Blog Whats An Election Cycle Depends Where You AreAccording to a March analysis of an earlier version of the bill by the CBO, the legislation would restructure Medicaid safety net by capping costs. "This would have a profound impact on low-income Medicare beneficiaries," Johnson says. About 1 in 5 people on Medicare, 11 million beneficiaries in all, have incomes so low that they qualify for Medicaid, according to the nonpartisan Kaiser Family Foundation..For more tips like these to save on your Medicare costs and to maximize your Social Security benefits, sign up for The Senior Citizens League's Social Security & Medicare Advisor newsletter here or call for more information..The difference in drug prices between the two programs is due to two reasons. Under Medicare Part D, the government isn't negotiating drug costs on behalf of beneficiaries, and Part D has no cap on out-of-pocket spending for prescription drugs. The lack of a cap acts as a perverse incentive for drug makers and drug plans to get beneficiaries to use the most expensive drugs, because Medicare reimburses drug plans 80% of the cost in the final catastrophic phase of coverage. The higher the cost of the drug, the more drug plans receive from Medicare. Medicare patients who rely on such medications could owe thousands of dollars out-of-pocket every year for a single drug, even when their Part D plan covers the drug. … Continued
Report Section Factors Associated With Covid 19 Cases And Deaths In Long Term Care Facilities Findings From A Literature Review AppendixCMS Administrator Seema Verma also said that CMS is working to guarantee a free vaccine for Medicaid and private insurance members as well..As we look to the start of the 117th Congress, my commitment to seniors and workers is to fully support Social Security and Medicare and to oppose cuts to these vital programs. We have many challenges ahead of us. We must keep the economy moving and growing again as we fight coronavirus. Government spending must get under control. And we must ensure Social Security and Medicare works for today's seniors and future generations. There are ways to do both!.It's always heartbreaking to hear firsthand about how fraudsters and scammers have gone after your hard-earned savings. No senior should ever have to worry that picking up the phone could mean being scammed out of thousands of dollars. … Continued
