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This week, the Social Security and Medicare Trustees released their annual reports on the financial standing of the two programs. In addition, the Supreme Court announced its decision on the immigration orders President Obama released back in 2014..This year's Trustees Reports show that both programs face modest financial challenges that can be addressed by Congress with minor reforms. The Senior Citizens League supports the passage of legislation like the Social Security 2100 Act or the Social Security Expansion Act, both of which would strengthen the Social Security program's finances responsibly, without cutting benefits for current or future retirees. In addition, we hope Congress will pass legislation to bring down prescription drug costs in the Medicare program. Requiring Part D drug price negotiation would save billions of dollars for both the federal government and Medicare beneficiaries..While seniors with Medicare aren't required to have an Obamacare health plan, they have worries too. Obamacare cut Medicare by more than 0 billion over ten years, and that's starting to impact seniors age 65 and older. In particular, the law cut reimbursements to Medicare Advantage plans by 6 billion..According to an article by StateNews.com, pharmaceutical manufacturers have been pouring millions of dollars into this year's Congressional campaigns..A provision of a recently enacted government spending bill restricts Part B premium increases in 202The bill caps the Part B premium increase for next year at the 2020 amount plus 25% of the difference between the 2020 amount and a preliminary amount for 202The preliminary amount would be calculated the same way that it would have been without the bill but would prevent dramatic increases that may have occurred as a result of Medicare Part B premiums growing when the COLA is so low..the New Deal in 1935, it was never designed to be anyone's sole means of support.TSCL Expects COLA Will Be About 1.4%.The funding of President Trump's border wall, which is part of the funding for the Department of Homeland Security, had been a major sticking point but that has apparently been resolved..View TSCL's entire plan for fixing the Social Security Disability Insurance program.

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The 2020 Social Security Trustees Annual Report, April 22, 2020..I turn 66 this year and my wife is 6Neither one of us has started Social Security. We receive health insurance through my employer. Do we need to sign up for Medicare yet?.Health, fitness, and wellness programs … Continued

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The report stated that the four changes together would eliminate 113% of Social Security's projected long-term financing gap. The majority of participants, who included all income levels, and political party affiliations, preferred the package of changes. "This survey reflects similar findings to surveys conducted by TSCL," says TSCL's Executive Director Shannon Benton. We hope that this survey can serve as an outline for a plan to strengthen Social Security without having to rely on benefit cuts," she states. "We encourage our readers to share the findings of this study with your Members of Congress," Benton adds..Are Members of Congress Giving Up Their Health Insurance for Obamacare?.For years, TSCL has been advocating on Capitol Hill for a more fair and accurate Social Security COLA for beneficiaries. The Consumer Price Index for Elderly Consumers Act legislation introduced by Rep. Michael Honda is a common-sense solution that would better protect the purchasing power of Social Security benefits since it would use a more accurate measure of inflation. … Continued