This year, Social Security beneficiaries received no cost-of-living adjustment despite a national survey indicating a majority reported higher costs. Do you support legislation that would give seniors an emergency COLA before the end of this year?.Social Security can be changed in two ways - but benefit cuts don't have to be inevitable. Increasing payroll taxes is the other avenue..If signed into law, the Notch Fairness Act would provide modest compensation to Notch babies, or those individuals who receive lower Social Security benefits because they were born between 1917 and 192TSCL feels that this inequity was brought about by the Social Security Act Amendments that were signed into law in 197Just years before they were set to retire, these individuals learned that they would have significantly lower benefits than originally anticipated. TSCL strongly supports the Notch Fairness Act, which would provide Notch babies with either a ,000 lump-sum payment or an increased monthly benefit..Since that conversation inflation for certain items has jumped. In fact consumer price data indicate that the COLA for next year may be the highest since 2019, if the trends continue. My estimates about the COLA are based on the most current available data from the Bureau of Labor Statistics, for what it's worth..The difference in drug prices between the two programs is due to two reasons. Under Medicare Part D, the government isn't negotiating drug costs on behalf of beneficiaries, and Part D has no cap on out-of-pocket spending for prescription drugs. The lack of a cap acts as a perverse incentive for drug makers and drug plans to get beneficiaries to use the most expensive drugs, because Medicare reimburses drug plans 80% of the cost in the final catastrophic phase of coverage. The higher the cost of the drug, the more drug plans receive from Medicare. Medicare patients who rely on such medications could owe thousands of dollars out-of-pocket every year for a single drug, even when their Part D plan covers the drug..If signed into law, the BCRA would create an immediate funding crisis for the Medicare Part A Trust Fund by eliminating a key revenue source and providing the wealthiest Americans with a massive tax cut. Do you support this move, and what efforts would you back to address the Medicare funding crisis?.The BPC released its own estimate of the impacts of a coronavirus recession on Social Security, projecting that it would accelerate the depletion of the trust fund from 2035 to 202Without any changes, a depletion of the Social Security trust fund would trigger program wide benefit cuts of 23%, as benefits adjust to the level of revenues still received by the program..The fraudsters enlist unscrupulous doctors to approve the test and the doctor receives a kick back from the recruiting company for each prescription. Medicare receives a bill that can range from ,000 to ,000. Victims have later reported that they did not even know the doctor who prescribed the test. Law officials warn that health fairs, senior centers and even church events are magnets for the scam, where recruiters take cheek swabs for genetic testing and collect Medicare numbers..Last fall, Republican candidates made a lot of campaign promises: to create more jobs, to roll back federal regulations and to increase energy production. But you didn't see any bumper stickers or yard signs promising to gut Social Security. Yet, the first thing House Republicans did in the new session of Congress was to quietly change a rule that could force cuts in Social Security benefits for millions of Americans by the end of next year. By turning a simple procedural tool into a "doomsday" scenario, House Republicans want to manufacture a crisis in order to justify cuts and to move toward their goal of Social Security privatization, a long-time goal of Wall Street and right - wing think tanks.
