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TSCL opposes such plans since evidence shows they would result in higher out-of-pocket costs for most older Americans, and we will advocate against them as the administration attempts to build support. To stay updated on the latest Medicare reform news from Washington, visit the Legislative News section of our website..Let's be clear about this. No one is saying that the effort to cut Medicare and/or Social Security will come this year or next..Those include pharmacy benefit managers, insurers, hospitals and others in the biopharmaceutical supply chain. Meanwhile, a greater share of the cost of medicine has shifted onto patients..For each of the reasons above, TSCL sincerely hopes that Congress will allow the Social Security payroll tax cut to expire at the end of this year. Extending it for a third time would be irresponsible, and we fear that it could jeopardize the program's ability to fully pay Social Security benefits in the future. To learn more about the tax cut and other issues affecting Social Security, visit our website..In addition, The Senior Citizens League believes that an extension of the tax holiday could make a permanent cut more likely, further jeopardizing the program's ability to fully pay Social Security benefits in the future.."Senior Advocates: Small Social Security Bump May be Sign of Future Bad News".In the House, Representative Kevin McCarthy will take over the top post House Minority Leader for Republicans next year. Representative Steve Scalise will become the Minority Whip, and Representative Liz Cheney will hold the position of House Republican Conference Chairwoman. House Democrats, who will take over the majority in the House next year, will hold their leadership elections on November 28th, following the Thanksgiving recess..Sen. Mark Begich introduced S. 896 on May 8, 201It has since been referred to the Committee on Finance..Once lawmakers return from next week's holiday break, they will have just a few days to pass a continuing resolution to keep most of the federal government operating past December 7th. Should they fail to reach an agreement before then, part of the federal government will shut down like it did earlier this year. The Senior Citizens League is hopeful that lawmakers will act responsibly to keep the federal government fully funded so that essential programs like Social Security and Medicare can operate as smoothly as possible.

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Just hours after the trustees released their annual reports on Wednesday, members of the House Ways and Means Social Security Subcommittee met with Chief Actuary Stephen Goss to discuss the findings. Many of those present at the hearing expressed their commitment to addressing the program's funding shortfall. Chairman Sam Johnson said, "The longer we wait, the tougher it will get to fix Social Security. So the sooner we act the better." Chief Actuary Goss agreed, saying: "The trustees have consistently advised that enacting changes soon, even if with delayed effective dates, will allow more options to be considered, more advance warning for those affected, and a more gradual phase-in of adjustments.".Flu vaccination has many benefits. It has been shown to reduce flu illnesses and also to reduce the risk of more serious flu outcomes that can result in hospitalization or even death in older people. Flu vaccination has been shown in several studies to reduce severity of illness in people who get vaccinated but still get sick..A survey conducted by TSCL earlier this year found that 73 percent of people responding strongly oppose a widely debated proposal to cut benefits by switching to a more slowly-growing COLA index. Sixty-five percent, however, strongly favor raising the taxable maximum income cap and requiring high income workers with wages of more than 7,000 to pay taxes on all earnings. … Continued

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Medical costs are a big expense in retirement that many retirees tend to underestimate. But healthcare isn't always the biggest item. Housing takes the biggest chunk of the household budget in retirement. Here are five of the biggest housing expenses to whittle down in 2014:.The BPC released its own estimate of the impacts of a coronavirus recession on Social Security, projecting that it would accelerate the depletion of the trust fund from 2035 to 202Without any changes, a depletion of the Social Security trust fund would trigger program wide benefit cuts of 23%, as benefits adjust to the level of revenues still received by the program..A survey by The Senior Citizens League indicates that Social Security benefits have lost more than one-third of their purchasing power over the past decade. Do you support calculating the COLA using an index that more accurately measures seniors' cost of living? … Continued