Legislatures C19The Social Security taxable maximum is tied to the wage index, but according to the Congressional Budget Office, the limit on the amount of wages that can be taxed has not kept up with the growth of wages of the most highly paid workers. Because wages for high - income earners are growing faster than for other workers, the taxable share of the nation's earnings subject to Social Security payroll taxes is falling - from 90 percent in 1983 to 82 percent in 201The trend is forecast to continue, with the CBO projecting the share of earnings subject to payroll taxation to drop to below 78 percent by 2026..The Senior Citizens League's estimate is based on an expected Part B increase of .50 per month, from 4.00 in 2018 to 5.50 per month in 2019, as estimated by the Medicare Trustees in June of this year. "A Part B increase any more than .50 per month would mean that even more people at even higher benefit levels would potentially be affected by the Social Security 'hold-harmless' provision again in 2019," Johnson notes.."Nearly half of beneficiaries said they avoided care because they didn't want to risk being in a medical facility, while 35% said they didn't want to leave their home. And 23% reported feeling more lonely or sad." … Continued
Issue Brief Key Questions About The Impact Of Coronavirus On Long Term Care Facilities Over TimeThis week, one new cosponsor Rep. Adam Smith signed on to the Social Security 2100 Act, bringing the total up to 16The bill, which was introduced just over a month ago, has more support in Congress than any other comprehensive Social Security reform bill to date..New Part D plan drug pricing programs may lower costs for those who seek out the savings. Recent Congressional scrutiny on drug pricing may be spurring some drug plans to drop prices. One of the biggest cost-savings found is a new drug plan pricing program that lowers the cost of insulin. In the 2018, the lowest cost Part D plan charged an copay for a 100/ML of Lantus Solostar. In 2019, a different plan had lowest cost copays charging as little as .00 - .00 for Lantus Solostar, in the Cigna-HealthSpring Rx Secure - Extra Part D plan. The highest cost plan, which does not cover Lantus, charges the full price, 3.18 per 100/ML..Petition to Congress: Put an End to Dramatic Increases in Prescription Drug Costs … Continued
