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This week, the Social Security Administration announced that beneficiaries will receive a 0.3 percent Social Security cost-of-living adjustment in 201In addition, the congressional recess continued for lawmakers in the House and Senate..When comparing plans, beneficiaries are generally told to check premium costs, deductibles and other cost-sharing, whether the plan covers the drugs you actually take, provider networks, and added benefits, if any, not covered by Medicare. All of that is essential. But one key consideration that can be overlooked is how the plan uses prior authorization.."This is a budget cut that makes no sense," says TSCL Executive Director Shannon Benton. "Meals on Wheels is a low-cost program that reduces our nation's healthcare bill and more importantly helps seniors stay in their home and remain independent," she says..Senator Mitt Romney recently led a bipartisan Senate group in introducing legislation aimed at fixing Social Security and Medicare's funding shortfalls. If nothing changes, the programs' trust funds are expected to become insolvent in 15 years. If that should occur, benefits would be reduced by about 22 percent in order to match the amount of payroll taxes coming in..Alzheimer's Drug Could Increase Part B Premiums for Everyone A newly approved drug to slow the progression of Alzheimer's disease is drawing criticism for it's ,000 price tag, especially given its lack of proven effectiveness. Aduhelm stirred controversy when the Food and Drug Administration's own expert advisory panel was nearly unanimous in opposing the drug's approval due to mixed results in studies of effectiveness..In the coming weeks, we will continue to advocate for the legislation in the Senate, where the bill now sits. We will post updates here in the Legislative News section of our website, and on our new page on Facebook..This week, The Senior Citizens League was pleased to see support grow for one key bill that would improve access to affordable prescription drugs..Without legislation to remedy this flaw in the benefit formula, the reduction to the Social Security retirement benefits of these 4 million people would be permanent. Assuming that benefits would be reduced by 9.1%, a calculation for TSCL indicates that a 62 - year old with middle-earnings who retired in 2020 would typically expect a benefit of ,565 at full retirement age, but now would only receive ,423 instead. Over the course of a 25-year retirement, or by the time these individuals reach 87, the total loss of retirement income from expected Social Security benefits would be more than ,000..Net Investment Income Tax, Federal Register, accessed on June 6, 2009.