High Costs for Prescription Drugs More than Just Prices.In recent years a growing number of Medicare beneficiaries are entering hospitals for observation care rather than as inpatients. The number rose 69% in five years according to the most recent national statistics, but over the same period Medicare hospital admissions have declined..While a compromise was not reached, some consider the automatic budget cuts as a silver lining. "The good news, if there is no agreement, the nation is going to end up with what Republicans said, there will be a dollar spending reduction for every dollar increase in the debt ceiling" said Hensarling. White House Press Secretary Jay Carney echoed the same optimism: "It's important to remember, however, that because of the Budget Control Act, the 1.2 trillion dollars that the Super Committee was supposed to achieve in deficit reduction will happen regardless.".Does the "anchoring" effect cause people to retire too soon?.In addition, since 1992 there has been a significant change to the government's bottom line. For the government fiscal year ending September 30, 2000, the Congressional Budget Office reported a surplus of 6 billion- billion of which comes from non Social Security revenues. The CBO estimates the 10-year non-Social Security surplus to be about .1 trillion..Accelerate retirement account distributions when you have excess deductions. If your standard deduction will exceed your taxable income this year, consider withdrawing a little more retirement funds if you will need them this year. Doing so when you have a low or even a zero tax rate will potentially help you avoid paying more in the future when your deductions are lower or taxes rates are higher..White House Press Secretary Josh Earnest has said President Obama is involved in the discussions and that he is monitoring the movement of the omnibus very closely. Regarding the controversial add-ons, he told reporters, "Our objection comes to ideological riders that are partisan and that in most other cases would not be able to pass the United States Congress.".Month after month, year after year, unbeknownst to most of the public, thousands of people with no Social Security number are receiving Social Security benefits. The beneficiaries don't qualify for benefits based on their own work record. Eighty-three percent of them don't even reside in this country. A few of those receiving benefits are even dead..One of the orders would allow for the legal importation of cheaper prescription drugs from countries like Canada. The second would require discounts from drug companies now captured by middlemen that are then passed on to patients.

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President thinks about taking money from Social Security to pay for economic stimulus.This week, lawmakers in the Senate held several failed votes on bills that would have repealed and replaced parts of the Affordable Care Act. In addition, two key bills that would improve Social Security benefits gained support in the House..If you are like millions of Americans you have experienced delays in your mail, including drug prescriptions and checks. In some instances, it has taken over a month for a letter to arrive at its destination, and there are still stories of undelivered packages piled up in postal facilities. … Continued

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President Obama signed it into law shortly thereafter, saying it will improve the Medicare program "because it starts encouraging payments based on quality, not the number of tests that are provided or the number of procedures that are applied, but whether or not people actually start feeling better." The law took effect immediately, and upon the bill's signing, the Centers for Medicare and Medicaid Services announced that it had already begun reimbursing physicians at the full payment rate..The system, however, isn't estimated to be able to pay scheduled benefits in full for that long. The Social Security Trustees estimate that the Trust Funds will become fully insolvent by the end of 203When Trustees use the term insolvent that means the point at which all the extra revenues that were borrowed, now totaling more than .6 trillion, have run out, and there are no more IOUs held by the Trust Fund. Some people believe that, when the Trust Funds are exhausted, Social Security will be completely unable to pay benefits. But that's not the case..As with Social Security and Medicare long-term viability, reducing the high costs of drugs is also at the top on TSCL's agenda this year. These are complicated problems but Congress must find a way to deal with them and TSCL will be fighting for you as these debates continue. … Continued

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