Senator McConnell's comments came a day after the U.S. Treasury Department released an analysis that revealed the corporate tax cuts under the new tax law had a significant impact on the deficit in 201Supporters of the 2017 tax legislation sold the bill saying that the tax cuts would spur economic growth so much that it would pay for itself. But the Treasury Department recently reported that the U.S. budget deficit grew to 9 billion in Trump's first full fiscal year as president, as a result of the tax cuts, spending increases, and rising interest payments for the national debt..This week, the Social Security Administration announced that benefits will increase by 2% percent beginning in January 201In addition, The Senior Citizens League announced its support for one new bill that would improve the integrity of the Social Security program.."The drug is essential," Heyman testified. "People can die without it… The drug company deserves the right to make a profit. But it is unconscionable that one company, Valeant, can hold Wilson Disease patients hostage," she said in her testimony..TSCL is troubled to learn that earlier this week the President tweeted that a short-term payroll tax cut should be considered, fueling a conversation around the potential for a temporary stimulus package.."The measure would generally limit surprise billing in the following circumstances:.The order that encourages importation of cheaper medicines by states, wholesalers, and pharmacies, is an effort already in the works since last year..This week, The Senior Citizens League endorsed two bills that would expand Medicare coverage to include hearing, dental, and vision services. In addition, lawmakers prepared for a week-long recess on Friday, and two key Social Security bills gained cosponsors..Those who testified at Wednesday's hearing made several practical recommendations to those on the Subcommittee. Ms. Zahm told lawmakers that administrative law judges would work more effectively with additional support staff. She said: "Give my judges a clerk and two attorneys and we can go to town [on the DI backlog]." Other witnesses suggested common-sense solutions like eliminating arbitrary deadlines that cause confusion for claimants who are not represented by attorneys that would make the application process more straight-forward. Several witnesses also requested more adequate funding for the Social Security Administration. Ms. Disman told the Subcommittee members, "You could certainly say that with more funding we could do more.".Instead, my legislation promotes true market competition, which will both improve the quality of our prescription drugs and lower their price. It helps seniors by making sure generic drug makers can make high-quality, lower-priced prescription medications available sooner. In fact, according to a preliminary analysis by the non-partisan Congressional Budget Office, this should save consumers and the federal government billions of dollars. That's right, billions with a B.

Minneapolis Heart Institute Programs And Services Preventive Cardiology Clinic Care Team

As a result of the COLA projection, it is expected that Medicare's "hold harmless" policy will be applied to a majority of beneficiaries. Around 70 percent of Medicare's current enrollees will continue paying the 4.90 Part B premium in 2016 instead of the projected 9.30 monthly rate, which will be applied to new beneficiaries and some other groups..TSCL is strongly opposed to plans to "chain the COLA." Such a switch has been estimated to reduce Social Security benefits by about 7% over a 30-year retirement. An average benefit of ,300 in 2017 would be about 5 per month less at the end of the period than it would be using the current CPI. An index that causes higher taxes, and lower retirement benefits, make the chained CPI a bad deal for older Americans..On Wednesday, the Social Security and Medicare Trustees released their 2015 reports on the financial outlook of the two programs. At a press briefing, Treasury Secretary Jack Lew said: "Today's reports confirm that both Social Security and Medicare are secure today and will remain secure in the years to come. Consistent with previous years, today's reports also show that these programs are facing challenges that need to be addressed." … Continued

Blog In Memoriam New Mexico Senator John Pinto

On Monday, the non-partisan Congressional Budget Office released its highly-anticipated report analyzing the AHCA legislation from Republican lawmakers that would replace the Affordable Care Act if signed into law..The Congressional Budget Office recently released its fall economic and budget update which estimates that due to the COVID-19 pandemic, Medicare outlays will grow 12% over 2020, double the rate what was forecast in April. If that estimate proves to be the case, that suggests the Part B premium increase could be twice as high as the earlier forecast - about .40 per month..To read the full statement from Chairman Cates on Thursday's Supreme Court decision, click HERE. … Continued

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