News

TSCL is working with Members of Congress for enactment of legislation in both the House and Senate that would require Medicare to negotiate drug prices on behalf of Medicare beneficiaries. Recently TSCL launched a nationwide grassroots effort to urging Americans to contact Members of Congress to protest how big drug companies are getting away with steep prices on drugs, and to urge them to enact legislation that would make Medicare responsible for negotiating drug prices. Join the effort, sign our petition!.Action from Congress is needed to address Social Security's looming shortfall. Without it, the Social Security Trust Fund is estimated to run short by 203Should that occur, benefits would be reduced by about 22% to match the level of payroll taxes coming in..For roughly 10 million older Americans who have been retired since 2000, the buying power of their Social Security benefits only 'improved' by a meager 1 percent, from a loss of 34 percent over the period 2000 to 2018 to a loss of 33 percent from 2000- 201The loss occurred even though beneficiaries received a 2.8 percent annual cost - of - living adjustment for 2019..High Dose and Adjuvanted Flu Vaccine Side Effects.To allow this situation to languish so long is a national disgrace when there's a surprising high level of bipartisan support for Notch Reform through "The Notch Fairness Act." This legislation would allow Notch Babies born from 1917 through 1926 a choice between a lump-sum of ,000 payable over a four-year period, or a higher monthly benefit. As of this writing, more than 94 cosponsors have signed on..By Rick Delaney."Sequester Savings on Senior Programs Would Add New Cost, Study Says," Kerry Young, CQ Roll Call. "Meals on Wheels Budget Cuts: 'Slowly Developing Crisis,'" Jeanne Sahadi, CNN Money, May 6, 2013..This may be difficult to believe, but consumer price index data suggests that the annual Social Security cost-of-living adjustment for 2020 could be close to zero next year - a mere 0.5 percentage point. This comes even as the costs of goods and services used by retirees are shooting upward according to responses to TSCL's 2019 Senior Survey..As originally introduced, the bill tied all income taxes paid on Social Security benefits to the Social Security Trust Fund, and none to the Medicare Trust Fund. Instead, the bill specified that revenues destined for the Medicare Trust Fund would come from general revenues, in an amount equal to those that the trust fund was otherwise estimated to receive from the taxation of Social Security benefits.