The Joint Select Committee on Deficit Reduction was created under the Budget Control Act of 2011, and is charged with finding at least .2 trillion in deficit cuts by Thanksgiving. It will likely consider proposals to reform Social Security and Medicare..While it is true that we must come together to address our budget, we cannot fix our fiscal problems on the backs of our seniors. We also must not use our economic future as a bargaining chip to advance unrelated partisan interests. During my time in Congress I'm proud to fight for Medicare benefits for our next generation of seniors. As we look forward to the next 50 years I am cognizant of some of the challenges facing Medicare. But I also see opportunity:.Legislation introduced by Senator Bernie Sanders and a similar bill introduced by Representative John Larson would provide a boost in Social Security benefits by about to for most recipients, would increase cost of living adjustments by basing the increase on the CPI-E. It would pay for the expanded benefits and restore long - term solvency to the program by making the wealthiest Americans pay their fair share of taxes. Under current law those earning more than 8,500 pay nothing on earnings over that amount..The Medicare Part A outlook has worsened due to both the financial impacts of COVID-19 and the high levels of people out of work. Nationwide business closures, layoffs and salary cuts, have significantly reduced the amount of revenues received by the Medicare HI trust fund over the past year, while payments to hospitals were increased 20% by emergency legislation for COVID-related care, and the elimination of cost sharing associated with COVID treatments..Even with the vaccine there is still a 1 in 20 chance of getting the virus. The vaccine will prevent the symptoms of the virus from occurring. In other words, it will prevent you from becoming sick, or at least horribly sick. But you could still carry the virus and pass it on to others who are not yet vaccinated..Protection of the Social Security Trust Fund Ensuring that the program's assets are locked out of the general budget..When a pharmaceutical industry leader attempted to avoid questions about the pharmaceutical company representative buying alcohol for doctors, McCaskill pressed them for a yes-or-no answer. Ultimately, she admitted there were no rules to prohibit this from taking place, and defended the industry as simply trying to communicate information about prescription medications..In 2010, 2011, and 2016 there was no COLA payable at all and, in 2017, the COLA was just 0.03 percent. Likewise, in 2018, the COLA was 2 percent, but rising Part B premiums consumed the entire increase for roughly half of all beneficiaries..Rep. Allyson Schwartz introduced H.R. 574 on February 6, 201It has since been referred to the Committee on Energy and Commerce and to the Committee on Ways and Means where it awaits further action.

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Starting January 1, 2014, all Americans are required to have health insurance. People who can afford it, but don't purchase health insurance by that date, may have to pay a fee, and must also pay the entire cost of all medical care they may later require. The fee in 2014 is 1% of your yearly income, or per person for the year, whichever is higher and that fee increases every year. By 2016, it is 2.5% of income, or 5 per person, whichever is higher..This creates problems especially in emergency room visits when the patient may require pricey services such as those from an air ambulance, doctor or other provider that does not have a contract with the patient's Medicare Advantage plan. When health plans get such bills, they can reject the claim and patients wind up on the hook for the "balance bill." While the average emergency room visit is just above 0, some patients have received surprise bills greater than 0,000 from out-of-network providers..Ending surprise billing has been a priority for TSCL this year so we are very hopeful this bill does, in fact, finally pass. … Continued

Absentee And Early Voting

Although the new tax law almost doubles the standard deduction, and increases the deduction for taxpayers over the age of 65, The Senior Citizens League still encourages older taxpayers to compile and check medical and other deductible expenses before automatically taking the new standard deduction. The Senior Citizens League is working for passage of legislation that would lower or eliminate the taxation Social Security benefits, and strengthen Social Security for all..Do You Qualify For Medicare Part D Extra Help?.Now, as we draw close to the end of the year, the window for Congress to take major action to lower prescription drug prices is beginning to close. Concern is growing that the prospects of a substantial drug price reduction bill may get lost in the politics surrounding the 2020 election. Legislation that would allow Medicare to negotiate the cost of prescription drugs is in the House, and a bipartisan bill that would cap out-of-pocket Part D costs at ,100 a year is stalled in the Senate. The whole effort is fiercely being fought by the pharmaceutical industry, and the outcome remains unclear. … Continued

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