Senators Urge Action on Drug Prices.Extending The Payroll Tax Cuts: Employees' Social Security payroll taxes were reduced by 2 to 4.2 percent in December. Because it makes the Social Security trust funds reliant on general revenues, it would jeopardize the Administration's ability to fully pay Social Security benefits now, especially as we approach the August 2nd debt limit..TSCL continues working for enactment of The Notch Fairness Act, which has recently been reintroduced in both the House and Senate. Like an "old age boost" the legislation would provide Notch Babies born from 1917 through 1926 with a choice of ,000 payable in four annual installments of ,250 or an improved monthly benefit. To learn more about The Notch Fairness Act, click here..Check My or your last "Medicare Summary Notice" to see if you've met your deductibles. Deductibles are the amount you must pay before the service is covered, and vary widely depending on the type of coverage you have in addition to Medicare Part A and Part B..This week, one new cosponsor Rep. Matt Cartwright signed on to Rep. Peter DeFazio's No Loopholes in Social Security Taxes Act. The cosponsor total is now up to twenty-seven. If signed into law, Rep. DeFazio's bill would subject all income over 0,000 to the Social Security payroll tax. Currently, the payroll tax is capped at 3,700 and no income over that amount is taxed. H.R. 1029 would reportedly add another fifty years to the solvency of the Trust Fund in a responsible way, without reducing benefits for seniors..As I head toward the kitchen with the soda, a vase of flowers on the window ledge catches my eye--they need water..Around 20% of Medicare beneficiaries are also enrolled in Medicaid and receive help from the program to cover long-term nursing home stays. The BCRA would cut Medicaid by more than 0 billion and cap federal spending on the program. How will you ensure access to nursing home care, and can you guarantee that older Americans will not be forced out of skilled nursing facilities due to funding cuts?.In 1977 Social Security was going bankrupt because of a flawed benefit formula that raised benefits too quickly. That year Congress passed legislation which changed the way benefits were calculated starting with retirees who were born in 1917 and became eligible for benefits in 197The changes were major and the transition between the old and new method of calculating benefits did not work as anticipated..If Trump does, in fact, veto the bill it is likely Congress will attempt to override it this week although the timing of the override attempt may hinge on whether an agreement of government funding can be reached this week.

State Legislatures Magazine My District Is Home To Hot Springs National Park Magazine2021

Of concern to Social Security recipients, however, are not only what categories and items are included in the CPI, but also whose market basket the government is surveying, and the fairness of the "weight" or estimate of the portion of income they represent that the Bureau of Labor Statistics assigns..A new analysis from The Senior Citizens League indicates that Social Security checks in 2019 are as much as 18 percent lower due to the impact of extremely low COLAs over the past ten years. From 2000 to 2010, COLAs routinely averaged 3 percent annually. People who have been receiving Social Security benefits since 2009, have only seen a COLA higher than 2.8 percent one time..According to Michael Astrue, the Commissioner of Social Security, the report "contains troubling, but not unexpected, projections about Social Security's finances." Income including interest to the combined OASDI Trust Funds totaled 5 billion in 2011, while total expenditures amounted to 6 billion. Non-interest income fell below program costs, however, and should continue to do so through the remainder of the 75-year period. The Trustees estimated that 158 million people paid Social Security payroll taxes in 2011, while approximately 55 million collected Social Security benefits. … Continued

Health Reform Issue Brief New Regulations Broadening Employer Exemptions To Contraceptive Coverage Impact On Women

Shuffling doctors can heighten the risk of mishaps. A study of at least 2,200 older adults published in 2016 found that nearly 4 in 10 were taking at least five medications at the same time. Fifteen percent of them were at risk of drug-to-drug interaction..Also, in the days leading up to the election many candidates will make appearances at local events, giving concerned voters an excellent opportunity to have their questions addressed. We encourage you to approach your Senators, Representatives, and candidates to request their support for fair cost-of-living adjustments and other key issues affecting seniors..TSCL agrees that solvency issues for both programs should be addressed as soon as possible so that any changes may be phased in gradually. However, we do not support increased cost-shifting or harsh benefit cuts for seniors. Both Subcommittees will likely hold more hearings on reforming the two programs in the coming months. TSCL will continue to monitor the ongoing debate. … Continued

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