On Monday, the non-partisan Congressional Budget Office released its highly-anticipated report analyzing the AHCA legislation from Republican lawmakers that would replace the Affordable Care Act if signed into law..Even the Committee For a Responsible Federal Budget, which proposes the change, suggests that lower-income people could be especially vulnerable under the proposal. The organization is recommending that Congress dedicate about billion in savings from lower spending on COLAs to "enhance various benefits for low-income individuals" saying "while chained CPI is the most accurate measure of inflation, it could result in some undesirable distributional consequences.".Between July 2013 and July 2014, the prices of more than 1,200 generic drugs increased an average of 448%. What do you believe should be done to manage the extreme cost increases of prescription drugs?.Doug Osborne served in the US Air Force for 20 years. After retiring, he continued his career in the technology field using the knowledge gained during his enlistment. Doug is a lifetime member of TREThe Enlisted Association and has served on multiple committees, such as; Awards, IT, and the 5-year plan. He routinely donates his time, effort and money to the missions of TREA and The Senior Citizens League and encourages using technology to a greater degree. As the Legislative Liaison for TSCL's Board of Directors, he helps to educate seniors on various issues that strike close to home. He meets quarterly with Members of Congress and/or their staff to ensure they are aware of the concerns of TSCL supporters in their specific districts and to encourage them to support legislation that benefits senior citizens. Doug is also involved with The American Legion and, when able, Doug supports Team Rubicon on deployments. He lives in Parker, Colorado with his wife, Debbie..If Congress does nothing and the Social Security disability trust fund is allowed to become fully exhausted, there will still be payroll taxes coming into the program, but 11 million disability beneficiaries would see their benefits automatically cut by about 20%, according to the Congressional Research Service.[2] The reallocation of payroll taxes from the retirement trust fund is likely to gain increasing attention from Congress in coming months, although it's unclear when or if Congress will act..2009 Annual Medicare Trustees Report, May 12, 200"How Medicare Part B Premiums Would Be Affected If There Is No Social Security COLA," Kathleen Romig, Jim Hahn, Congressional Research Service, May 4, 2009 7-5700..In a separate report from Bloomberg News it stated that "Medicare seniors are skipping needed care and struggling emotionally as the Covid-19 pandemic alters their lifestyles..The Senior Citizens League supports legislation that would require a minimum COLA of no less than 3 percent, even in years when inflation falls below that amount. "Strengthening the COLA," Johnson says, "would help slow the drain of drain of retirement savings and help keep older Americans out of poverty." To learn more, visit..Here's how it works. Undocumented immigrants use illegally obtained Social Security numbers to get jobs. Employers report earnings to the Social Security Administration as required by law. Those wages are used to calculate benefits when a worker files a claim. But when the Social Security Administration receives a name or SSN on a W-2 that does not match the agency's records, the wage report goes into an earnings suspense file while attempts are made to reconcile the discrepancy.

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"At the same time Social Security payroll taxes have taken a huge hit due to tens of millions of people out of work, claims for Social Security will grow faster in 2020 than anticipated, as older adults lose their jobs," says Johnson. Before the start of the coronavirus recession, many older workers may have delayed claiming Social Security to allow their benefits to grow. "But those who lose their jobs may have to go ahead and claim Social Security benefits now because they can't afford to wait - especially if their retirement accounts have gone down significantly in value as well," Johnson says..To help protect the buying power of benefits, TSCL supports legislation that would base COLAs on the Consumer Price Index for the Elderly..Which Repairs Are Worth Doing Before Selling A Home? … Continued

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Consequently, surprise billing is universally loathed. More than eighty percent of participants in TSCL's 2020 Senior Survey wanted Congress to prohibit surprise medical bills, and the legislation that was signed into law in December prohibits this practice..H.R. 2787, CPI for Seniors Act If adopted, H.R. 2787 would mandate the monthly formulation and publication of a consumer price index specifically for senior citizens for the purpose of establishing an accurate Social Security COLA for beneficiaries..Nearly 1.5 million public servants are currently affected by the WEP because they have earned pensions from their state or local government, but have also paid into Social Security through previous or secondary employment. Their earned Social Security benefits are often reduced by as much as 40 percent. In addition, the GPO affects public servants who are entitled to Social Security spousal or survivors benefits based on the work history of a husband or wife. Nine out of ten times, the benefits to which they are entitled are eliminated altogether. … Continued

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