Right now, every politician in Washington has his or her eye on November. That is when the voters speak and hold their elected officials accountable..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..Tying the annual cost-of-living adjustments to the Consumer Price Index for the Elderly. We expect this change would pay a COLA that's about.25 percentage point per year higher and would boost average benefits about per month by the end of a 20-year period..On Monday, the White House held its Conference on Aging, which occurs once every decade with the purpose of discussing and advancing initiatives that will improve the lives of older Americans. Several members of the Obama Administration were present at Monday's event, and President Obama himself gave remarks on the challenges facing seniors today..In 2017, the Social Security retirement and disability trust funds are due to receive an estimated billion in "interest payments" on those I.O.U.s. Because that money is not real cash, it must be borrowed, setting up a fractious debate in Congress - between those who say that benefits must be cut to make the program more sustainable, and others who say that Social Security payroll taxes are not equitable because the highest paid workers are not paying their fair share of taxes..Now, 18 years later, TSCL is hopeful that 2021 will be the year when Congress finally enacts legislation to allow Medicare to negotiate drug prices with pharmaceutical companies. This change is supported by about 85% of participants in TSCL's Senior Surveys. In 2019, Congress came very close to passing such a bill. In 2019, the House passed legislation, that would have allowed Medicare to negotiate drug prices, but was loathed by the pharmaceutical industry. It stalled in the Senate late in 2019 when Senate leadership refused to take up the bill..On Wednesday, the House Ways and Means Social Security Subcommittee held a hearing titled "Determining Eligibility for Disability Benefits: Challenges Facing the Social Security Administration." Members of the Subcommittee heard from several expert witnesses at the hearing, including Bea Disman, Marilyn Zahm, and Lisa Ekman..Last week, as part of the Executive Order effort, the Administration announced a set of actions designed to ensure the U.S. has access to the pharmaceuticals necessary for economic security, health security, and national defense..The Obama Administration along with many private corporations like Hewlett-Packard and Walgreens announced several other new projects that will aim to improve the lives of seniors at Monday's conference. For more information, check out the White House's Fact Sheet that summarizes each one.

Medicaid Issue Brief Medicaid Financing Cliff Implications For The Health Care Systems In Puerto Rico And Usvi

Providing relief for more than 11 million middle-class beneficiaries who pay income taxes on their Social Security benefits each year..High premiums don't necessarily purchase better coverage. The generic blood pressure medication, Lisinopril, is one of the most commonly used prescriptions by Medicare beneficiaries. The least expensive Part D plan charges Why is the action so controversial?.According to the three Senators, under current law, the administration has the authority to allow pharmacists and wholesale retailers to import prescription drugs from Canada, where medicines are often half the price. The administration also has the power to issue an executive order that would allow individuals to import prescription drugs from Canada for their own personal use..Take a class: Work out your brain and memory cells in addition to socializing with others by taking classes. Some 119 colleges in every state offer noncredit classes designed for people age 50 and older. Osher Lifelong Learning Institute courses are available at very low cost. In Charlottesville, Virginia, for example, students pay a annual membership, the first course of the fall session is and then each course thereafter is only . copay for the drug, and the plan's monthly premium is just .50 in the zip code used in the analysis. The most expensive plan charges a co-pay of .19, and the plan has a monthly premium of .30. Counting premiums, that's a difference of ,055.88 for the entire year..Members of the Maryland Congressional delegation recently sent a letter to the Postmaster General complaining of the poor service. They stated in part: … Continued

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This unusual shift comes at a time when the number of Social Security beneficiaries starting retirement benefits has risen dramatically over the past decade. Since 2010, there has been a sizable 34% increase in the 65 and older population, those born between 1946 and 196The U.S. Census Bureau said in 2019 that "No other age group saw such a fast increase.".For those who are "social butterflies," this is extremely hard. For those who do not have a problem being by themselves, maybe not so much..In April, the Medicare Trustees estimated that the standard monthly Medicare Part B premium, which covers doctors and outpatient services, would rise .70 - from 4.60 in 2020, to 3.30 in 202The April forecast, however, was made prior to the coronavirus, and did not factor in the impact of COVID-19 on expected medical costs or inflation. … Continued

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