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..Third, extending the payroll tax cut could make a permanent cut more likely. As of 2009, there were seventy–three "temporary" measures in the books - many of them are now considered as good as permanent. Scott Hodge, the President of the Tax Foundation, recently warned lawmakers about the nature of temporary tax cuts. He stated, "This is going to become a permanent law. Once these things get … cooked in to the system, they're awfully difficult to get rid of.".The Social Security Trustees forecast that the disability trust fund will be completely exhausted by 201What do you feel should be done to ensure that the disabled continue to receive their benefits?.This week, the American Health Care Act continued to advance through the House, and lawmakers in the Senate voted to confirm Seema Verma as the new administrator of the Centers for Medicare and Medicaid Services..Members of the committee heard from several witnesses at Wednesday's hearing, including Stephen and Rita Shiman, two older Americans from Saco, Maine who were recently victims of the common grandparent scam against seniors. The couple was contacted via phone by a scammer who claimed to be their grandson. The caller told Mr. and Mrs. Shiman he was being held unfairly in a county jail and needed ,230 to be released on bail. They completed the transaction without a second thought and learned they had been scammed later that day, when they called to check in on their actual grandson.."Senate Republicans, White House Officials Meet Privately on Fiscal Deal," Paul M. Krawzak, CQ Roll Call, June 6, 201"Inflation Indexing Elements in Federal Entitlement Programs," Dawn Nuschler, Congressional Research Service, April 24, 2013..The Senior Citizens League would like to remind you that Election Day is Tuesday, November 6th. Contact your local government if you require voting assistance. In most states, those who have trouble casting a ballot due to physical barriers are entitled to request assistance.."Auxiliary Beneficiaries Who Do Not Have Their Own Social Security Number," Social Security Administration Office of the Inspector General, September 2014, A-01-14-14036..The proposal to adopt the chained CPI for adjusting Social Security and other federal retirement benefits has been a central feature of nearly every major budget negotiation since 20The adoption of the chained CPI to calculate COLAs would not only permanently reduce Social Security benefits of more than 60 million beneficiaries, but would also increase taxes, because personal exemptions and tax brackets which are adjusted for inflation would rise more slowly.

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The CPI-E tends to grow about 0.25 percentage point more quickly than the CPI-W on average, but there can be wide differences between the two. For example, if the CPI-E were used to calculate the COLA it would be 1.2% in 2020, vs. 0.5% based on CPI-W data through March 201We had similar situation in 2016 and 2017 when the COLA was zero and 0.3%, respectively. The CPI-E would have yielded 0.6% instead of zero, and 1.5% instead of 0.3%. Those are not big differences, but like interest, compound over time. For anyone depending on Social Security for half of their income or more, every dollar makes a difference - and adding up over time may be enough to buy an extra week's worth of groceries..The bills aren't paid..The OIG did not estimate the amount that the 11,179 collected in benefits in 2014, no doubt because privacy laws prevent the Social Security Administration from sharing that information. TSCL's Social Security policy analyst and Advisor editor Mary Johnson, however, estimates that this group of auxiliary beneficiaries may have received more than 5 million in benefits in 2014, based on current Social Security statistical data. TSCL agrees with the OIG, and believes that with Social Security in deficit, the Social Security Administration must do more to prevent improper payments. … Continued

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If you're like most Medicare beneficiaries, you rarely make changes to your health or drug plans, but this is one of the biggest financial mistakes you can make in retirement. Insurers make numerous changes to drug and health plans that increase your out–of–pocket costs every year. Your health changes, and the plans that once were your best deal, may be full of high cost surprises now. Every year new plans, even new plans offered by your current insurer, compete for your business by offering similar or better coverage, for lower costs. Comparing your Medicare plan coverage every year and making changes when it's in your best interest, is one of the most important financial habits to get into..Get routine physicals and screenings done prior to the start of.If you or someone you know is struggling to make their Social Security benefits stretch from one month to another, there are two Medicare programs that can help with medical costs for those eligible - Medicare Savings Programs which cover some Part B costs, and Medicare Extra Help which provides help with prescription costs. … Continued

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