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Using this approach would put low to middle benefit recipients on more equal footing. The draw- back however, is that people with higher benefits would experience a benefit cut. They would not receive a COLA based on the benefit that they actually receive, and the dollar amount would be lower than what they would have received under current law. While that loss would be relatively small at first, it would compound and rapidly grow deeper over time. It would tend to lower the total amount of income that retirees with higher benefits could expect to receive from Social Security. This sort of proposed change to the COLA would quite likely encounter fierce push back, particularly from those affected, and even from middle-income people who delayed their retirement perhaps by as much as 4 years or more to allow their benefit to grow to its maximum..However, that all depends on the development of a vaccine that proves to be effective. Dr. Anthony Fauci believes that the Food and Drug Administration will approve a vaccine if it only works 50% of the time..Republicans as a whole did not object to the renaming provision and they agreed with Democrats that the NDAA was not the place for the social media provision that Trump wants. As a result, both houses of Congress passed the NDAA last week with majorities that are large enough to override Trump's threatened veto..Republicans, so far, have been unwilling to go along with any Democratic proposals although there is still bi-partisan work going on in the Senate to try and come up with legislation to lower drug prices..I'm single and I live alone. When I retire this year I will receive payments from a 401 and a traditional IRA of approximately ,000. My annual Social Security benefit will be around ,000. Will my Social Security benefit be subject to income tax even though I will not be working?.Second, one new cosponsor Senator Debbie Stabenow signed on to the bipartisan Beneficiary Enrollment Notification and Eligibility Simplification Act, bringing the cosponsor total up to three. If adopted, S. 1909 would simplify and modernize the complex Medicare enrollment process..The annual COLA is tied to the rise in inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers, maintained by the U.S. Bureau of Labor Statistics. Inflation has been at record lows in most of the seven years since 2009, averaging just 1.2 percent. In the decade prior to 2009, COLAs averaged more than 3 percent. And although low inflation can be helpful to younger wage earners and workers, "it's not always a boon for people receiving Social Security benefits," says Ed Cates, Chairman of TSCL..One of the orders would allow for the legal importation of cheaper prescription drugs from countries like Canada. The second would require discounts from drug companies now captured by middlemen that are then passed on to patients..The CBO estimated that, the American Health Care Act, introduced in March, would cut federal spending on Medicaid by nearly 0 billion over the 2017 2026 period. The CBO estimated that, by 2026, Medicaid spending would be about 25 percent less than projected under current law, yet Medicaid spending growth would exceed the rate of growth of the inflation adjustment. "With costs growing faster than reimbursements, states would have to come up with the money in some other way or be forced to cut services, restrict eligibility for enrollment or otherwise ration care," says Johnson."