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However, the Biden administration has not received the idea enthusiastically. Jen Psaki, who is the White House Press Secretary, was asked about the proposal to fire the postal service board and she said it was an "interesting question," and that "we all love the mailman and mailwoman," but did not have any further comment..Changes to Medicare and the tax code this year will affect some seniors positively, but many more seniors negatively. Those who fall into the donut hole will receive some much-needed relief from the federal government, while young retirees with high medical bills and those who rely heavily on investment income may be hit with tax increases. The Senior Citizens League will continue to closely monitor the implementation of the Affordable Care Act, and will post updates on our website. To learn more about these and other issues affecting seniors, visit SeniorsLeague.org..This week, lawmakers in the House remained in their home districts, while those in the Senate returned to Capitol Hill to begin working on a plan to avoid a government shutdown. In addition, The Senior Citizens League saw three key bills gain support..Between July 2013 and July 2014, the prices of more than 1,200 generic drugs increased an average of 448%. What do you believe should be done to manage the extreme cost increases of prescription drugs?.Junk fees. Is the loan loaded with add-on products, like "GAP" insurance, service contracts, or credit life insurance? These inflate the cost of the vehicle and loan size, as well as the potential loan kick - back for the dealer..Social Security provides an essential foundation to American's retirement plans, but it simply was never designed to be the sole source of retirement income. Social Security replaces about 40% percent of earnings of the typical retiree. TSCL believes that today's retirement crisis calls for more adequate, not reduced, benefits..A new report suggests that "product hopping" - a practice by drug companies to extend their patents on profitable drugs - costs American consumers and the U.S. health care system billions of dollars each year..This week, both the House of Representatives and the Senate held hearings concerning the nation's opioid epidemic. First, the Senate Health, Education, Labor, and Pensions Committee met on February 27th to discuss the role that technology can play in helping reduce the opioid crisis. HELP Committee Chairman Lamar Alexander cited the statistic that 1 out of 16 patients who are prescribed opioids become chronic users and are more likely to abuse the drugs..Trustees Release Annual Social Security and Medicare Reports

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Highly recommended reading: "How To Make Your Money Last, The Indispensible Retirement Guide," Jane Bryant Quinn, January, 2016..Since the WEP and GPO were created decades ago, lawmakers have been working on better alternatives. At Tuesday's hearing, those on the subcommittee discussed a bill the Equal Treatment of Public Servants Act that could be a promising solution. If signed into law, it would provide immediate relief to current retirees affected by adjusting their Social Security benefits. According to Stephen Goss the Social Security Administration's Chief Actuary around 80 percent would see benefit increases of approximately 20 percent..This Congress, I introduced the Fair COLA for Seniors Act, to ensure that your Social Security payment keeps pace with your cost of living. This bill would change the current ineffective price index used to calculate Social Security's cost-of-living adjustment to one tailored around the lives and needs of seniors. This index, the Consumer Price Index for the Elderly, accurately reflects how seniors spend their money, with a focus on healthcare and housing. It is a common-sense proposal that will allow for benefits to keep up with costs. … Continued

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The assertion that many lower - income beneficiaries would lose benefits due to higher COLAs simply isn't the case, but is rather another example of twisted partisan rhetoric. Voters would be far better served by lawmakers who are more focused on solving problems of the majority of people than spreading misinformation to protect the tax breaks of the nation's wealthiest workers..You get them whenever you visit a doctor, or fill a prescription - Medicare's "explanation of benefits" forms. Often perplexing, many people never review them, let alone, try to figure them out. But you might be stunned if you do, especially if you discover drugs, medical equipment, or medical services that you never received were billed to Medicare..According to the Congressional Budget Office, a growing share of the government's spending for Social Security is going to pay for disability benefits.[iii] Between 1990 and 2012, the ratio of disabled recipients to retirees changed dramatically, increasing 112.5%, from 3.2 to 6.7 beneficiaries per 100 covered workers.[iv] In testimony to the House Subcommittee on Social Security, the Congressional Budget Office said that legislation enacted in 1984 expanded the ways in which people could qualify for the DI program, which included allowing symptoms of mental illness and pain to be considered even in the absence of clear - cut medical diagnosis. In addition, disabled beneficiaries also receive coverage under Medicare, regardless of age, after a 24 - month waiting period. … Continued