In January the President had said he would "take a look" at cutting entitlement spending, which is Washington talk for cutting Social Security, Medicare and Medicaid. However, the next day after the interview he backed off his statement and tweeted that he would save Social Security..There was no Cost of Living Adjustment, or COLA, applied to Social Security benefits for 2011, and that may cause great concern for senior citizens and those who care for them. This will leave 54 million beneficiaries who receive a Social Security check each month without an increase..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..He had demanded a payroll tax cut previously this year. Thankfully, Congress did not go along with him when it passed the previous legislation meant to deal with the coronavirus pandemic and the ailing economy that resulted..Congressman John Garamendi, the sponsor of the bipartisan CPI-E Act, recently said: "Using a Consumer Price Index that actually reflects how retirees spend their money especially in health care is a no-brainer that will increase benefits and make Social Security work better for the people it serves.".Medicare is trying to nudge people towards using less expensive older drugs, as this story describes. Most of us jump at the chance to lower our drug costs whenever we can, but sometimes the alternative may not work as well. If this happens to you, I strongly suggest that you take the letter from Medicare and show it to your doctor. I'm willing to bet your doctor won't be pleased to see Medicare "prescribing" other drugs for his or her patients..Homeowners and renter's insurance: With severe weather-related disasters, homeowner's insurance is one of the top ten fastest rising senior costs. If you haven't done so recently, review your coverage and determine whether it's based on the current value of your home and realistic current replacement costs. Many policies have new deductibles for wind and hurricane damage based on a percentage of your home's value, so take care and look before being tempted to increase deductibles to lower premium costs. Do shop around with other highly rated insurers to see if you can lower your premiums..partnership programs available in several states..Unfortunately, it is not as cut-and-dried as "everyone will now pay per month for their insulin." It is much more complicated than that.

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I was diagnosed with cancer in 2019 which required surgery and considerable follow-up treatment. I also required extensive dental work during the year. My medical and dental expenses alone totaled more than ,000, and that does not include my husband's premiums and out-of-pocket costs, which were close to ,000. Will we be able to deduct these expenses on our income taxes? We were unable to deduct our routine medical costs last year..According to Politico, "At least 10 caucus moderates are signaling opposition to Democrats' drug pricing negotiation bill - more than enough to potentially force House Speaker Nancy Pelosi into dropping the reforms from [President Biden's] infrastructure legislation Democrats hope to pass along party lines. Pelosi can only spare two Democratic defections on partisan legislation because of the party's slim House majority.".This week, action on Capitol Hill slowed down as the House of Representatives adjourned for a holiday recess, and the Senate focused on legislation to reauthorize programs within the FDA. Meanwhile, TSCL expressed support for a new House resolution, introduced by Rep. Scott Rigell. … Continued

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Rather than cutting back on one or two drugs, there was a large group that stopped filling most if not all their prescriptions as copays went up..TSCL believes this offensive policy is long overdue for a change. Social Security provides monthly income to retirees and we believe retirees are entitled to every last dime, including benefits for the month in which they die. Payment for the final month is especially important as you point out because medical and funeral expenses can be significant..While that part is good news for consumers, TSCL is closely watching to see how these changes may impact Medicare Advantage premiums and emergency room co-insurance costs. And unfortunately, drug costs are likely to continue to shock us unless Congress takes action to address that next! … Continued

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