Senate Passes Permanent SGR Repeal.Fall Congressional Recess Continues.Publication: How Work Affects Your Benefits SSA Publication No. 05-10069."People who have been receiving benefits for 12 years or longer have experienced an unprecedented series of extremely low cost-of-living adjustments," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. What's more those inflation adjustments do not account for rapidly rising Medicare Part B premiums that are increasing several times faster than the COLA. The situation is causing those with the lower Social Security benefits to see little growth in their net Social Security income after deduction of the Part B premium..Eye exams, eye glasses, and contact lenses..Consumption of fried foods has also been linked to diabetes and high blood pressure..In short, the Social Security disability trust fund would become insolvent by mid-2021 and the retirement trust fund would become permanently depleted by 2023, just two short years from now..That's the case for Ninon Ruscher and her husband John of Tuscon, Arizona, who rely on Social Security for all of their income. Mrs. Ruscher says that, "seniors who rent their own homes are in a precarious financial situation." "Once we pay the monthly bills, we sit at home. We don't have the money to do anything or go anywhere. Once the food runs out we have to wait until our next Social Security payment," she adds. Mrs. Ruscher notes that even though her husband receives health benefits through the Veterans Administration, and she's enrolled in a Medicare Advantage plan, they are still trying to pay off expenses from her recent surgery earlier this year..Medicaid, the state and federal program that provides healthcare for low-income Americans, is undergoing a massive expansion with the start of the Affordable Care Act. The fairness of that expansion for seniors is drawing closer scrutiny from TSCL.

A Status Report On Prescription Drug Policies And Proposals At The Start Of The Biden Administration

Providers couldn't send patients a balance bill for any amounts that exceed the cost-sharing requirement in those scenarios.."Even one year of high health costs, like being hospitalized for surgery, could force most seniors to spend through their savings faster, or go into debt," says TSCL Chairman, Ed Cates. "Most retirees are dealing with fragile fiscal safety nets," he says. "What makes this finding so significant is that most Medicare health plans have annual out-of-pocket maximums that exceed ,000," Cates adds..In addition, it would close Medicare Part D's "doughnut hole" two years earlier than under current law, and it would require drug manufacturers to provide new rebates to low-income beneficiaries. If adopted, the plan would also increase transparency in the prescription drug market by requiring manufacturers to publicly disclose the costs of research and development, discounts, and other data that determines drug pricing. In an attempt to increase competition within the drug market, it would also prohibit anti-competitive deals, reduce the period of market exclusivity for brand-name manufacturers from twelve years to seven, and eliminate rules that extend market exclusivity when manufacturers make minor changes to products. … Continued

Fda Approves Drug To Combat Peanut Allergy

Budget Compromise Released and Passed.Surveys show a majority of Americans would like to see an increase in the Social Security payroll tax, but a new tax reform proposal would eliminate the 12.4 percent payroll tax altogether. This would end Social Security as we know it and transform it into a welfare program for older Americans. Do you support this drastic new proposal?.retirement benefits later on when you stop working. If you've delayed starting … Continued

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