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Without action by Congress, the situation would also create inequities or a new "notch" in premium costs for new Medicare enrollees in 20New enrollees would be subject to paying the "unadjusted" Medicare premium while those who fall under "hold harmless" protection would continue to pay the adjusted .40 per month. An estimated 850,000 people would be affected in 2010 alone. Here's an example:.He noted that a vaccine's rarer side effects are often not recognized until it is put into broad use. To discover an adverse outcome that only occurs in one person in 100,000, for instance, a company would need to test it in 384,250 people from broad backgrounds and with a variety of medical conditions..Advocates who help retirees enroll in these programs say that, even if your income is slightly above the eligibility limits, you might still qualify because certain types of income and assets may not be counted..But while FICA taxes and the revenues paid by older taxpayers on Social Security benefits are real cash, the "interest" earned by the I.O.U.s is a "paper" accounting entry. There's no dedicated source of revenue for that money. The money to repay the Social Security Trust Fund comes from general revenues, and Congress borrows more money by lifting the debt limit..A new analysis by Johnson compared the growth of average benefits since 2009 with what retirees would have received assuming Social Security law provided a COLA guarantee of at least 3 percent, as has been proposed by some Members of Congress, including Representative Eliot Engel. Johnson's analysis found that an average benefit of ,075 in 2009 would be 6.50 per month higher in 2018 - about 17 percent higher - had Social Security recipients been protected by a 3 percent COLA guarantee. Over the past nine years, the average retiree would have received about ,947 more in total Social Security income..You read that right..In addition, prescription drug pricing is still on the priority list..According to one non-profit government watch-dog analysis, ". legislation enacted since 2015 could be responsible for more than half of the deficit in 2020 and 202In other words, recent policymakers are responsible for doubling near-term budget deficits.".If signed into law, the Strengthening Social Security Act would amend title II of the Social Security Act to adjust the benefit formula, resulting in a more generous monthly Social Security benefit. It would also change the way that cost-of-living adjustments are calculated by adopting a Consumer Price Index for the Elderly, and it would lift the cap on income subject to the payroll tax.

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Two powerful Senators from the President's party have also discussed this issue. According to the same report, the number two Republican in the Senate, John Thune of South Dakota has said, "We've got to fix that. It's going to take presidential leadership to do that, and it's going to take courage by the Congress to make some hard votes. We can't keep kicking the can down the road. I hope in a second term, he is interested," Thune said of Trump. "With his leadership, I think we could start dealing with that crisis. And it is a crisis.".Under growing pressure to reduce the federal debt, Congress is considering a new Medicare proposal that would shift the risk of rising costs that outpace spending targets set by the government to seniors and the disabled. The proposal comes from a key recommendation of President Obama's Fiscal Commission..Much of Wednesday's hearing was focused on the repeal of the ACA. Several lawmakers in the majority party including Committee Chairman Lamar Alexander called for the establishment of a solid ACA replacement plan. He said: "The American people deserve health care reform that's done the right way, for the right reasons, in the right amount of time. It's not about developing a quick fix, it's about working toward long-term solutions that work for everyone." Congressman Price seemed to agree, and he expressed his support for a health system that ensures health insurance access but not a guarantee of coverage for all. … Continued

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The poll raises questions about both the adequacy of Social Security benefits, and proposals that would make seniors pay an even bigger share of their healthcare costs in the future. According to the Social Security Administration, the median income for retirees aged 65 and older is just ,056.[1] In 2010, the most recent year for which data is available, Medicare beneficiaries spent ,734 on out-of-pocket costs on average, including premiums for Medicare and other supplemental insurance or health plans.[2].We normally try to stay away from items that are covered in the news during the week. There would be no point in sending this out of all we did was repeat what you already know. But this time we have decided we need to talk, at least a little, about the subject that has captured the attention of the major and local news media, and the government this week..The Social Security Notch is the unexpectedly steep drop in benefits that affects people born from 1917 through 192This generation of seniors receives lower benefits than other seniors who had nearly identical work and earnings histories. … Continued