The House Democratic bill would allow Medicare to negotiate drug prices, and then force drug companies to lower the prices they charge private insurers or impose huge fines on the companies. Pelosi said she wants it to be part of a special budget bill that can pass the Senate without Republican support since it is immune from the filibuster..TSCL Supports New Anti-Fraud Bill.In 2020, the Social Security Trust Fund received far less in revenues than expected, due to three reasons:.Some states have passed laws that would allow their state to import drugs from Canada. National Public Radio recently reported that the state of Florida wants to establish a pilot program to buy medications from Canada in bulk. The state would contract with a wholesaler in Canada, who would provide certain high cost drugs that the state identifies. Patients in Florida who have a prescription for one of those drugs would just go to their pharmacy to pick up their medication..The rapid growth in Medicare Part B costs is consuming an increasing share of beneficiaries' income. What proposals do you support to slow the growth in the out-of-pocket costs?.Homeowners and renter's insurance: With severe weather-related disasters, homeowner's insurance is one of the top ten fastest rising senior costs. If you haven't done so recently, review your coverage and determine whether it's based on the current value of your home and realistic current replacement costs. Many policies have new deductibles for wind and hurricane damage based on a percentage of your home's value, so take care and look before being tempted to increase deductibles to lower premium costs. Do shop around with other highly rated insurers to see if you can lower your premiums..High-income beneficiaries who pay an income-related surcharge in addition to the basic premium..Getting the COVID-19 vaccine was one of the most unforgettable experiences of my life. It was emotional for a lot of people who were there. I cried when I got both of my shots - not because it hurt, but from the overwhelming sense of relief, joy and gratitude. "Mo," the chief of our local Emergency Medical Services who gave me my second dose, teared up too. He said he was relieved for the opportunity to save lives "this way" rather than making so many grim ambulance calls..Beware of a nationwide utilitybill payment scam. Under the scam, a customer may be contacted in person, through fliers, social media or text messages. The scammers claim that President Obama will pay a person's utility bills through a new federal program.
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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..The budget blueprint now moves to the Senate, where leaders are expected to take it up as early as Monday. It will likely pass along party lines in that chamber too, with no anticipated support from Senate Democrats..The new cosponsors are: Sen. Jack Reed, Reps. Mark Takano, James Langevin, Ed Whitfield, Patrick Meehan, William Keating, Duncan Hunter, Anna Eshoo, Sam Farr, Raul Grijalva, John Larson, Billy Long, Michael Honda, David Price, Daniel Lipinski, Jan Schakowsky, Rosa DeLauro, and Ed Royce. … Continued
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and puts the coverage of low-income older adults who receive Medicaid in jeopardy, including the majority of the nation's nursing home patients.".The House of Representatives, on the other hand, has passed 10 of the 12 funding bills that are needed, with only the Homeland Security and Legislative branch funding bills left. Because there is so little time left before the start of the new fiscal year there is the real possibility there could be a government shutdown right before the November election..On Wednesday, Congressman John Garamendi introduced the Consumer Price Index for Elderly Consumers Act at a press conference with several advocates for older Americans, including TSCL. If adopted, his bill would base Social Security COLAs on a more accurate measure of inflation using the CPI-E. Currently, they are based on the way young workers spend their money using the Consumer Price Index for Urban Wage Earners. … Continued