Rescue committees may not even be needed for Social Security. The House is working on The Social Security 2100 Act introduced by Representative John Larson, and has the support of 208 co-sponsors. The bill would provide;.One of the first steps in bringing down prices is demanding transparency from the many players in the prescription drug supply chain. Many experts point to pharmacy benefit managers as potentially contributing to rising list prices and out-of-pocket costs. PBMs are the veritable middlemen of the drug industry - they serve as intermediaries between drug manufacturers, health insurers, and pharmacies. Some believe that, during this process, drug makers are forced to raise the list prices of their drugs just so they can offset the costs of rebates paid to these PBMs..According to TSCL's 2017 Senior Survey, 8% of survey respondents said that their benefits have been withheld by Social Security due to excess earnings. Unless you have a terminal illness and are not expected to live very long, we strongly recommend that you consider delaying the start of your Social Security benefit until you are 66 or older when you will be eligible for the full, unreduced amount. To get the maximum, consider working until age 70 if you can. Your benefit will grow by 8% per year if you do..Phasing in an increase in the payroll tax rate for workers and employers from 6.2% to 7.4% each over a period of twenty years. The gradual growth would mean an extra 50 cents in taxes per week each year for the average worker..Does it make sense to allow so many to become entitled based on illegal benefits? Previous estimates by TSCL and other policy groups project that the cost could add hundreds of billions of dollars to a program that is now in deficit..Representative C.W. Bill Young.How to Hold That Thought.On Monday, the CBO released its highly anticipated analysis of the BCRA health reform legislation released late last week by Republican leaders in the Senate. The report shows that if signed into law, the bill would leave 22 million more individuals uninsured than current law, and it would hit older, poorer people the hardest especially those between the ages of fifty and sixty-four with less than ,200 in annual income. Those individuals would see health insurance premium increases of 200 percent or more under the BCRA..TSCL is adamantly opposed to using COLA cuts to reduce the federal budget deficit. "With thousands of dollars in Social Security and Medicare benefits at stake, we urge everyone who cares about their Social Security and Medicare benefits to contact their lawmakers in Congress NOW," Benton says.

The Canvass June 2016

Any Toll Free call to Congress on the number will be paid for by The Senior Citizens League..The Social Security Act requires the President to submit to Congress the text of totalization agreements and a report that includes the estimated number of individuals who would be affected and the estimated financial impact of the agreement on Social Security. Nevertheless the documents released to TSCL in December of 2006 supplied only an incomplete five-year cost estimate..The panel discussed the following options for strengthening Social Security, among others: updating the benefit formula for low-income workers, modifying the annual cost-of-living adjustment to make it more accurate, increasing survivors' benefits, and creating caregiver credits for those who support aging parents. However, the focus of Wednesday's hearing seemed to be on addressing the insolvency of the Social Security Disability Insurance program. … Continued

Private Insurance State Indicator Market Share And Enrollment Of Largest Three Insurers Individual Market

In general, distributions from a traditional IRA are taxable in the year you receive them, although there are some exceptions. Thus you would need to figure the full amount of your distribution in figuring your provisional income..We normally try to stay away from items that are covered in the news during the week. There would be no point in sending this out of all we did was repeat what you already know. But this time we have decided we need to talk, at least a little, about the subject that has captured the attention of the major and local news media, and the government this week..For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the our website at, follow TSCL on Twitter or Facebook. … Continued

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