The programs were struggling even before sequester. Federal funding has remained flat for years, even though about 10,000 Baby Boomers retire every day..Surprise Billing.Seventy-eight percent of participants in TSCL's 2019 Senior Survey think Congress should establish an out-of-pocket spending cap. In December of last year, prescription drug legislation, H.R.3, the Elijah Cummings Lower Drug Costs Now Act was passed by the House. In addition to allowing Medicare to negotiate drug costs, the House bill would cap Part D's annual out - of - pocket costs for prescription drugs, starting at ,000 per year..Congress is under intense pressure from numerous directions to get rising debt under control. The Congressional Budget Office further warned that growing interest costs on the debt would restrict our elected lawmakers ability to use tax and spending policies to respond to economic downturns or financial crises. And that in turn would increase the probably of a sudden fiscal crisis, in which the government would lose its ability to borrow at affordable rates.."The Senior Citizens League strongly opposes this effort to overturn Americans' access to health care," Johnson asserts..House Speaker Nancy Pelosi said last week that she is pushing to attach drug price cutting legislation to the major budget bill carrying most of President Biden's trillion economic agenda in the coming months..Click here to learn more about the NASI survey..The blueprint also lays out some modifications to the Social Security program. It would close the Disability Insurance trust fund's shortfall by transferring funds from the Old Age and Survivor's Insurance trust fund over a period of five years. TSCL's members and supporters overwhelmingly oppose the transfer of funds from one trust fund to another since it would put the OASI trust fund on worse financial footing. However, we were pleased to see that President Obama did not include the adoption of the "chained" CPI in his budget blueprint as he did two years ago.."Extra Help Basics," Medicare Interactive, The Medicare Rights Center, accessed on June 19, 2018.

Slideshow Health Spending Trends Slideshow

TSCL does not give money to campaigns for political office and in one way that puts us at a disadvantage as compared with the big corporations. But we have something they do not have: YOU.."Notch Babies are now at the age where they are more likely to have chronic health problems and require multiple prescriptions," says TSCL Chairman Larry Hyland. "They are finding it difficult to make their lower benefits cover rising Medicare premiums and out-of-pocket costs, let alone all their other rising costs. The time has come to settle this," Hyland says..On Wednesday, TSCL announced its support for the Strengthening Social Security Act. Sen. Tom Harkin introduced the bill in the Senate, and Reps. Linda Sanchez and Rush Holt introduced the companion in the House. If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt a Consumer Price Index for the Elderly, resulting in more accurate cost-of-living adjustments; and it would lift the cap on income subject to the payroll tax. According to Rep. Sanchez, these three changes would preserve the Social Security Trust Fund through 2049, reducing the seventy-five year actuarial deficit by approximately 50 percent. … Continued

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This week, lawmakers continued working towards an omnibus spending bill to fund the federal government through the remainder of the fiscal year..Seniors born from 1917 through 1926, known as "Notch Babies" receive lower Social Security benefits than other retirees with almost identical earnings histories. Do you support Notch Reform legislation that would provide a choice of ,000 payable in four annual installments or an improved monthly benefit?.Your persistent support in signing petitions, sending email, and letters to your Members of Congress have helped build the highest level of co-sponsorship in more than ten years. … Continued

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