This week, a bipartisan group of Senators sent a letter to the White House urging executive action on prescription drug prices. In addition, two key bills gained support in the House..and screenings are generally scheduled about 12 months apart, but try to get.Increasing the payroll tax cap. Currently, the amount of earnings subject to payroll tax is 7,200, and the Social Security payroll tax is not applied to annual income over that amount. In a recent survey of TSCL's members, 73% said they would like to see the 6.2 percent payroll tax applied to all earnings in order to increase the solvency of the program..Re.President Obama Releases Budget Blueprint.Senate leaders were already having a hard time pushing through their priorities, including drug pricing legislation. In fact, Sen. Roy Blunt, head of the Republican Policy Committee, said some bills -- including drug pricing legislation -- are far from ready to move to the floor, which is what we have been reporting to you for the last few weeks..Obviously, action on those legislative matters are of great concern to TSCL and to seniors in general..While appliances and used vehicles are generally only purchased occasionally, 2020 was not a good time to be shopping for a new washing machine or used car. Appliances increased by an astonishing 17.2 percent and used vehicles rose by 10.9 percent. Johnson points out that, this time a year ago, the price increases of used vehicle prices were negative, at minus 12 percent. However, manufacturers of appliances as well as new cars and trucks shut down production lines at the start of the pandemic. While plants have slowly re-opened, supply chain disruptions and social distancing requirements have slowed production recovery. That's led to long waiting lists for appliances, and the demand for used vehicles shot up..Senator Mitt Romney recently led a bipartisan Senate group in introducing legislation aimed at fixing Social Security and Medicare's funding shortfalls. If nothing changes, the programs' trust funds are expected to become insolvent in 15 years. If that should occur, benefits would be reduced by about 22 percent in order to match the amount of payroll taxes coming in.

Patient Education Before Surgery Insurance Coverage

This week, the American Health Care Act continued to advance through the House, and lawmakers in the Senate voted to confirm Seema Verma as the new administrator of the Centers for Medicare and Medicaid Services..Get the spiel. Keep pen and paper close to your phone and the next time you get the call, write down the offer. Without giving away any of your own information stay on the line to talk to an agent. What is the item or service and what are the terms?.In contrast, the Social Security benefits of American workers, are not guaranteed by law. In the Supreme Court decision, Fleming vs. Nestor, the court found that Congress can make adjustments when conditions of the Social Security systems demand and that American workers who have paid their employment taxes have no legal recourse to any of the money deposited in the Social Security Trust Fund. … Continued

Are Blue Light Lenses Worth The Cost

If signed into law, the Medicare Physician Payment Innovation Act would repeal the Sustainable Growth Rate formula and set up a five-year trial period during which the Centers for Medicare and Medicaid Services would test and evaluate new payment and delivery models. It would prevent scheduled pay cuts to physicians who treat Medicare patients, and it would stabilize reimbursements throughout the trial period..Keep in mind that this is not a comprehensive list or tax advice, but provided to give you an idea of the steps you need to take to learn how to reduce your tax bill. TSCL strongly recommends that you get help preparing your taxes from a tax professional who can explain your options and get you every tax break to which you're entitled to..According to a report from the Senate Special Committee on Aging released this year, older Americans lose approximately billion each year to financial scams and abuse. It's appalling. It's offensive. It's unacceptable. And I'm working to do something about it. … Continued

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