Therefore, they are considering using the "reconciliation" process because they would only need 51 votes. But if they do that, legislation passed over ten years ago dictates that they must either raise taxes or cut spending on current programs to pay for the new spending in the President's bill..In 2016 the COLA was zero and Part B premiums rose by 16.1 percent. In 2017 the COLA was just 0.3 percentage point, and Part B premiums rose by 10 percent. "Those premium spikes were due in large part to the cost-shifting effect created when no COLA was payable," Johnson notes..Since 2000, Social Security benefits have lost 23 percent of their purchasing power due to inaccurate inflation adjustments based on the CPI-W. This year, for instance, seniors would be receiving a 2.1 percent Social Security benefit increase if the COLA were based on the CPI-E. Instead, they are receiving a 0.3 percent COLA that is offset completely by increased Medicare Part B premiums..This is obviously an area of concern for many TSCL members who get their prescriptions delivered through the mail as well as though who receive monthly checks by mail. If you have problems with late delivery, we urge you to contact your own Senators and Representative and let them know. Congress needs to put pressure on the postal service to get this problem fixed..It turned out that Flo was working for the deep pocketed pharmaceutical industry. They successfully used her ad to sink major legislation proposed by President Bill Clinton to add a voluntary drug benefit to Medicare. It wasn't until 2003 that the Medicare Prescription Drug, Improvement and Modernization Act, which added the Part D drug benefit to Medicare, was finally signed into law by President George W. Bush. But, although the bill provided a drug benefit, it specifically prohibited Medicare from negotiating prices with drug manufacturers, even though Medicare negotiates prices for almost every other service and for Part B drugs. High drug prices put patient's lives at risk every day when people can't afford to fill their prescriptions.."The FDA's action came despite a 10-0 vote in November against approval by its panel of expert advisers, who were dubious that data from two clinical trials showed the drug was effective in early Alzheimer's patients with mild cognitive impairment; three members resigned in protest from the panel last week. The surprising decision leaves doctors turning back to data from those trials, which had conflicting results: One barely met its primary endpoint, and the other did not. As if that is not confusing enough, the mental decline that is considered an early sign of Alzheimer's disease is also present in other age-related disorders, which makes it hard to discern which patients have the disease.".This week, following a two-day markup, the House Budget Committee advanced a fiscal 2019 budget resolution that would dramatically impact Social Security, Medicare, and Medicaid if adopted. The "Budget for a Brighter American Future" includes trillion in spending cuts, and it would balance the budget in nine years..Preventing the "double-dipping" of disability and unemployment benefits, since eligibility for the two programs should be mutually exclusive the DI program is for individuals who are unable to work, and the unemployment program is for individuals who can..If signed into law, the bill would repeal the Windfall Elimination Provision and the Government Pension Offset two provisions of the Social Security Act that cut the earned benefits of millions of teachers, firefighters, police officers, and other public servants each year. Because these individuals receive pensions from their state or local governments, their monthly Social Security checks are arbitrarily reduced, often by one-half or more.

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CLASS Program Closer to Being Repealed."The switch looks deceptively small on paper," says TSCL's Executive Director Shannon Benton. "But it would have a big impact on Social Security income," she says..Prices for and Spending on Specialty Drugs in Medicare Part D and Medicaid, Congressional Budget Office, March 2019. … Continued

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In fact, unlike the additional Medicare tax on high earners, this 3.8% net investment tax was not even a specific provision of the Affordable Care Act. It was a provision of a separate bill, the Health Care Education and Reconciliation Act of 2010 which was passed about two days after the Affordable Care Act. By setting up the revenues so that they would flow to the General Fund, Congress by-passed earmarking those revenues for Medicare Part A or Part B Trust Fund. That means when the funds are used for other government spending, the Medicare Trust Funds are not earning any interest from the federal government for the use of those funds..It's helpful to think of age 70 as the retirement age to get the maximum benefit that you are entitled to. Not only does your benefit grow 8% per year, but the additional years of work could potentially boost the amount of your initial retirement benefit. By continuing to work you also give yourself more time to contribute to retirement accounts and pay off home mortgages, and you reduce the length of time or amount you will need to withdraw from your retirement accounts. That can make a big difference on how well you can live and thrive in retirement..The reconciliation bill is one of the most complex tax and spending bills ever contemplated, with virtually no area of the budget or tax code left untouched. The Democrats want it to contain measures that are extremely important to seniors, including dental, hearing and vision benefits being covered by Medicare. They are hoping to craft it in such a way as to only need 51 votes for passage. … Continued

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