Unlike the rest of our tax system, which is progressive, meaning the lower the income, the lower the tax rate that people must pay - Social Security payroll taxes are regressive. The first dollar of earnings is taxed for Social Security, and all workers pay 6.2% tax on earnings - an amount that is matched by employers - but only on the first 8,500 in earnings. But because of the taxable maximum cap, the highest paid workers, like CEOs of major corporations who receive millions in wages and even Member of Congress, are pocketing a huge tax break, 6.2% of every dollar earned over 8,500..Our legislative team will keep a close eye on the legislation as it is implemented in the coming months, and we will continue to advocate for policies that would reduce health care costs for Medicare beneficiaries. For updates on our progress, visit the Legislative News section of our website, or follow our new page on Facebook..Representative Larson's bill addresses the growing problems of benefit adequacy and program finances by:.TSCL Expects COLA Will Be About 1.4%.There was no Cost of Living Adjustment, or COLA, applied to Social Security benefits for 2011, and that may cause great concern for senior citizens and those who care for them. This will leave 54 million beneficiaries who receive a Social Security check each month without an increase..Instead, some physicians are experimenting with converting their practices to more lucrative payment models, such as concierge medicine, in which patients pay a fee upfront to retain the doctor. Patients who cannot afford that arrangement may have to search for a new physician..Over the past year, some of the most difficult emails that TSCL received came from those of you who describe wrenching situations caused in large part by high healthcare costs and emergency needs that arose during the COVID-19 pandemic and the weather-related disasters of 2020. That has sometimes included taking in adult children and your grandchildren, and often providing financial assistance from your own savings.."The Senior Citizens League Fears New Immigration Policy Eases Way To Social Security for Some".This week, lawmakers in the House and Senate continued their work on an omnibus spending bill to fund the federal government through the remainder of the fiscal year. Lawmakers set a .07 trillion cap in the sweeping budget deal that they passed at the end of October, and now they have until December 11th just three weeks to outline how those funds will be spent.
Minnesota Reports Four New Measles Cases As Hospitals Issue Precautions
Social Security Subcommittee Discusses DI Program.The BCRA, the "repeal-and-replace" bill that lawmakers have been working on for several weeks, was defeated on Tuesday night with a vote of 43 5The ORRA, the "repeal-and-delay" bill, was defeated with a vote of 45 55 on Wednesday afternoon. And the "skinny repeal" bill which would have repealed a few of the ACA's most controversial provisions was defeated early Friday morning with a vote of 49 51, just two hours after the text of the bill was revealed. The critical "no" votes came from three Republican Senators: Susan Collins, Lisa Murkowski, and John McCain..Providers would have to give patients information on their network status, costs of out-of-network care, options for in-network providers, and other insurance requirements generally 72 hours before an appointment. The notice would have to clearly state that consent is optional, and that the patient could seek care from an in-network provider. … Continued
Care Breasts Are 3 Dimensional And Now So Is Your Mammogram
These settlements are only a good deal for the drug manufacturers involved brand name and generic. They are a flat-out bad deal for patients. Pay-for-delay deals make necessary prescriptions unaffordable for many seniors and their families..In her new role as CMS administrator, Verma will report to Health and Human Services Secretary Tom Price, who has authored several Medicare reform plans in recent years. His proposals would increase the Medicare eligibility age from 65 to 67 while adopting a "premium support" model, where beneficiaries would be given vouchers from the federal government to purchase private health insurance..Surveys show a majority of Americans would like to see an increase in the Social Security payroll tax, but a new tax reform proposal would eliminate the 12.4 percent payroll tax altogether. This would end Social Security as we know it and transform it into a welfare program for older Americans. Do you support this drastic new proposal? … Continued