There's not much time to head off this situation. We can't let Congress think they can shrug and look the other way again this time. A 2.5% COLA is the amount that the Congressional Budget Office estimated beneficiaries would get in 2021, and those funds are already factored into the Social Security spending projections for 2021..Recently, I received my letter from Social Security telling me that I've reached my full retirement age and I can start unreduced benefits. The letter itself devotes a mere two sentences to the most valuable thing everyone needs to know - that Social Security benefits increase by 8% for each year one delays benefits up to age 70. Eight percent per year is an incredible guaranteed rate of return that would be very difficult to achieve almost any other way..If he should choose to veto the bill all bets are off as to what would happen next..Currently, the two vaccines available are produced by Moderna and Pfizer. However, a vaccine from Johnson and Johnson could become available within the next few days. And there could be one or two more available in a few more weeks..When President Obama announced his massive immigration executive action last fall, a White House fact sheet said the actions would "expand the country's tax base by millions of people and billions of dollars." Then in a plainly self-contradictory statement, the fact sheet goes on to say that many of the 5 million individuals who would be eligible for work authorization and deportation protection "are already in the workforce contributing federal, state, and local taxes. But roughly two-third of them don't pay taxes today." The White House thus implies that executive action would add solvency to the program, because most of the people it affects aren't paying taxes into the program today..Rep. Charles Gonzalez introduced H.R. 456 on January 26, 201It has since been referred to the House Committee on Ways and Means..House Speaker Nancy Pelosi said in a statement that the House would push for the deal to be included in a year-end legislative package. However, Senate leaders haven't signed off on the deal, according to a committee aide..According to a recent story by Judith Graham, a journalist for Kaiser Health News, abrupt terminations of home health therapy services are hitting families across the nation. The terminations are in response to a January 1, 2020 change in how Medicare pays for home health services. Some home health agencies are suggesting that Medicare no longer covers certain home health services. But please note: That is NOT the case..If adopted, it would cut .9 trillion from the deficit over the next ten years by implementing a combination of tax increases and spending cuts, around 5 billion of which would come from the health sector. Several proposed changes to the Medicare program are included in the package, including one important measure that would allow the Secretary of the Department of Health and Human Services to negotiate prices for high-cost drugs on behalf of Medicare Part D beneficiaries. Doing so would save billions of dollars each year.

Report Section Medicaid Program Integrity And Current Issues Issue Brief

Inflation, as measured by the U.S. Bureau of Labor Statistics' consumer price index, has taken a deep tumble over the past year, meaning older Americans will have to settle for a cost-of-living adjustment of 1.6% in 2020 after getting a 2.8% increase this year..The members of Congress still cling to that particular tradition even though by the time they come back to town in September they have less than a month to complete their work to fund the federal government for the new fiscal year which begins October If they were able to get their work done on time like they used to the August recess would make more sense..Medicare is trying to nudge people towards using less expensive older drugs, as this story describes. Most of us jump at the chance to lower our drug costs whenever we can, but sometimes the alternative may not work as well. If this happens to you, I strongly suggest that you take the letter from Medicare and show it to your doctor. I'm willing to bet your doctor won't be pleased to see Medicare "prescribing" other drugs for his or her patients. … Continued

Report Section Medicare Advantage Hospital Networks How Much Do They Vary Discussion

Eliminating the "cash cliff" that hits when a disabled beneficiary earns more than ,090 in any given month and is immediately cut off from benefits. The cash cliff serves as a workforce disincentive and could be addressed by simply adopting the method used in the retirement program, where monthly benefits are reduced by for every in earnings over ,310, thus providing an improved earning opportunity..Improve work incentives and encourage disabled beneficiaries who improve to return to work. Current disability rules restrict what disabled beneficiaries can earn, which serves as a disincentive to those who are capable of re-entering the workforce. TSCL favors adopting rules that are consistent with those of the retirement and survivors program, which allows people to earn ,310 per month before benefits are reduced..table-1 … Continued

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