exceed 7.5% of your adjusted gross temporarily but that ends in 201If your expenses are right on the borderline, you may want to take care of any pending medical services and appointments now, so you can boost your deduction for 201If your expenses were too low to claim the medical expense deduction for 2014, consider postponing discretionary services a few weeks into the New Year..While appliances and used vehicles are generally only purchased occasionally, 2020 was not a good time to be shopping for a new washing machine or used car. Appliances increased by an astonishing 17.2 percent and used vehicles rose by 10.9 percent. Johnson points out that, this time a year ago, the price increases of used vehicle prices were negative, at minus 12 percent. However, manufacturers of appliances as well as new cars and trucks shut down production lines at the start of the pandemic. While plants have slowly re-opened, supply chain disruptions and social distancing requirements have slowed production recovery. That's led to long waiting lists for appliances, and the demand for used vehicles shot up. … Continued

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Medical: Medicare recently reported the lowest growth in healthcare costs on record based on spending through 20But that's not the case for seniors. In fact, since 2000, Medicare Part B costs rose as fast as the cost of gasoline. Seniors will receive notification this month of their Medicare Part B premium for 201It's also important to check your Part D drug coverage. Medicare Part D's infamous drug coverage gap, aka the "doughnut hole," is slowly closing a widely touted benefit of the 2010 healthcare law. Several Part D costs, like the "standard" deductible, and the out-of-pocket costs thresholds, will be lower in 201But for the first time since Part D started, the initial coverage amount, the amount all seniors use when they fill a prescription, will be less generous by 0. That means you may hit the doughnut hole coverage gap sooner..TSCL offers its supporters an unconditional refund of their most recent donation if they are dissatisfied with our position or performance..By Representative Josh Gottheimer … Continued

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