The Supreme Court recently upheld the Affordable Care Act. While most people understood that the Supreme Court considered the constitutionality of the "individual mandate," many seniors may not have thought much about how the court's decision would affect Medicare. The decision maintains both new senior benefits and 0 billion in Medicare spending cuts over the next eight years. Here's a list of major provisions that affect seniors:.averages about ,350 per month. But even people who receive care at home spend.Omnibus Work Continues in Congress.My husband and I are both 65 and won't turn 66 until later in 201I'm entitled to a monthly benefit of 0 at 66, and my husband a benefit of about ,300. He originally planned to "file and then suspend" his benefit at 66 and continue working until age 70 while his benefit grew. Meanwhile at 66, I was hoping to take a spouse benefit based on his earnings of ,150. That would also provide me with a higher survivors benefit of almost ,100 per month by 2021 should anything happen to him. Because of the recent changes is this strategy no longer available to us?.TSCL supports legislation that would prohibit the use of earnings under invalid and fraudulent Social Security numbers from being used to determine Social Security entitlement and benefits. To learn more, read TSCL's FAQ, "How 'Undocumented' Workers Are Becoming Entitled To Social Security"..The application was approved under Section 505 of the Federal Food, Drug and Cosmetic Act, which means that although it is a new drug application, its approval was based on research from another product..Providing relief for more than 11 million middle-class beneficiaries who pay income taxes on their Social Security benefits each year..Trustees Release Annual Reports.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."

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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 coronavirus has caused a dramatic decline in home mortgage rates, but that doesn't necessarily mean it's a good time for everyone to refinance. The good news is that, in many areas of the country, lenders and states are making the process safer for your physical health. That said, refinancing in retirement is still a process that carries risk to your fiscal health..How far will your 2013 COLA go? What other options do we have to address Social Security's solvency? Take TSCL's 2013 Senior Survey! … Continued

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A newly approved drug to slow the progression of Alzheimer's disease is drawing criticism for it's ,000 price tag, especially given its lack of proven effectiveness. Aduhelm stirred controversy when the Food and Drug Administration's own expert advisory panel was nearly unanimous in opposing the drug's approval due to mixed results in studies of effectiveness..The effect tends to be tempered by the fact that the federal poverty level itself is adjusted for inflation every year, using the Consumer Price Index for Urban Consumers. In most years the CPI-U grows slightly faster than the index used to adjust Social Security benefits, the Consumer Price Index for Urban Wage Earners and Clerical Workers. Thus, it tends to keep pace with the COLA. But in 2020, the CPI-U grew more slowly than the COLA, growing just 1% instead of the CPI-W's 1.3%. Thus, SNAP benefits and many other types of benefits were reduced or even eliminated this year for some beneficiaries..As we've reported in the past, the Democrats have the narrowest of majorities in both the House and the Senate. They can't afford to lose any Democratic votes in the Senate and only 3 in the House. That's crucial because Republicans in both Houses are almost unanimously opposed to the legislation Democrats want to pass, so Democrats have to do it on their own. … Continued

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