Congress Adjourns for Spring Break."Medicare Beneficiary Savings and the Affordable Care Act," Department of Health and Human Services, February 201"Reliance on Capital Gains and Dividend Income Tends to Rise with Age," Tax Foundation, December 2005..After passing new tax legislation that's projected to increase the federal deficit by more than .5 trillion over the next ten years, Senate Majority leader Mitch McConnell recently blamed Social Security, Medicare and Medicaid for the rapidly increasing deficit. McConnell said the only way to lower the deficit would be to cut Social Security, Medicare, and Medicaid..During the nation's recovery from the 2007- 2009 Great Recession, and Troubled Asset Relief Program bailouts, Social Security and Medicare became frequent targets of deficit cut negotiations. Deficit plans included proposals to reduce annual cost-of-living adjustments by tying it to the more slowly growing chained consumer price index. The Budget Control Act of 2011 led to automatic 2% annual Medicare cuts on payments to providers. "That cut affected all Medicare providers, including hospitals, doctors, nursing staff," Johnson observes. "These are very same providers that are now so dangerously strained by the coronavirus pandemic.".The federal government negotiates prescription drug prices for Medicaid and for veterans, but it is barred from negotiating lower prices for Medicare beneficiaries. As a result, senior citizens enrolled in Part D often pay much higher prices for their prescriptions. What are you doing to correct this unfair policy?.The findings represent a significant one-year loss of 4 percentage points in buying power, with the loss increasing from 30% to 34% from January 2017 to January 201The loss occurred even though beneficiaries received a 2% annual cost-of-living adjustment for 201Housing and medical costs - particularly for home heating expenses and Medigap premiums - were among the most rapidly-rising costs over the past year. The study examines the growth, since 2000, in the price of goods and services that are typical for retired and disabled households, and compares that to the growth in Social Security benefits due to annual COLAs..bond income. If you haven't already done so, you will also need to discuss when.2013 Medicare & You, Centers for Medicare and Medicaid Services, October, 2012..Several controversial policy riders are currently acting as hurdles in the discussions. Many are pushing to revive expired tax breaks for businesses, while some are hoping to put an end to restrictions that ban the exportation of crude oil. Other potential riders include changes to the Dodd-Frank financial regulation law, new research on gun violence, and an extension of health benefits for 9/11 first responders.

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The rise of prescription drug prices is a serious concern that warrants immediate attention. Drug companies have long charged record prices that deny millions of Americans affordable access to lifesaving medications. Individuals across Maryland - and the country - have shared their stories with me regarding the high cost of drugs for themselves or their family, and the strain it places on their finances and health. Within Medicare, so many of our seniors are facing rising costs and tough choices..My frail mother was in the hospital after passing out and falling. She stayed "in observation" for four days and received a number of tests for stroke, heart and circulatory problems. After discharge, her doctor said she needed nursing home care. The nursing home warned us that if mother's hospital stay was observation Medicare would not cover the nursing home stay. She has received several large bills for the hospital care. We can't afford to pay for this care out-of-pocket. Can you suggest anything?.TREA Senior Citizens League was formed in 1993 to protect "earned" Social Security and Medicare benefits. Many TSCL members are affected by the Notch, and rank Notch Reform as their top legislative priority. TSCL is the only national senior citizens action organization to continue to lobby for Notch Reform. To date, TSCL has 1.3 million members and supporters who participate in a number of grassroots lobbying and public education campaigns. … Continued

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"Medicare And The Federal Budget, Comparison of Medicare Provisions," Kaiser Family Foundation, March 2013..How the Pandemic is Affecting Retirement Savings as of December 31, 2020.Social Security currently determines initial retirement benefits based on all earnings, even when individuals were working without legal authorization under stolen or fake Social Security numbers. … Continued

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