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The COLA will be announced in mid - October and the Medicare Part B premium often is announced by the end of November..Conservatives and budget hawks have long sought to roll back large government programs like Medicare and Medicaid to rein in the debt..The federal government will work with the private sector and Congress to implement the recommendations and develop a strategy to create a robust and resilient pharmaceutical and active pharmaceutical ingredient supply chain, including facilitating adoption of novel methods for commercial production of pharmaceuticals and biologics..That subject is the coronavirus flu. We wrote a little about it last week, but we still have questions and concerns and we think you probably do, also. Let's start by pointing out the following: even the world's top infectious-disease specialists still aren't sure how lethal a threat the coronavirus presents..Does Social Security Provide Enough Income For Today's Retirees?.A sixty-four billion dollar budget cut does nothing to prevent fraud to begin with, especially when investigators and stronger oversight through the judicial system during the determination process are critically needed. TSCL believes that funding should be appropriated for the Cooperative Disability Investigations Program. The CDI program continues to be one of the Social Security Administration's most successful initiatives to prevent fraud, returning an estimated for every spent in fighting fraud..and inexpensive generics but she suffered from extreme fatigue and depression..If signed into law, the Medicare Physician Payment Innovation Act would repeal the Sustainable Growth Rate formula and set up a five-year trial period during which the Centers for Medicare and Medicaid Services would test and evaluate new payment and delivery models. It would prevent scheduled pay cuts to physicians who treat Medicare patients, and it would stabilize reimbursements throughout the trial period..They have already spent heavily on lobbying and are expected to soon intensify their efforts, and TSCL's concern is that the new protections could be watered down during the rulemaking process and leave consumers still vulnerable to unexpectedly large bills.

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Despite these obstacles, Subcommittee Members were relentless in their requests for CMS to reform the system. A frustrated Chairman Herger stated, "To date, CMS has offered little beyond excuses and questionable reports. If CMS does not responsibly act, then Congress will require them to." Trenkle closed the hearing with an agreement to provide the Subcommittee with an updated list of options and cost estimates by the beginning of next year. TSCL will continue to monitor any movement on this important issue..Since the WEP and GPO were created decades ago, lawmakers have been working on better alternatives. At Tuesday's hearing, those on the subcommittee discussed a bill the Equal Treatment of Public Servants Act that could be a promising solution. If signed into law, it would provide immediate relief to current retirees affected by adjusting their Social Security benefits. According to Stephen Goss the Social Security Administration's Chief Actuary around 80 percent would see benefit increases of approximately 20 percent..AHCA Advances Through House … Continued

State Legislatures Magazine Post Vaccine Economic Forecast Hints Of Normalcy But Uncertainty Lingers Magazine2021

If signed into law, the Protecting and Preserving Social Security Act would amend title II of the Social Security Act to calculate cost-of-living adjustments based on the Consumer Price Index for Elderly Consumers. It would also amend the Internal Revenue Code to gradually eliminate the cap on income subject to the payroll tax..Low inflation is often blamed on the economic recession and slow recovery, but there are other factors. Unbeknownst to most of the public, the federal government has quietly made numerous changes to the methodology used for the nation's inflation measurement - the consumer price index. Politicians claim the changes make the CPI more accurate, but virtually all of the changes since the 1980's have lowered the measured rate of inflation and reduced the growth of Social Security benefits..The Chairman rightly pointed out that Prescription Drug Monitoring Programs and other online drug tracking systems can ensure that patients are only receiving the drugs they need. Senator Michael Bennet agreed that digital record keeping databases can help limit opioid prescriptions, and cited his new bill that would mandate electronic prescribing for all opioid medications prescribed to Medicare Part D beneficiaries. … Continued