The Republican platform assures current beneficiaries and those nearing retirement that their benefits will remain untouched, and that all changes to the program will aim to preserve the solvency of the Social Security trust funds. It explicitly states that all plans to increase tax revenues like the increase in the payroll tax cap that the Democrats proposed will not be supported. It states, "As Republicans, we oppose tax increases and believe in the power of markets to create wealth and to help secure the future of our Social Security system."."Low COLAs also take a huge toll on overall growth of Social Security income over a retirement," Cates says. "COLAs are like interest, and when COLAs are so low, benefits remain flat. Because benefits are lower now, the amount of increase, if more normal patterns of inflation resume later, will be based on lower benefit amounts, reining in future growth that retirees may have factored into their retirement plans," Cates explains..Medicare pays nothing at all for long-term care, and provides only.A third initiative will increase access to nutritious foods for homebound individuals who can no longer drive by allowing Supplemental Nutrition Assistance Program benefits to be used for food delivery services. In addition, the Department of Transportation will be rolling out a new project called the National Aging and Disability Transportation Center. The .5 million initiative will help develop transportation options available to homebound older Americans..If you experience a steep rapid price increase like this, where the drug doubles or quadruples as it did for Janice, first check with your drug plan to learn whether the drug is still covered by your plan. You can double check the price you have been quoted by using the Medicare drug plan finder at. If the drug is covered and the price has increased like this example, please contact your Members of Congress, starting with your Representative in the House and share details about the cost increase of your drug. Members of the House have announced hearings in coming weeks to investigate this sort of price gouging and your Representative will be interested in hearing your story..In reality, there's no need to cut or privatize Social Security in order to assure its solvency. Social Security could pay its full promised benefits for decades to come if we simply asked all Americans to pay their fair share of FICA taxes. Here's the deal: Ninety- four percent of American workers pay into Social Security all year long on every dollar they earn. The wealthiest six percent do not. They stop paying after their income hits the 8,500 cap. For people taking home million or more, that arrives just six weeks into the year. Some even finish paying just after New Year's Day. This gaping loophole allows billionaire hedge fund managers and corporate CEOs to pay a far lower percentage of their income into Social Security than teachers, police officers and healthcare workers..The Office of the Chief Actuary of the Social Security Administration recently said that office is assessing the impact from COVID-19, but the smaller than expected year over - year increase appears to be due to excess deaths. About 80% of the deaths from COVID-19 were people age 65 and older - more than 374,004 people, according to data from the Centers for Disease Control and Prevention..According to the most recent Social Security Trustees report, Social Security already pays out more in benefits than it receives in payroll taxes. In 2019, Social Security paid ,047.9 billion in benefits versus receiving 4.5 billion in payroll tax revenues. Taxation of the benefits of retirees provides another .5 billion in revenues, and .8 billion is money from "interest" earned by the assets of the Social Security Trust funds, special non-marketable bonds. Social Security trustees forecast that the program will be depleted by 2035..The Congressional Budget Office estimates the House GOP's American Health Care Act that passed in the House cuts federal spending on Medicaid by 4 billion over ten years, a funding cut of 25%. The Senate's health care bill would cut Medicaid even more deeply, by using a more slowly-growing inflation index to adjust reimbursements to states.

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The hold harmless provision protects people who have their Medicare Part B premiums automatically deducted from their Social Security payments. If the Medicare Part B premium increase is greater than the amount of the COLA increase, then the Part B premium will be frozen to prevent a reduction in Social Security payments. The provision does not apply to new enrollees in 2016, people who pay their Medicare Part B premiums by check, low-income beneficiaries who have their Medicare premiums paid for by state Medicaid programs and high income people who pay premium surcharges..On Wednesday, the Energy and Commerce Health Subcommittee met to discuss reform of the Medicare physician payment system with a panel of five experts. The hearing, entitled "Using Innovation to Reform Medicare Physician Payment," focused on ideas from the private sector..In a letter of endorsement to Rep. Valadao, Ed Cates TSCL's Chairman wrote, "As you know, identity theft is a significant and growing problem, and older Americans are disproportionately affected since they rely heavily on paper mail carried by postal delivery services. Greater protection from identity theft is critical to our members and supporters nation-wide." … Continued

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By Representative Charlie Crist.What you propose is an interesting concept. It would be possible to design such cost of living adjustment option in several different ways. For example, the COLA could be calculated based on the national average retiree benefit in the current year. This amount could be adjusted using the current method the Consumer Price Index for Urban Wage Earners and Clerical Workers, or the use of a seniors' consumer price index such as the Consumer Price Index for the Elderly. The law could even add a provision that the COLA would never be lower than a certain amount - such as 3%..Since its inception, Medicare has undergone a number of changes. Since 1972 the program has covered disabled persons under 6In the last 25 years, beneficiaries were given the option to obtain services through private managed care arrangements. And most recently, the passage of the Affordable Care Act strengthened Medicare by closing the prescription "donut hole" and expanding preventative services with no deductible or co-pay. … Continued

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