In 2017 the COLA was just 0.3%, but the Medicare Part B premium rose to 4.00 for people like new enrollees and others who haven't started Social Security yet and pay for their Medicare by check. Once again, the Part B premium of Barbara and the vast majority of Social Security recipients was protected from reductions. Barbara's monthly Medicare premium was adjusted to 108.00, taking every penny of her tiny COLA boost..In 2012, the GPO reduced the Social Security benefits of nearly 600,000 surviving spouses, who also collect a government pensions, by nearly two-thirds. Nine out of 10 public employees affected by the GPO lost their entire spousal benefit, even though their spouse paid Social Security taxes..It was always expected that few if any Republicans in the House of Representatives would support legislation to lower drug prices. But it turns out that a group of moderate Democrats has now said they do not support the sweeping legislation that Democratic leaders in the House have proposed..The Social Security 2100 Act would make Social Security benefits more generous by:."The spending follows a long tradition of generous political giving. Major manufacturers typically make hundreds of modest donations to incumbent members of Congress but avoid donating to presidential candidates, seeing little utility in placing presidential bets..A newly approved drug to slow the progression of Alzheimer's disease is drawing criticism for it's ,000 price tag, especially given its lack of proven effectiveness. Aduhelm stirred controversy when the Food and Drug Administration's own expert advisory panel was nearly unanimous in opposing the drug's approval due to mixed results in studies of effectiveness..Estimate your costs and when you may risk hitting the doughnut hole: Based on the prescriptions you enter, the Medicare Drug Plan Finder can estimate your annual costs and when you potentially may hit the doughnut hole..What do you think of the Obama Administration's Immigration Amnesty actions by Executive Order?.A third option was introduced by Senator Rand Paul in June. His plan would repeal the SGR and base payments on the same formula that is used to calculate cost-of-living adjustments for Social Security benefits. It would cap annual pay increases for providers at three percent, allowing physicians to practice without the threat of annual reimbursement cuts.

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The tax cut, which reduced the Social Security payroll tax for employees from 6.2 percent to 4.2 percent, makes the Social Security trust funds reliant on general revenues and undermines the self-funding nature of the program. Social Security is funded by payroll taxes, and currently faces a billion cash-flow deficit. Extending the tax cut could exacerbate the program's funding issues.."It's highly disturbing that such a large number of survey participants have been forced to access food pantries," Johnson says. "This illustrates the dire situation faced by households of those who depend on Social Security for most of their income when food prices jump into overdrive," she says. "Over the past 12 months, the price of bacon is up 11 percent, beef up 10.6 percent and fresh fish up 8.5 percent" Johnson notes..Get started now on a financial habit that can give you big savings for the time you invest in shopping around. … Continued

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In 2012, the GPO reduced by two-thirds the Social Security benefits received by nearly 600,000 surviving spouses who also collect a government pension. Nine out of 10 public employees affected by the GPO lose their entire spousal benefit, even though their spouse paid Social Security taxes for many years..Obesity and diseases related to it, such as diabetes, have also been shown to be high risk factors for negative outcomes for those who contract the coronavirus..For information on upcoming town hall meetings, click HERE. For updates on the progress of the BCRA in the coming days, follow TSCL on Twitter or visit the Legislative News section of our website. … Continued

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