Patient Education Care Of Children Infections Bacterial InfectionsIf signed into law, the Consumer Price Index for Elderly Consumers Act would amend the Social Security Act with regard to the annual cost-of-living adjustment for Social Security benefits. Currently, the COLA is based upon the spending patterns of young, urban workers using the CPI for Urban Wage Earners. This legislation would calculate the COLA based on the spending patterns of seniors by using the CPI-E..A third option was introduced by Senator Rand Paul in June. His plan would repeal the SGR and base payments on the same formula that is used to calculate cost-of-living adjustments for Social Security benefits. It would cap annual pay increases for providers at three percent, allowing physicians to practice without the threat of annual reimbursement cuts..Nearly two-thirds of the spending on prescription drugs by older Americans is for out-of-pocket costs that include deductibles, co-pays and co-insurance. Since the start of Medicare Part D in 2006, out-of-pocket costs grew 188% or roughly 16% per year by the end of 2017, far exceeding the growth in Social Security benefits, that averaged just 1.9% per year over the same period. … Continued
Blog Nuclear Energy Tribal Working Group Collaborating For Policy SolutionsCongress Departs Without Passing New Economic Relief Bill and why it Matters to Seniors.This week, lawmakers in the House passed legislation to repeal the controversial Independent Payment Advisory Board, and The Senior Citizens League announced its support for one new piece of legislation..Medicare remains a target of budget cuts in Washington as political leaders and other policy makers consider potential changes to the program. How much do you know about Medicare, the people it serves, the benefits it covers, and its financial status? … Continued