In fact, unlike the additional Medicare tax on high earners, this 3.8% net investment tax was not even a specific provision of the Affordable Care Act. It was a provision of a separate bill, the Health Care Education and Reconciliation Act of 2010 which was passed about two days after the Affordable Care Act. By setting up the revenues so that they would flow to the General Fund, Congress by-passed earmarking those revenues for Medicare Part A or Part B Trust Fund. That means when the funds are used for other government spending, the Medicare Trust Funds are not earning any interest from the federal government for the use of those funds..For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter.and would reduce the tax on Social Security benefits for older taxpayers with incomes below ,000, and 0,000..For information about town hall meetings near you during the final days of the spring recess, call the local offices of your elected officials. You can find contact information for your Members of Congress right here..A new report suggests that "product hopping" - a practice by drug companies to extend their patents on profitable drugs - costs American consumers and the U.S. health care system billions of dollars each year..Thus, we are watching to see how this Administration would do things differently this time. In addition, there are concerns on the Canadian side about the timing. Canada is concerned this could cause drug shortages, particularly for drugs used to treat COVID-19 further exacerbating tensions with one of our nation's closest allies and trading partner..For many years TSCL has led the fight to provide additional compensation to those affected..Abusive high interest rates offered to high-risk borrowers who are most likely to default. Does the lender suggest a loan because of "bad credit or no credit?" To qualify for the lowest loan costs, borrowers earn low interest rates with good credit histories. Stay clear of dealers and lenders who promise to put you behind the wheel regardless of your credit..In July of last year, the Internal Revenue Service issued a notice expanding its interpretation of what constitutes preventive care. As a result it now includes certain items and services that can be considered preventive when they are prescribed to an individual with certain chronic conditions and if they are low-cost and prevent the worsening of a chronic condition or the development of a secondary condition. The notice also contained a list of specific items and services that meet the new criteria for preventive care for chronic conditions. Co-sponsors of the bill include Sens. Tina Smith, Kevin Cramer, Martha McSally and Kyrsten Sinema.

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Sound like we're headed for a vicious cycle? The sheer paralysis that lawmakers have contended with in responding to our current sluggish economy over the past two years is an early warning that we are nearing the edge. Even so there are still some who brush off anxiety over Social Security's financing by saying "Social Security is an easy fix.".In today's environment, working together - whether that's across the aisle, across the country, or across generations - is the only way to keep our communities safe. That spirit and attitude is what America is all about, in the greatest country in the world, and that's thanks, in no small part, to the many accomplishments of our seniors..Experts estimate that fraud, waste, and abuse within Medicare cost more than billion each year. What efforts do you support to ramp up prevention? … Continued

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By U.S. Representative Abigail Spanberger.The Windfall Elimination Provision and the Government Pension Offset were included in the Social Security Act of 1983 to help shore up the Social Security program. I believe this has done little to secure the program and, instead, unfairly reduces the Social Security benefits of millions of public employees. Earlier this year, I reintroduced legislation, H.R. 973, the Social Security Fairness Act, to repeal these arcane policies..The resolution introduced by Rep. Rigell expresses a commitment to two critical issues facing seniors, and TSCL was pleased to lend its support to it this week. … Continued

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