The Social Security 2100 Act would strengthen the program's financing by:.month for a 30-day supply, and her drug plan did not cover it. Because she was.of the Center for Infectious Disease Research and Policy at the University of Minnesota and one of the foremost experts in the world on infectious diseases, said "the next six to 12 weeks are going to be the darkest of the entire pandemic.".Earlier this year President Biden signed an Executive Order to secure America's critical supply chains. The Executive Order directed the Administration to launch an immediate 100-day review and strategy development process to identify and address vulnerabilities in the supply chains of four key product sectors, including pharmaceuticals.A growing number of Social Security recipients are affected by the tax, because the income thresholds are fixed, rather than adjusted annually, like income brackets. Because of this, the number of Social Security recipients who are hit by the tax has increased substantially over the years as incomes increased..As the law is phased in over the coming months and years, TSCL will monitor it closely, and our legislative team will advocate against the implementation of the provisions that will increase costs for beneficiaries. For updates on its movement, visit our website at SeniorsLeague.org or our new Facebook page at Facebook.com/SeniorsLeague..Republican lawmakers are voicing deep skepticism about passing another round of ,200 rebate checks as they contemplate the next and possibly final stage of coronavirus relief legislation..President Obama Releases Budget Blueprint.In addition, one new cosponsor Reps. Zoe Lofgren signed on to the Improving Access to Medicare Coverage Act. The cosponsor total is now up to one hundred and forty-eight. If signed into law, H.R. 1179 would amend current Medicare policy to count hospital stays under "observation status" towards the three-day requirement for skilled nursing care. Currently, those under "observation status" don't qualify for coverage of the benefit, and they are often hit with large, unexpected bills after receiving necessary medical care.
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According to most projections the change would cut benefits by about 7% over 25 years for current beneficiaries. But that estimate doesn't include the full cost of the cut for new retirees. Baby Boomers who have not yet turned age 60 would be hit particularly hard because the COLA is used in the Social Security benefit formula to adjust average monthly earnings once a person turns 60. The adjustment is automatically applied even if people haven't yet filed a claim for benefits. The COLA adjustments along with a delayed benefit credit helps to boost initial benefits of people who delay benefits and work longer..In normal political times neither party would allow Medicare to be cut. But because of our current highly partisan times, it would require ten Republicans to join with Democrats to stop the cuts to Medicare with new legislation if reconciliation were used..TSCL will be letting Congressional leaders know of our opposition to a payroll tax cut and we will continue to advocate both in opposition to any payroll tax cut, and also for a fairer and more accurate way of calculating what the COLA should be each year. … Continued
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Social Security Benefits Slowed Amid COVID-19 Deaths.Bipartisan legislation before the House and Senate would repeal the Windfall Elimination Provision and the Government Pension Offset benefit reductions so that millions of retired teachers and police officers receive the Social Security benefits they have earned and deserve. Will you cosponsor the Social Security Fairness Act when you return to Washington?.The stakes are high for retirees, who want Congressional action. Eighty eight percent of those of you who took our 2021 Senior Survey want Congress to reduce prescription drug costs by allowing Medicare to negotiate prices. Congressional inaction would cost all of us dearly, if lawmakers fail to take action to boost Social Security benefits and enact reforms that would strengthen Social Security's financing for decades to come. … Continued