River Falls Area Hospital Foundation River Falls Area Hospital PrioritiesThe Senior Citizens League is predicting another record-low Social Security cost-of-living adjustment in 2020 despite skyrocketing prescription drug prices and home heating costs. Will you cosponsor the Fair COLA for Seniors Act, which would make the COLA more adequate for Social Security beneficiaries?.Under current law the Social Security COLA is calculated based on the spending patterns of younger working adults using the Consumer Price Index for Urban Wage Earners and Clerical Workers. But older consumers spend a bigger portion of their household budgets on healthcare and housing, two categories that have been increasing more rapidly in recent years. "Medicare Part B premiums are the fastest growing cost most retirees will ever have," notes Johnson. "But those costs are not even surveyed under the CPI-W or reflected in today's COLA," she says.."But the evidence on whether Biogen's treatment, called aducanumab, is effective is, at best, mixed; the FDA approved it this week over the objections of its own advisory committee. And with a preliminary announced price of nearly ,000 annually per patient, covering the treatment could cost upward of 0 billion a year, mostly to Medicare, which would almost double the program's drug spending. Patients themselves could be on the hook for thousands of dollars in out-of-pocket costs." … Continued
Health Costs Issue Brief Data Note Americans Challenges Health Care CostsThe age at which individuals become eligible for full, un-reduced Social Security benefits is rising. Your full retirement age is based on the year when you were born and, for people born in 1960 and later, the full retirement age is 6The earliest age at which you can claim a retirement benefit is 6However, claiming benefits prior to your full retirement age comes with expensive trade-offs. It's unlikely to be your best choice if your aim is to maximize your retirement income over the long haul..We encourage you to attend a town hall, and invite others you know. The future of our retirement and our healthcare benefits rests in our hands..House Subcommittee Holds "Doc Fix" Hearing … Continued
