In addition, Wall Street analysts were skeptical that the orders would have much effect on drug makers and said they could prove difficult to implement in practice..These settlements are only a good deal for the drug manufacturers involved brand name and generic. They are a flat-out bad deal for patients. Pay-for-delay deals make necessary prescriptions unaffordable for many seniors and their families..And, in case you had any doubts about why you need that Medicare Advantage plan in the first place, here are the general types of costs if you have Medicare Advantage plan coverage compared with having traditional Medicare with a Medigap supplement..In 2016 the COLA was zero and Part B premiums rose by 16.1 percent. In 2017 the COLA was just 0.3 percentage point, and Part B premiums rose by 10 percent. "Those premium spikes were due in large part to the cost-shifting effect created when no COLA was payable," Johnson notes..In 1988, a report by the former U. S. General Accounting Office, now the Government Accountability Office, cited an example of two sisters who started working at the same book bindery, on the same day, in October 195Audrey was born in March 1916, and Edith in June of 191The two had almost identical lifetime earnings. The younger sister Edith received a monthly benefit of 2.60, 1.80 less than her older sister Audrey, who received 4.40 per month..Because Medicare is such a crucial program, most members of Congress usually stumble over themselves to protect it. However, if the situation ever presents itself, they will use threats to Medicare to bash the other party..The standard monthly Medicare Part B premium, which covers doctors and outpatient services, will increase by .10 from 5.50 in 2019, to 4.60 in 2020. At the same time, the COLA will increase an average Social Security benefit of ,460 by only .40. After deduction for the Part B premium, that would leave just .30 per month for someone with average benefits to cover all other rising costs, including other rising Medicare premiums for prescription drugs or supplemental coverage..This week, seven new cosponsors signed on to the Social Security 2100 Act, bringing the total up to eighty-four. The new cosponsors are: Reps. Luis Gutierrez, Marc Veasey, Lucille Roybal-Allard, Eddie Bernice Johnson, Chellie Pingree, Joyce Beatty, and Peter DeFazio..Squeeze your home for cash - If your home can be divided into

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The health premium subsidy will be paid on your behalf directly to your selected insurance plan, and you will get tax credits that reduce the total amount of tax you owe to the IRS. This can mean a bigger refund if you don't owe. The credit begins with insurance that starts January 1, 2014 or later..More Americans are spending more years in retirement, but have little or no retirement savings. Fewer employers are offering retirement plans and participation from workers is low among those who do. According to a study by the Schwartz Center for Economic Analysis at the New School, the median net worth among households near retirement show that only about a quarter can expect an adequate cash income stream from their retirement savings..In the coming days, TSCL will be keeping a very close eye on the movement of the omnibus spending bill. If lawmakers fail to reach an agreement before the December 11th deadline, the federal government will shut down once again, potentially impacting the timeliness of Social Security checks and reimbursements to doctors who treat Medicare patients. … Continued

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IPAB Repeal Bill Approved by House.Lawmakers Adjourn for Remainder of Year.According to the lobbying arm of the major drug companies, in 2018, nearly half of the money spent on brand medicines went to some business other than the research companies that discover and manufacture medicines. … Continued

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