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My estimate is based on CPI data through March 2019 and projected through the third quarter of 2019, the quarter that the Social Security Administration will use to determine the COLA..New Medicare enrollees..Chairman Collins said at Tuesday's hearing: "Alzheimer's is not a normal part of aging. It is a public health issue with a course that we can potentially change. There are steps that we can take today to help prevent the risk of cognitive decline and to improve the lives of those living with Alzheimer's and their caregivers. This public health approach is not only empowering; it is the key to saving lives.".retirement benefits later on when you stop working. If you've delayed starting.Some of the most talked-about plans using a "chained" consumer price index to calculate annual cost-of-living adjustments, cutting the payroll tax, and reducing benefits for people who are currently retired or nearing retirement would devastate many of the most vulnerable seniors..On Wednesday, TSCL announced its support for the Strengthening Social Security Act. Sen. Tom Harkin introduced the bill in the Senate, and Reps. Linda Sanchez and Rush Holt introduced the companion in the House. If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt a Consumer Price Index for the Elderly, resulting in more accurate cost-of-living adjustments; and it would lift the cap on income subject to the payroll tax. According to Rep. Sanchez, these three changes would preserve the Social Security Trust Fund through 2049, reducing the seventy-five year actuarial deficit by approximately 50 percent..Starting January 1, 2014, all Americans are required to have health insurance. People who can afford it, but don't purchase health insurance by that date, may have to pay a fee, and must also pay the entire cost of all medical care they may later require. The fee in 2014 is 1% of your yearly income, or per person for the year, whichever is higher and that fee increases every year. By 2016, it is 2.5% of income, or 5 per person, whichever is higher..TSCL believes that benefits should be increased, not cut. To do this while providing enough funding to keep the program solvent for another 50 years, 78 percent of TSCL's survey participants favor raising the taxable cap on earnings so that Social Security taxes would be collected on all earnings. Currently only earnings up to 8,500 are taxed for Social Security. "This means the nation's highest earning people, like the CEOs of some of the nation's biggest companies, are pocketing a huge tax break on all earnings over the cap," says Cates.."The Senior Citizens League strongly opposes this effort to overturn Americans' access to health care," Johnson asserts.

Report Section State Medicaid Programs Respond To Meet Covid 19 Challenges Provider Rates And Taxes
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.."Extra Help Basics," Medicare Interactive, The Medicare Rights Center, accessed on June 19, 2018..Increase the Social Security cost-of-living adjustment to reflect the inflation experienced by retirees. … Continued

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Pressure on Congress is ramping up for immigration legislation that provides a "clear path to citizenship" for an estimated 12 million illegal immigrants. House GOP Members are reportedly working on several immigration bills, including two that would grant some form of legal status. Conservative pro-immigration reform groups, including business leaders and law enforcement, are pushing the House to take action, perhaps early this spring. The Senate passed an immigration reform bill last July..Sole source drugs. The companies with monopoly pricing power acquire sole - source drugs for which there is only one manufacturer, and therefore face no immediate competition..At what age do you think most people retire? According to the Social Security Administration, the largest group retires at age 62 with reduced benefits! Only 4% wait to start benefits at 70, the age at which they would get the maximum amount. Could the fact that most people file for Social Security benefits so early be simply because they hear so often that they can do so at 62? Does 62 become a distorting anchor on our thinking? … Continued

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