The House of Representatives, on the other hand, has passed 10 of the 12 funding bills that are needed, with only the Homeland Security and Legislative branch funding bills left. Because there is so little time left before the start of the new fiscal year there is the real possibility there could be a government shutdown right before the November election..TSCL encourages its members and supporters to attend these events and to ask questions of their elected officials about important Social Security and Medicare issues, like the following four….may tend to lower your tax bill later, by reducing the required minimum distribution amount that you must take in order to avoid tax penalties after age 70 ½. Large required minimum distributions could also trigger taxes on up to 85% of your Social Security benefits in addition to a surcharge on your Medicare Part B and Part D premiums..I have been investigating the skyrocketing prices of prescription drugs for some time. During my investigation, I have been contacted by a huge range of people - patients, doctors, hospitals, and other healthcare providers - all warning about massive price increases of certain medications. They gave me example, after example, of drug prices that have been jacked up repeatedly - with no apparent justification, and with no evident link to any increases in the costs of manufacturing these drugs..Despite these obstacles, Subcommittee Members were relentless in their requests for CMS to reform the system. A frustrated Chairman Herger stated, "To date, CMS has offered little beyond excuses and questionable reports. If CMS does not responsibly act, then Congress will require them to." Trenkle closed the hearing with an agreement to provide the Subcommittee with an updated list of options and cost estimates by the beginning of next year. TSCL will continue to monitor any movement on this important issue..On Tuesday, with a vote of 244-154, lawmakers in the Housed approved legislation to repeal the Affordable Care Act's controversial Medicare cost-cutting board..The non - partisan Kaiser Family Foundation estimated that, if 500,000 of the roughly 6 million Americans with Alzheimer's are prescribed Aduhelm, total Medicare spending on this one drug, for one year, would be nearly billion. This would far exceed the spending on any other drug covered by Medicare Part B, or Part D, in 201Medicare spending for all Part B drugs was billion in 201What's more the estimated billion does not include the cost of any associated care. The drug can cause some people temporary brain swelling or small bleeding spots on the brain and requires pricey magnetic resonance imaging scans to monitor treatment..Two Key Medicare Bills Gain Support.Also this week, two new cosponsors signed on to Rep. Allyson Schwartz's Medicare Physician Payment Innovation Act. Reps. Tim Walz and Eliot Engel signed on, bringing the cosponsor total up to twenty-six.

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consider policies from companies that sell long-term insurance plans in.When the COLA does not accurately or adequately reflect the costs that retired and disabled people actually have, the buying power of Social Security benefits erodes over time. A study by TSCL has found that Social Security benefits have lost 30 percent of their buying power since 2000..So how can we best use this momentum from our vaccine experience to build relationships with drug manufacturers and lower costs for consumers? TSCL is closely watching for drug price negotiation provisions to be included in legislation this year. What portion of your Social Security benefit do you spend on healthcare costs? Please take TSCL's 2021 Retirement Survey. … Continued

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Sen. Mark Begich introduced S. 308 on February 13, 201It has since been referred to the Committee on Finance..It's hard to plan your optimal retirement age without a realistic idea of what to expect in lifetime Social Security income. Yet, according TSCL's 2017 Senior Survey, 71% of survey participants said that's exactly the situation they were in when they filed a claim for Social Security benefits. They did not know, and Social Security did not supply any estimate of what they could expect in total lifetime Social Security income based on their choice of retirement age..Earlier this year Goss confirmed this when he estimated the impact of the president's executive actions on Social Security, saying that the initiative would increase the number of people paying into Social Security and it "will also result in additional individuals gaining insured status for benefits from Social Security." Goss estimated that "the executive actions do not change the year in which the combined trust fund reserves would become depleted, but the projected depletion would occur later in the year 2033,." … Continued

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