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By Representative Rodney Davis.In the first year of the new healthcare law, a large percentage of enrollees through the federal exchange tended to be older adults, many having pre-existing conditions. In addition, there were individuals who enrolled when they received notice that their former health plan was ending, and still other uninsured consumers did so attempting to comply with the new law to have health coverage or pay a fine..Even small tweaks in inflation can save the government hundreds of billions over time. Using the chained CPI would reduce the measured rate of inflation, and the amount of money you would receive in your COLA every year. The Congressional Budget Office has estimated that moving to the chained CPI would cut government spending on Social Security by 2 billion over the first 10 years alone..The Committee has held two additional hearings on prescription drug prices. In July, the Committee heard directly from patients who are unable to afford their prescription drugs. Two of the witnesses at that hearing were Medicare beneficiaries who were prescribed a cancer drug priced at more than ,000 per month..According to a report in Bloomberg Government News, "Centrist Democrats in the House are pushing to shrink their party's health-care wish list to focus more on low-income Americans, a move backed by industry groups including dentists who say a narrower focus is better policy..All of this adds up to less money for retirement, and greater dependence on Social Security as insurance against retirement savings that are so closely tied to the value of equities and housing. "This situation was caused by COVID-19 and illustrates why Congress needs to strengthen Social Security and Medicare benefits," Johnson says. The Senior Citizens League supports legislation that would boost Social Security benefits for all retirees and supports legislation that would lower Medicare costs..In addition, the Senate sometimes holds pro-forma sessions during recess periods to prevent the president from making recess appointments. This is apparently why the Senate remains in the pro-forma session since the House is also out of session. The Senate has the Constitutional responsibility to confirm certain appointments of the President but President Trump has made many appointments at other times when the Senate has been in recess and there are many "acting" secretaries, assistant secretaries and other officials of various departments and agencies serving without Senate confirmation..A pending Totalization Agreement with Mexico could add more than 1.6 million Mexicans to the rolls and cost in excess of 7 billion by 2040 according to a new report released by TREA Senior Citizens League. The cost estimate, the first of its kind, was performed for TSCL to provide a more comprehensive picture of the impact a totalization agreement with Mexico would have on the fiscal solvency of Social Security..This week, lawmakers in the House and Senate remained in their home states and districts for the remainder of the two-week spring recess. Both chambers are scheduled to be back in session by Tuesday, April 25th.

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Information and assistance.Many of you agree with Joe. About 74% of survey participants in TSCL's Senior Survey support applying the 12.4% Social Security payroll tax to all wages above the annual maximum which is 2,900 in 201This one fix alone is estimated to close roughly three - quarters of the Social Security financing gap. Let's ask our Members of Congress to get on board. Read more about sustainable solvency for Social Security in our latest Benefit Bulletin, "Social Security Legislation Would Provide 75 Years of Solvency To Social Security.".The report, which was published in the medical journal Heart, also notes that the more you eat, the greater your risk, with each additional weekly serving of a half-cup of fried food increasing that risk by 3 percent. … Continued

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This year, Social Security beneficiaries are receiving a COLA of just 0.3 percent, and in 2016, they received no COLA at all. Since 2012, COLAs have averaged 1 percent less than half of the 3 percent average during the decade prior but most beneficiaries have seen no benefit increase at all in several years due to rising Medicare Part B premiums..Inadequate COLAs have long-term consequences for both retiree finances and health. COLAs affect the amount of total lifetime Social Security income, and that in turn affects the rate of withdrawals from retirement accounts and savings, debt levels. Adequate income in retirement also determines whether individuals have the finances to pay for supplemental Medicare health premiums, out-of-pocket costs and prescription drugs..In 2020, the Social Security Trust Fund received far less in revenues than expected, due to three reasons: … Continued