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"Approvals like this one highlight the FDA's longstanding commitment to supporting a competitive marketplace for insulin products," said Patrick Archdeacon, acting associate director for therapeutics in the Division of Diabetes, Lipid Disorders and Obesity, Office of New Drugs..In a way that's not news. You already knew prices had been going up and so did we at TSCL. But it's nice to have the facts to back us up..Ways and Means Subcommittees Consider Entitlement Reform.policy for decades, look for an insurer that gets top ratings from companies.TSCL enthusiastically supports H.R. 1902 and H.R. 2016, and we were pleased to see support grow for them this week. For more information on the status of the bills, visit the Bill Tracking section of our website..Because food and fuel prices are highly volatile - subject to international crisis, wars, and disasters - Wall Street economists often exclude those costs in news reports in order to give the business community a better idea about the status of "core inflation." If less volatile items remain relatively unchanged, that tends to indicate that inflation remains stable, despite spikes in oil or food prices - a reassurance to the markets..We encourage you to attend a town hall, and invite others you know. The future of our retirement and our healthcare benefits rests in our hands..But when you work, there's a limit to how much you can earn and still keep your benefits. When you are under full retirement age, your Social Security benefit will be reduced for every you are over the earnings limit..The Senior Citizens League believes that these CMS initiatives to fight Medicare fraud, waste, and abuse are encouraging steps toward containing and even preventing escalating costs and premiums. However, more steps like Representative Ileana Ros-Lehtinen's TSCL-supported Medicare Fraud Prevention Fraud Enforcement and Prevention Act should be taken. If passed, this bill would create a pilot program using biometric technology to ensure that all Medicare claims are legitimate. It would also facilitate real-time information sharing between law enforcement agencies, and it would increase the penalties for those convicted of Medicare fraud. While wasteful and fraudulent activities aren't the only issues of Medicare reform, TSCL believes that strict oversight from lawmakers, administrators, and seniors alike is a proper first step.

State Legislatures Magazine Legislative Leaders In The News August 2020 Magazine2020
Later in the week, the President doubled down on his promise to try and cut prices on branded prescription drugs. Word is out that the President is considering an executive order to combat the problems of high cost drugs sold to Medicare and other government programs..So far there's been little discussion on how to fix the disability program. Congress and President Obama have debated reducing cost-of-living adjustments that would reduce the growth in benefits of all Social Security recipients. There has also been debate over raising the eligibility age, and other changes affecting the retirement program.."Why Home Health Care is Suddenly Harder To Come By For Medicare Patients," Judith Graham, Kaiser Health News, February 3, 2020. … Continued

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President Trump announced last week that there will be a new type of Medicare prescription drug plan that will cap insulin costs at per month for some seniors who have diabetes. While TSCL applauds that as far as it goes, it is woefully short of what is needed..According to the study, the 250 top selling drugs, each with one manufacturer and no competitive products on the market, account for 60% of net total Medicare Part D spending. The top 50 selling drugs, also with one manufacturer each and no competitors, account for 80% of total Medicare Part B spending..TSCL is hopeful that lawmakers will find a solution before the end of this month, since a government shutdown could negatively impact Social Security and Medicare beneficiaries. We will continue to keep an eye on the evolving negotiations, and we will post updates here in the Legislative News section of our website. … Continued