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Reps. Brad Miller, Frederica Wilson, Laura Richardson, Jim McDermott Robert Andrews, Sam Graves, Jim Gerlach, Madeleine Bordallo, Patrick Meehan, Jon Runyan, and Leonard Lance signed on to Rep. Howard McKeon's H.R. 133The co-sponsor total is at 145.."While most of the provisions were supported by TSCL, we in no way support using Social Security and Medicare benefits as hostages in exchange for lifting the debt limit," says TSCL Chairman Ed Cates..TSCL is also highly concerned that the candidates are not talking enough about protecting the annual COLA from cuts. During the recent 2011 debt limit talks with House Speaker John Boehner, President Obama floated a debt reduction plan that would have reduced government spending annual increase by using the chained Consumer Price Index to calculate the COLA..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..Since the start of the first CPI in 1940, the BLS has made changes to how it calculates price inflation - most recently announcing changes to how they collect price data. A new paper reports that the BLS has undertaken several pilot projects in an attempt to supplement and/or replace its traditional field collection of price data with "alternative sources." If that sounds suspicious, you have good reason to ask questions. The BLS Handbook of Methods lists more than 21 changes that economists have made to how they calculate the CPI since 198In most cases the so-called "improvements" tend to slow the measured rate of inflation. That means the growth in COLAs is cut and Social Security benefits grow more slowly over time. In short, this boils down to an erosion in the buying power of your Social Security benefits when, in reality, prices are actually going up..The coronavirus has caused a dramatic decline in home mortgage rates, but that doesn't necessarily mean it's a good time for everyone to refinance. The good news is that, in many areas of the country, lenders and states are making the process safer for your physical health. That said, refinancing in retirement is still a process that carries risk to your fiscal health..But that's not all. Congressional Democrats also want to add dental, vision and hearing coverage to Medicare but that goal is running into resistance from powerful health industry lobbies..Burwell Confirmed as HHS Secretary.In the meantime, Senators have been advised they will be given 24 hours' notice to return to Washington if somehow agreement can be reached on a new economic relief bill. But any Senator has the power to block that from happening and it is estimated there are about 20 Republicans in the Senate who believe the federal government has done enough regarding the coronavirus.

Blog Ethics C1 3
Here's a hypothetical example: Let's say that you shop at the same grocery store every week. The price of navel oranges varies by the time of year, but in December of 2018 you were able to buy navel oranges for about .39 a pound. By June of 2019, however, the price goes up to .4That's a difference of $.10 a pound and a 7% jump in cost. That's price inflation..The most recent report is that the Trump administration expects to begin sending 0 prescription drug discount cards to seniors by Jan. 1..The 1977 benefit formula changes affected workers who turned 62 and became eligible for benefits just two years later, in 1979 and thereafter. To protect people close to retirement from abrupt benefit cuts, and to phase in the benefit reductions, a 5-year transitional formula was provided affecting people born from 1917 through 192That group had their benefits figured two different ways using both the transitional benefit formula, and the new benefit formula. People received the higher of the two benefits. … Continued

Health Reform Issue Brief Potential Health Policy Administrative Actions Under President Biden
This may be difficult to believe, but consumer price index data suggests that the annual Social Security cost-of-living adjustment for 2020 could be close to zero next year - a mere 0.5 percentage point. This comes even as the costs of goods and services used by retirees are shooting upward according to responses to TSCL's 2019 Senior Survey..Between age 55 and 64, it's as if our body's warranty expires and.On Thursday, Senate lawmakers passed legislation to suspend the debt ceiling until next spring, fund the government through December 8th, and provide .25 billion in relief to victims of Hurricane Harvey. At the time of writing this week's legislative update, the House had not yet voted on the legislation, but it is expected to pass with bipartisan support by the end of Friday afternoon. … Continued

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