Like Senators Klobuchar, McCain, and Grassley, TSCL enthusiastically supports efforts by the administration to reduce prescription drug costs, and we hope to see the White House move forward on executive actions that would allow for prescription drug importation. In the meantime, we will continue to advocate on Capitol Hill for legislation like the Safe and Affordable Drugs from Canada Act and the Affordable and Safe Prescription Drug Importation Act, both of which would go a long way in reducing prescription drug costs for older Americans..Alexandria, VHow would Social Security recipients fix the Social Security Disability Insurance Program? The Senior Citizens League is providing recommendations to Congress this week taken from a national survey of close to 1,200 Americans age 60 and over. Participants overwhelmingly say that they won't support benefit cuts or switching to a more slowly growing cost–of–living adjustment..When it comes to the quality of everyday life for seniors, one of the most important variables is access to prescription drugs. Many folks take them every day without a second thought. But what if you could no longer afford these important medications, or, if you had to choose between them and other necessities like food or rent? Even slight price increases can create real financial burdens for many seniors and their families. Unfortunately, the price of prescription drugs has been on the rise over the last several years and that doesn't seem to be slowing down. And a big part of the reason is underhanded collusion by some drug companies themselves. Drug manufacturers have figured out a way to beat the system and guarantee money in their pockets at your expense..If a therapist or home health agency says that Medicare does not cover a service any longer, that's a red flag because Medicare hasn't changed benefits, or the qualifications to receive benefits, but only the payment structure. To be eligible for Medicare home health benefits you must meet all of the following conditions:.TSCL Supports New Anti-Fraud Bill."Chaining" COLAs Still Under Consideration.TSCL's annual Senior Surveys indicate that roughly 56% of retiree households pay tax on a portion of their Social Security benefits. About the same number support reducing the taxation of Social Security benefits by lifting the threshold for taxation of Social Security benefits from ,000 to ,000 for single filers and from ,000 to 0,000 for joint filers..Support Grows for CPI-E Act.How far will your 2013 COLA go? What other options do we have to address Social Security's solvency? Take TSCL's 2013 Senior Survey!
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The tax cut, which reduced the Social Security payroll tax for employees from 6.2 percent to 4.2 percent, makes the Social Security trust funds reliant on general revenues and undermines the self-funding nature of the program. Social Security is funded by payroll taxes, and currently faces a billion cash-flow deficit. Extending the tax cut could exacerbate the program's funding issues..If signed into law, S. 2023 would take a number of steps to reduce the cost of prescription drugs, including requiring the Secretary of Health and Human Services to negotiate Part D drug prices, allowing the re-importation of drugs from Canada, closing the "doughnut hole" three years earlier than current law, and prohibiting "pay-for-delay" deals between drug manufacturers..TSCL has been fighting to stop a payroll tax cut for months because of the damage it would do to the Social Security and Medicare trust funds. Last week we contacted both Senate and House leadership in both parties to reinforce our opposition. … Continued
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Late this week, lawmakers in the House and Senate adjourned for a seven-week summer recess. They are expected to return to Capitol Hill following the Labor Day holiday, on September 6th. In the meantime, most Members of Congress will be holding town hall meetings in their home states and districts, presenting constituents with an excellent opportunity to have their most pressing questions answered before the looming elections.. Income of the Aged Chartbook, 2012, April 2014..So, which one should you take? … Continued