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What do you think of options to fix the pending insolvency of Social Security's disability program? Take a poll. Visit TSCL's website at..But no matter how legislation would be structured, Canadian health experts are warning that the plan could accelerate drug shortages in Canada. Attempting to fill the U.S. consumers' needs with pharmaceuticals from our smaller northern neighbor could not only drain supplies in Canada, but also drive up prices in that government-run health system, opponents say..This order is not only vehemently opposed by the pharmaceutical industry but also by many conservative groups that have otherwise been supportive of Trump during his time in office..For many years TSCL has led the fight to provide additional compensation to those affected..First, the Social Security 2100 Act gained one new cosponsor in Representative Diana DeGette, bringing the cosponsor total to 17If signed into law, H.R. 1902 would strengthen Social Security benefits by make cost-of-living adjustments more adequate, increasing monthly benefits by 2%, creating a new Special Minimum Benefit equal to 125% of the poverty line, providing a tax cut to Social Security beneficiaries, applying the payroll tax to annual income over 0,000, and gradually increasing the payroll tax rate by 0.25%..This week, TSCL announced its support for new legislation from Congressman Walter Jones that would create a Social Security guarantee for all eligible recipients. The Social Security Guarantee Act, if adopted, would guarantee by law the right of individuals to receive Social Security benefits in full and with accurate annual cost-of-living adjustments..As an indicator of low inflation, based on consumer price index data through April of this year, Johnson estimates that the COLA for 2019 will be about 1.7%percent. That number could change, since there are still five months of consumer price index data to be collected before the Social Security Administration announces the COLA in October..With regard to your specific concerns on Social Security COLAs, as you are fully aware, after a person becomes entitled to receive Social Security benefits, his or her monthly benefit was designed to increase annually to maintain purchasing power over time. The amount of the COLA is based on inflation as measured by the Consumer Price Index. If the CPI rises, Social Security benefits for the next year increase proportionately. If the CPI falls, Social Security benefits stay the same. Like you, I too have long been critical of this formula that measures the level of inflation in our economy because older Americans have different needs than the "typical" American. In addition, the current CPI fails to adequately reflect the fact that seniors rely more on medical goods and services, which have a much higher inflation rate..This week, lawmakers in the House remained in their home districts to continue the summer recess. They are expected to return to Capitol Hill next Tuesday, September 4th. In the days ahead, many Members of Congress will be attending local events and hosting town hall meetings in their home districts. The Senior Citizens League encourages its supporters to attend these events and to ask important questions of their elected officials, like the following five.

Ncsl In Dc Publications And Resources Fy 2020 Budget Breakdown A Final Analysis
For progress updates on H.R. 1902 or H.R. 1776, visit the Bill Tracking section of TSCL's website. To contact your Members of Congress to request their support for the bills, click HERE..How will the program make people eligible for Social Security and Medicare? Don't they have to become citizens?.That said, roughly 30 percent of beneficiaries are not protected by the provision, and they can be subject to substantial spikes in the Part B premiums. In the past, the costs of the unpaid portion of Medicare Part B premiums of those who were protected by hold harmless were shifted to those who were not protected by the provision. Because fewer people were covering the costs Medicare Part B premiums, increases were significantly higher than usual. … Continued

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Mary Johnson a policy analyst for The Senior Citizens League told Stephen Ohlemacher of the Associated Press that she has serious concerns about the long-term impact of Tuesday's COLA announcement. She said, "This loss of anticipated retirement income compounds every year, causing people to spend through retirement savings far more quickly than planned. Over the course of a 25- or 30-year retirement, it reduces anticipated Social Security income by tens of thousands of dollars."."It's highly disturbing that such a large number of survey participants have been forced to access food pantries," Johnson says. "This illustrates the dire situation faced by households of those who depend on Social Security for most of their income when food prices jump into overdrive," she says. "Over the past 12 months, the price of bacon is up 11 percent, beef up 10.6 percent and fresh fish up 8.5 percent" Johnson notes..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

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