Information Technology Letter From The ChairThis week, the partial federal government shutdown continued for the fifth week, and The Senior Citizens League announced its support for one new bill that would expand Medicare coverage to include essential health services..The Republicans say that is a form of government price controls and interferes with the free market. That's why Majority Leader McConnell refuses to bring the Grassley-Wyden bill up for debate in the Senate. That bill differs in how it would lower drug prices but Senator McConnell opposes it because it would, in his opinion, still interfere with the free market and also because health care will be a big issue in the elections this year..But the hyper - inflation of 2021also means that Social Security recipients are likely to see the highest cost-of-living adjustment in almost four decades. Johnson estimates that the Social Security COLA payable in 2022 will be about 6.2 percent if the current trends continue. "That's a huge boost, coming after COLAs have averaged a meager 1.4 percent over the past 12 years," Johnson notes. … Continued
District One Hospital Services Birth CenterThe Social Security trustees now anticipate that when the old age and survivor fund runs out of money in 2034, it will be able to pay only 76% of the retirement and survivor benefits otherwise due to recipients..After more than a decade of failed attempts to repeal and replace the sustainable growth rate the flawed formula that sets payment rates for doctors who treat Medicare patients Congress has finally succeeded in passing legislation to do away with it once and for all. In April, lawmakers in both the House and the Senate adopted a bipartisan bill that will permanently repeal the SGR, provide doctors with modest 0.5 percent payment updates over the next five years, and incentivize payment models that reward the coordination of medical care..This week, lawmakers in the House and Senate remained in their home states and districts for the week-long holiday recess. … Continued