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Experts estimate that fraud, waste, and abuse within Medicare cost more than billion each year. What efforts do you support to ramp up prevention?.If he should choose to veto the bill all bets are off as to what would happen next..Low inflation is often blamed on the economic recession and slow recovery, but there are other factors. Unbeknownst to most of the public, the federal government has quietly made numerous changes to the methodology used for the nation's inflation measurement - the consumer price index. Politicians claim the changes make the CPI more accurate, but virtually all of the changes since the 1980's have lowered the measured rate of inflation and reduced the growth of Social Security benefits..The Senior Citizens League is sharing these stories with Members of Congress as well. If you would like to share your story you may do so here..Under the proposed House budget resolution, a Social Security "reform trigger" would be pulled in any year the Social Security Trustees determine the 75-year actuarial balance of the Social Security Trust Fund is in deficit. The resolution would also put any legislation on an expedited schedule for passage..In a letter to Congressman Davis, Art Cooper Chairman of TSCL's Board of Trustees wrote: "According to a recent study completed by TSCL, Social Security beneficiaries have lost over 20 percent of their purchasing power since 2000. Those who are subjected to the WEP and the GPO have undoubtedly fallen even further behind. It is now more important than ever for Congress to address the inequities that have been created by the WEP and the GPO, and TSCL believes the Social Security Fairness Act is a fair and responsible solution.".The big news at the end of last week was President Trumps four executive orders that are supposed to lower prescription drug prices. Lowering those prices was something he campaigned on in 2016 and has talked about since, but this is the first time he has taken action..This week, one new cosponsor Rep. Alcee Hastings signed on to Rep. Grace Meng's Notch Fairness Act. The bill now has ten cosponsors. If signed into law, it would provide modest compensation to victims of the Social Security Notch, or those who were born between 1917 and 192Just years before they were set to retire, these individuals learned that they would have significantly lower benefits than originally anticipated. The problem has grown and compounded over time, and TSCL believes that in order to make the program more equitable, some compensation for the injustice should be provided. We enthusiastically support Rep. Meng's Notch Fairness Act, and we were pleased to see one more lawmaker sign on as a cosponsor this week..Here's an example of how it might work in 2021, assuming you start work on February 1, 202Let's assume you are entitled to a Social Security benefit of 0 per month. You work and earn ,200 during the year. Your Social Security benefit would be reduced by ,120. You would receive only ,680 of your ,800 for the year.

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With the cash deficits of the disability trust fund growing and with the trust fund's projected insolvency in 2018, something will need to be done about the disability program, and soon..The proposal to cut the growth of COLAs formed a major Social Security reform provision of President Obama's 2010 Fiscal Commission. It would reduce the growth rate in COLAs by switching to the more slowly-growing "chained" CPI. "The switch is insidious because it's enormously complicated to figure out, and it looks so small on paper - just 0.03 tenths of a percentage point," Hyland observes. "But the loss compounds over time. Within a decade it would have a significant financial punch that just keeps getting bigger," Hyland explains. The following chart provided by TSCL illustrates the impact of a chained CPI on a married couple's Social Security benefits, which start at a total of ,500 per month today, and how their benefits change over the first ten years. After ten years the chained CPI would reduce benefits by per month, and would cut benefits by ,488 over the ten-year period..In the weeks ahead, TSCL will continue to monitor the health reform discussions in the Senate and we will post updates here in the Legislative News section of our website. In the meantime, we encourage our members and supporters to contact those in the Senate who voted against the "skinny repeal" bill to express their gratitude. Senators Collins, Murkowski, and McCain took a stand against legislation that would have jeopardized the health and financial security of millions of older Americans, and TSCL appreciates their leadership on this important issue. For contact information, click HERE. … Continued

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New legislation before the House and Senate would repeal the Windfall Elimination Provision and the Government Pension Offset so that public servants receive the Social Security benefits they have earned and deserve. Will you cosponsor the Social Security Fairness Act when you return to Washington?.that a new prescription is your best option, check your drug plan coverage and.The bill would provide seniors with vision benefits in 2022, hearing benefits in 2023 and some dental benefits by 202Progressives are pushing for an earlier start to the dental benefits and that the government increase its share of the cost, which ramps up to 50% by 2032. … Continued