High Costs for Prescription Drugs More than Just Prices.As part of efforts to strengthen the Social Security system, Congress included the Windfall Elimination Provision and the Government Pension Offset in the Social Security Act of 198While intentions were noble, these changes did little to protect the Social Security system. Instead, they unjustly penalized millions of public sector employees..On Wednesday, the Energy and Commerce Health Subcommittee met to discuss reform of the Medicare physician payment system with a panel of five experts. The hearing, entitled "Using Innovation to Reform Medicare Physician Payment," focused on ideas from the private sector..How will the program make people eligible for Social Security and Medicare? Don't they have to become citizens?.According to an article in Statnews.com, "It is looking increasingly like the U.S. may not experience a flu season this year. To date, fewer than 1,600 people in the entire country have tested positive for influenza since the 2020-2021 flu monitoring period began last October; of those, 32 were recorded in the week ending Feb. 2Most flu seasons, somewhere between 100 and 200 children die from flu; so far this season there has been a single pediatric flu death. Experts believe mask wearing, social distancing, and enhanced hand hygiene practices adopted for Covid-19 control are contributing to the low numbers of circulating flu viruses.".TSCL encourages its members and supporters to attend these events and to ask questions of their elected officials about important Social Security and Medicare issues, like the following four….For example, if the price of gasoline soars do people spend more on gas for their autos, or make fewer trips? Because Social Security recipients are living on fixed income, they don't always have the leeway to spend more, meaning larger numbers of seniors might drive less. Younger consumers on a budget and people who are out of work, may be in the same boat. And if a lot of consumers are in the same fix, and wind up driving less, this measure is likely to show that inflation didn't increase much, even though the price of gas at the pump is stratospheric. That would mean your COLA wouldn't grow either, even though cost inflation may be soaring..The new drug's availability expands the choices that patients and physicians have for treating the chronic, metabolic illness diabetes. The new product potentially reduces the cost of treatment for patients as they navigate different options..The Senior Citizens League believes it is essential for older Americans to receive the primary and preventive care that is needed to ensure good health in retirement. In a recent poll conducted by The Senior Citizens League, 79% of respondents said they would like to see Medicare coverage expanded to include hearing, vision, and dental services. Only 9% said Medicare coverage should remain unchanged, while 14% said they would like to see private Medicare Advantage plans which sometimes cover more of these services better promoted.

Fiscal Policy State Actions To Close Budget Shortfalls In Response To Covid 19

Key Bills Gain Support.As we said earlier, the end of the federal government's 2020 fiscal year is fast approaching and unless Congress can pass new funding legislation before then, we face the possibility of another government shutdown. Last week the House of Representatives passed a four-bill fiscal 2021 spending package, advancing its first annual funding measure of the year. The legislation includes State and Foreign Operations, Agriculture-FDA, Interior-Environment, and Military Construction-VA funding..How many members does TSCL have? … Continued

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ROTH IRAs require that you take distributions by age 70 and a half or pay a.In 2019, there are a total of ten different Medigap plans, "A" through "N." Congress closed Plans "F" and "C" because they cover the Medicare Part B deductible. The thinking is that deductibles prevent "over utilization" of Medicare benefits. The Part B deductible is 5.50 this year and it rises at the same pace as the Part B premium. According to research by Johnson, Part B premiums have increased about 10 percent per year since 2000, making it one of the fastest growing costs in retirement. "Requiring retirees to pay deductibles, or higher deductibles, has the biggest financial and health impact on middle-income Medicare beneficiaries with modest means," says Johnson. "Many put off medically necessary care if they can't afford the deductible, and their health can get worse when they do," she says..A lot is at stake. Members of Congress and President Obama have been considering cuts to Social Security cost-of-living adjustments to lower government spending cuts that still remain on the bargaining table. In addition, the Social Security Disability Insurance Trust Fund will be fully exhausted in just three years, according to the Congressional Budget Office. An immigration amnesty would give new access to Social Security for an estimated 11.5 illegal immigrants currently in the U.S., who would become eligible for benefits that potentially include credit for earnings under fraudulent Social Security numbers. … Continued

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