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The Republicans on the committee include: Sens. Jon Kyl, John Barrasso, and Mike Crapo ; and Reps. Tom Price, Nan Hayworth, Renee Ellmers, Dave Camp, Fred Upton, Tom Reed, Kevin Brady, and Greg Walden..Social Security benefits have lost 33 percent of buying power since 2000, according to the latest Social Security Loss of Buying Power Study released today by The Senior Citizens League. "One would think that a higher cost-of-living adjustment in 2019, combined with relatively low inflation, would lead to an improvement of buying power in Social Security benefits," says study author Mary Johnson, a Social Security policy analyst for the League. "But any improvement was offset by spiking costs of essentials, including out-of-pocket spending on prescription drugs," Johnson says..This, of course, keeps the costs of those drugs much higher than if a generic version were available..By Rick Delaney, Chairman of the Board.The “Notch” refers to a disparity in benefits that resulted when.How Much Less Do Notch Babies Receive? Recently one of our readers asked “Is there a percentage as to how much less NOTCH BABIES receive monthly?“.Other services provided by an out-of-network provider at an in-network facility, unless notice and consent criteria are met..As originally introduced, the bill tied all income taxes paid on Social Security benefits to the Social Security Trust Fund, and none to the Medicare Trust Fund. Instead, the bill specified that revenues destined for the Medicare Trust Fund would come from general revenues, in an amount equal to those that the trust fund was otherwise estimated to receive from the taxation of Social Security benefits..Would it Be Advantageous for Me to Take a Divorced Spouse Benefit?.Eye exams, eye glasses, and contact lenses.

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If passed, the CPI-E Act would base Social Security cost of living adjustments on a consumer price index determined by the spending habits of elderly workers instead of the current formula geared toward younger members of the workforce..Changes to Medicare and the tax code this year will affect some seniors positively, but many more seniors negatively. Those who fall into the donut hole will receive some much-needed relief from the federal government, while young retirees with high medical bills and those who rely heavily on investment income may be hit with tax increases. The Senior Citizens League will continue to closely monitor the implementation of the Affordable Care Act, and will post updates on our website. To learn more about these and other issues affecting seniors, visit SeniorsLeague.org..This week, one new cosponsor Rep. John Tierney signed on to the Strengthening Social Security Act, bringing the total up fifty-seven. 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 the Consumer Price Index for Elderly Consumers, resulting in more accurate cost-of-living adjustments, and it would lift the cap on income subject to the payroll tax. H.R. 3118 would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. … Continued

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[ii] Ibid..The Senior Citizens League enthusiastically supports the CARES Act and the Medicare Drug Price Negotiation Act, and we were pleased to see support grow for them this week. For more information about these and other bills that have been backed by The Senior Citizens League, visit the Bill Tracking section of our website..Lawmakers at this week's hearings on both sides of the aisle seemed committed to working together to stabilize the marketplace in the weeks ahead. In total, thirty-one Senators reached out to lawmakers on the HELP Committee to be included in the discussions, and the bipartisan group hopes to have a stabilization plan drafted by next week and signed into law by the end of September. For progress updates, follow TSCL on Facebook or Twitter. … Continued