This week, the Social Security and Medicare Boards of Trustees released their highly anticipated annual reports on the financial status of the two programs. In addition, lawmakers remained in their home states and districts to continue the two-week spring recess..The Congressional Budget Office estimates that there would be costs both to Social Security and Medicare, primarily for disability benefits starting as early as 2017, assuming enactment into law this year. The CBO said, however, that the new TSCL-supported amendment would save the programs about billion over the first 20 years, with the savings growing greater in the future..When you are ready to compare coverage and costs, get a copy of the most recent materials from your current health plan to have on hand. In addition to your current premium and deductible, you will need to know what your current coinsurance or copayments are, and your annual maximum out-of-pocket in order to calculate the "actuarial value" of your plan. To learn whether you qualify and how much credit you will get, contact your state's Health.What do you think? If you have not already done so, please take our 2019 Senior Survey at..Are Cuts The Only Way to Reduce the Deficit?.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..This week, the Senate Finance Committee voted to advance the nomination of Sylvia Mathews Burwell as the next Secretary of the Department of Health and Human Services. In addition, one subcommittee held a hearing on strengthening the Social Security program, and The Senior Citizens League saw one key bill gain support..News on the Coronavirus Vaccine Front.The spending bill now moves to the Senate, where its future is uncertain. Leaders are not sure that they will have the votes needed to pass the bill in its current form, and many are predicting that the President will end up signing a "clean" spending bill into law at the end of February.

Racial Equity And Health Policy Press Release A Review Of Multiple Analyses Documents Persistent Racial Disparities In Covid 19

Second, one new cosponsor Representative Sean Patrick Maloney signed on to the Medicare Drug Price Negotiation Act, bringing the total up to twenty. This bill, if adopted, would reduce prescription drug prices for older Americans by requiring the Secretary of Health and Human Services to negotiate lower covered Medicare Part D drug prices on behalf of beneficiaries..Finally, the platform closes by saying, "Saving Social Security is more than a challenge. It is our moral obligation to those who trusted in the government's word.".Congress Adjourns for Spring Break … Continued

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Out-of-pocket costs for dental, vision, audio, physical therapy and other services not covered by Medicare or other health insurance. This also includes equipment and supplies, like glasses, hearing aid batteries, dentures and implants.."Depending on how long it takes one's retirement savings to recover, the 2020 coronavirus recession could have a deep and life changing impact on the retirement security of older Americans," says Johnson whose own retirement savings were negatively impacted by the Great Recession of 2007- 0"Those who have lost significant sums might plan to work longer and retire later if they can," says Johnson. "Those who were working and have lost a job and their employer - provided healthcare coverage may wind up working for lower earnings, and could potentially experience worse health," she notes..Lawmakers in Washington had mixed reactions to Judge Hanen's injunction. Senate Majority Whip John Cornyn said, "Today's victory is an important one, but the fight to reverse the President's unconstitutional overreach is not over. The President must respect the rule of law and fully obey the court's ruling." Meanwhile, Representative Luis Gutierrez called the injunction a simple "bump in the road." He stated: "The administration intends to take this to the highest court in the nation, where we know justice and fairness will prevail on this executive order." … Continued

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