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The budget blueprint now moves to the Senate, where leaders are expected to take it up as early as Monday. It will likely pass along party lines in that chamber too, with no anticipated support from Senate Democrats..in retirement. Strengthen your finances in retirement by developing additional.For the past several years, Social Security's Disability Insurance program has been facing financing challenges. In the fall of 2015, lawmakers took action to prevent a 19% benefit cut that would have affected 10 million disabled enrollees and dependents, extending the program's solvency past 201However, more work remains before the program can be considered financially stable. In September, lawmakers on the House Ways and Means Social Security Subcommittee took the first steps toward improving the program's solvency when they held a hearing to discuss its future..But those "extraordinary measures" can only last so long. Without congressional action, the Treasury Department will run out of borrowing authority in just a few months and it won't have the funds needed to pay the country's bills including Social Security benefits and Medicare reimbursements..Most surviving children would not be eligible for Notch Fairness Act benefits, but the issue should concern every single child of a Notch Baby. Recent Social Security reform proposals to attach a "price index" to the Social Security benefit formula would cut benefits for future retirees in a manner similar to the 1977 changes that led to the Notch. In addition, Congress thus far has taken no constructive non-partisan action to address Social Security's looming shortfall - meaning they may have to make very deep and abrupt cuts when they can no longer stall for time..There was no Cost of Living Adjustment, or COLA, applied to Social Security benefits for 2011, and that may cause great concern for senior citizens and those who care for them. This will leave 54 million beneficiaries who receive a Social Security check each month without an increase..Here is why we say that..Lowering drug prices is a singular area where bipartisan legislation could make it into law this year. On Monday, Senator Jeanne Shaheen in introduced legislation that would cut the cost of insulin by 75% compared with the level expected in 2020. The proposal would create a new pricing model that limits the use of rebates for Medicare Part D and the private insurance market, Sens. Tom Carper, Susan Collins and Kevin Cramer have already signed on as co-sponsors to the legislation..IPAB Repeal Bill Approved by House

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I am committed to working with both Democrats and Republicans to take common sense, reasonable steps to strengthen Medicare and make sure it is strong for both current and future seniors. These sensible reforms include implementing electronic medical records, improving coordination of healthcare services, and continuing efforts to eliminate waste, fraud and abuse from the system..Currently, 62 percent of Americans ages 65 and older suffer from multiple chronic conditions which require person-centered, coordinated care. Direct Care Workers, such as nursing assistants, home health aides, or personal care aides provide an estimated 70 to 80 percent of the paid, hands-on, long-term care and personal assistance received by older adults in the U.S. DCWs are not, however, often recognized as essential contributors to care teams. Few existing models provide DCWs with the advanced training necessary to take on increased responsibilities..Based on projections by the Trustees, Medicare Part B premiums will likely increase by around .80 next year, so the typical beneficiary will pay 4.30 per month, up from 5.50 in 201The Senior Citizens League is currently predicting a 2020 Social Security cost-of-living adjustment of around 1.2 percent, based on Consumer Price Index data through March. If those estimates are correct, most Social Security beneficiaries will see very modest increases in their net Social Security benefits next year after Medicare Part B premiums are deducted. … Continued

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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..Leaders in Congress seem optimistic that they will reach a deal in the coming days. In a brief with the Republican Conference on Thursday morning, House Speaker Paul Ryan said, "I believe we will successfully complete the negotiations. We're not going to rush it. We're going to get it right.".That is not as easy as it might seem but if they Senate is able to accomplish that whatever it passes must then go to a House/Senate conference committee which will have to come up with one bill that must then go back to each house and pass before it goes to the President for his signature. With just three work weeks left before October 1 it will have to be a marathon if they are to finish their work on time. … Continued