In a message to Congress in 1945, President Truman said "Millions of our citizens do not now have a full measure of opportunity to achieve and enjoy good health. Millions do not now have protection or security against the economic effects of sickness. The time has arrived for action to help them attain that opportunity and that protection." Twenty years later when President Johnson signed Medicare into law, he remarked on Truman "Many men can make many proposals. Many men can draft many laws. But few have the piercing and humane eye which can see beyond the words to the people that they touch […]And fewer still have the courage to stake reputation, and position, and the effort of a lifetime upon such a cause when there are so few that share it." I am honored to continue fighting for Truman and Johnson's visions as we look forward to another 50 years of Medicare..The 2013 COLA will be announced October 16, 201Based on CPI-W data through June 2012, TSCL's Advisor editor Mary Johnson forecasts that the COLA payable next year will be about 1.4% - 1.5%. That would make it one of the lowest COLAs paid in the 38 years since the COLA became automatic..In short, the Social Security disability trust fund would become insolvent by mid-2021 and the retirement trust fund would become permanently depleted by 2023, just two short years from now..Will money borrowed from the Social Security Trust Funds be repaid in full?.Why Does My Doctor's Office Need to Call My Insurer Before Scheduling a CT Scan?.President Trump recently said that the United States has to create new bidding procedures for the drug industry. TSCL believes that new bidding procedures alone would not give Medicare the power to bring down prices on drugs when a company holds a monopoly on the only drug available to treat specific conditions. TSCL supports giving Medicare greater power to negotiate the price of drugs like it does for all other services covered under Medicare, and making it easier to import less expensive FDA approved drugs..According to an analysis performed for TSCL, monthly benefits between 2009 and 2016 are 13% lower than they would have been if inflation had been closer to the more typical 3%. For the typical retiree with an average monthly benefit of ,117 in 2009, Social Security benefits are about 9 per month lower this year, according to the analysis. The analysis calculated that, since 2009, people with average Social Security benefits have lost ,575 in total Social Security income over the past 7 years..Replace windows and roofs only when necessary. Windows and roofs are expensive and no fun for older homeowners to replace. While homebuyers expect roofs and windows to be in good condition, replacing them may not dramatically boost the resale value of your home. Get the opinion of your real estate agent..Parent must receive at least one-half of his or her support from that individual.

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Second, every two years, the Taskforce will submit a report to Congress outlining trends and innovations that are impacting the investment for senior investors. This will keep a cop on the beat to make sure we keep up with changes in financial scams. The report will also include recommendations for changes to rules of the SEC or other organizations, and any legislative actions needed to resolve senior investors' problems..This week, one new cosponsor Rep. David Loebsack signed on to the Consumer Price Index for Elderly Consumers Act, bringing the cosponsor total up to twenty-two. If signed into law, H.R. 1030 would adopt the CPI-E for the purpose of calculating Social Security cost-of-living adjustments. Currently, COLAs are based upon the way young, urban workers spend their money a method that underestimates the spending inflation seniors experience. H.R. 1030 would address this issue, resulting in more fair and accurate COLAs for seniors..One of the first tax cuts to expire under the recent tax law is likely to disproportionately affect older taxpayers and others with the highest healthcare costs starting in 2019, says The Senior Citizens League. "The medical expense deduction will become less generous in 2019, and that is likely to affect older taxpayers, because they tend to have high medical expenses," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. "A less generous healthcare cost deduction could mean higher taxable income next year," she cautions. … Continued

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"Independent analysts think the drug is worth more like ,000, but Medicare has no authority to charge a lower price. Instead, the federal program is likely in effect obligated to cover the new drug now that it has FDA approval. The tools it has to make a determination about whether or not to cover aducanumab and for whom are fraught with legal and ethical risk.".I'll always have the backs of our seniors, and I will ensure you all have the help you need and to protect against those who seek to take advantage of you. We all know this is going to take a fight. I'm hopeful that, with the Senior Security Act, we will help create real and lasting change, and I will be here, fighting by your side, every step of the way..The IRS is warning retirees to get an idea of how much income tax you may owe for 2018, and determine whether you need to make an estimated payment by January 15th, 201Recent changes to the tax law lowered individual rates and tax brackets slightly. The standard deduction almost doubled from ,350 to ,000, and single taxpayers older than 65 can deduct an additional ,600. On the other hand, personal exemptions have been eliminated. Tax advisors say that on average, most retirees will likely see a decrease in the taxes they owe, but individual circumstances vary greatly. … Continued

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