New legislation retroactively extends several tax breaks that affect the amount you may deduct in unreimbursed medical expenses. The lower threshold for itemized medical expense deduction was one of the breaks extended. The threshold under the 2017 tax law was originally scheduled to rise from the excess of 7.5% of adjusted gross income to 10% of AGI for the 2019 tax year. But new legislation extended the 7.5% AGI level..The new Congress has been sworn into office but little in the way of legislation regarding Social Security, Medicare or Medicaid has yet been introduced. As we all are no doubt aware, there have been other things on Congress' plate the last week or two, to say the least. But once President Biden is sworn into office this Wednesday Congress will return and the legislative season will be off and running..Firstly, the Senior Security Act will create a Senior Investor Taskforce at the SEC that will exclusively focus on how seniors are being targeted by fraudsters and those who seek to take financial advantage of them. This new Taskforce will identify challenges that senior investors encounter and will identify areas within the SEC or other organizations where senior investors would benefit from changes. The Senior Investor Taskforce will also coordinate with other offices within the Commission and the Elder Justice Coordinating Council. When appropriate, the Taskforce will consult state securities and law enforcement and state insurance regulators to ensure we're all doing as much as we can, at every level of government, to stop this..My doctor prescribed a new drug but, when I tried to fill it the first time, I learned that my drug plan does not cover it. The drug cost close to 0 dollars and I could not afford that! What can I do?.Senators Urge Action on Drug Prices.As further reinforcement, my colleagues and I introduced the Prioritize Spending Act that directs the Treasury to pay Social Security and Medicare first. As of this writing, the President and Senator Reid refuse to allow it to become law..Last summer's draught killed crops in almost 80% of the continental U.S. Higher wheat, corn and soybean prices are showing up in grocery receipts. Senior couples can expect higher food costs to add about 0 and more to their food bill this year..This week was a busy one for Social Security and Medicare Advocates! There was considerable activity to combat the high cost of prescription drugs. The Ways and Means Committee had a hearing on the Social Security 2100 Act. And, work continues on repealing the Windfall Elimination Provision..On Monday evening, Senator John Cornyn told reporters that the Senate's bill would include major differences from the House version. He said: "We're going to start from scratch, really. It's helpful for us to have [House lawmakers] go first to see the kind of issues that come up and anticipate those in the Finance Committee markup. But I'm still pretty optimistic we'll get this done before Thanksgiving."

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Congress has reallocated payroll taxes at least 9 times in the past to temporarily avert trust fund financing crises, according to the Congressional Research Service. "Doing so now would be much more difficult, because the retirement program is in cash deficit, and the government is borrowing money to cover retirement and survivor benefits," Cates points out. "Reallocation from the retirement trust fund would mean the government would have to borrow more, a recipe for more explosive debt limit show downs in coming months," he says. "The situation could put all Social Security benefits, including retirement and survivors benefits, at risk of cuts in debt limit negotiations," Cates explains..puts coverage of 52 million Americans with pre-existing conditions into question,.to make it sustainable. But let's do it in a thoughtful way, so seniors who worked hard and paid their dues aren't suddenly thrown to the wolves. We already have members telling us about elderly friends who are foregoing cancer treatments because they can't afford them and don't want to saddle their surviving spouse with the bills; for such folks, some of the reform proposals would simply be too much to bear." … Continued

Health Reform Perspective Questions About Essential Health Benefits

And overwhelming majority 95% of those polled said YES! Amnesty by Executive Order is presidential over-reach. Changes in immigration law should be left up to Congress..Even President Trump said this about his own party: "Every Republican wants to do a big number on Social Security," he said in one appearance. "They want to do it on Medicare, they want to do it on Medicaid..Boosting benefits across-the-board by approximately 2% for all Social Security recipients; … Continued

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