NOT TRUE. Pfizer has raised the price far too high for seniors on Medicare and living on a fixed income. Prior to the increase, I was paying 4.00 for a 3-month supply, or 6.00 a year. A few days ago I discovered the new price for this year was 8.80 for a 3- month supply or ,915.20 annually..These three-decade-old policies have been proven to be harmful not helpful, which is why I introduced H.R. 141, the Social Security Fairness Act of 201This bill will completely eliminate these counterproductive policies and, while other members of Congress have their own ideas on how to improve our Social Security system, this legislation is the only one that completely repeals both harmful provisions..The Committee has held two additional hearings on prescription drug prices. In July, the Committee heard directly from patients who are unable to afford their prescription drugs. Two of the witnesses at that hearing were Medicare beneficiaries who were prescribed a cancer drug priced at more than ,000 per month..As part of efforts to strengthen the Social Security system, Congress included the Windfall Elimination Provision and the Government Pension Offset in the Social Security Act of 198While intentions were noble, these changes did little to protect the Social Security system. Instead, they unjustly penalized millions of public sector employees..This year's study finds that Social Security benefits have lost 30 percent of buying power since the year 2000. This represents a 3-percentage point improvement in Social Security buying power from our 2019 study, which found a loss of 33 percent since 2000. While lower prices are good news in the short term, the deflationary trend suggests a very low COLA in 2021..Congress recently took action to head off a looming 19% cut in Social Security disability benefits received by nearly 10.8 million disabled adults and their dependents. The Social Security Disability Insurance trust fund was projected to run low of funds by the end of 2016, but changes contained in the recent debt limit budget deal include a number of provisions to strengthen program financing. Many of them had the support of TSCL..This week, The Senior Citizens League was pleased to see support grow for one key bill that would improve access to affordable prescription drugs..If you've been to a pharmacy in recent years, you've no doubt noticed how drug costs are soaring - and you've probably felt the immense financial pressure of rising prices. You've also probably thought about how it is that consumers are burdened with the pain of these higher costs while the drug industry simultaneously rakes in massive profits with little to no accountability..TSCL enthusiastically supports H.R. 2575, H.R. 1205, and H.R. 242, and we were pleased to see support grow for each one this week. For more information about these and other bills, visit the Bill Tracking section of our website.

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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..Get the Seasonal Flu Vaccine but Not Just Yet.The proposal to cut the growth of COLAs formed a major Social Security reform provision of President Obama's 2010 Fiscal Commission. It would reduce the growth rate in COLAs by switching to the more slowly-growing "chained" CPI. "The switch is insidious because it's enormously complicated to figure out, and it looks so small on paper - just 0.03 tenths of a percentage point," Hyland observes. "But the loss compounds over time. Within a decade it would have a significant financial punch that just keeps getting bigger," Hyland explains. The following chart provided by TSCL illustrates the impact of a chained CPI on a married couple's Social Security benefits, which start at a total of ,500 per month today, and how their benefits change over the first ten years. After ten years the chained CPI would reduce benefits by per month, and would cut benefits by ,488 over the ten-year period. … Continued

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Petition to Congress Protesting Illegal Alien Amnesty and U.S. Social Security Totalization With Mexico.During the August break an old and ugly threat to Social Security and Medicare surfaced once again. The Congressional Budget Office released its forecast of future federal government deficits. It said that deficits are expected to climb to over trillion in fiscal year2020, which begins this October And they will keep going up in the years after that.."Lawmakers Never Faced With Losing Benefits," The Associated Press, April 19, 2006. … Continued

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