The application was approved under Section 505 of the Federal Food, Drug and Cosmetic Act, which means that although it is a new drug application, its approval was based on research from another product..About four million seniors born from 1917 through 1926, commonly referred to as "Notch Babies," would receive their choice of a ,000 lump-sum payable in four annual installments, or higher monthly Social Security benefits. The legislation, known as "The Notch Fairness Act" seeks to correct a disparity in benefits caused the last time Congress overhauled the benefit formula in 1977, that began to affect seniors who started to retire just two years later..Third, extending the payroll tax cut could make a permanent cut more likely. As of 2009, there were seventy–three "temporary" measures in the books - many of them are now considered as good as permanent. Scott Hodge, the President of the Tax Foundation, recently warned lawmakers about the nature of temporary tax cuts. He stated, "This is going to become a permanent law. Once these things get … cooked in to the system, they're awfully difficult to get rid of.".Recently the TREA Senior Citizens League Board of Trustees traveled to Capitol Hill for a week filled with meetings. The Board was able to meet with 7 Congressional offices, including one drop-by visit with Chief of Staff Kevin Kimble and Legislative Assistant Yadira Castellanos in the office of Rep. Charles Gonzalez. Among the topics discussed were Notch Reform, anti-totalization measures, prescription drug costs, and the consumer price index for elderly.."Hospitals Struggle to Restart Lucrative Care After Coronavirus Shutdowns," Reed Abelson, The New York Times, May 17, 2020..The loss of buying power is an early indicator of whether the Social Security COLA will climb in the following year. Based on consumer price index data through May of this year, we estimate that the COLA for 2019 will be about 3.3%, the highest since 201However, that number could change, since there are still several months of price data to be released before the Social Security Administration announces the COLA in October..This is the type of question that you should discuss with a professional financial advisor and a tax professional..No: 70%.Coronavirus vaccine by this winter? Maybe, but do not get your hopes up too far.

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Now a leading budget policy organization is pushing Congress to fully offset the cost of building the wall and other new spending and tax cuts with entitlement cuts - specifically, adopting the more slowly-growing Chained Consumer Price Index to calculate annual Cost of Living Adjustments. That's a change that would cut federal spending by about 0 billion, the group estimates..The big news at the end of last week was President Trumps four executive orders that are supposed to lower prescription drug prices. Lowering those prices was something he campaigned on in 2016 and has talked about since, but this is the first time he has taken action..Because of the deficit projections some members of Congress have once again, raised the issue of balancing the federal budget on the backs of senior citizens. … Continued

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NOT TRUE. Pfizer has raised the price far too high for seniors on Medicare and living on a fixed income. Prior to the increase, I was paying 4.00 for a 3-month supply, or 6.00 a year. A few days ago I discovered the new price for this year was 8.80 for a 3- month supply or ,915.20 annually..the doctors, and many are not filling prescriptions. But foregoing healthcare.Primary care providers mitigate this risk by coordinating among doctors on behalf of the patient. … Continued

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