The BPC notes that this combination of lower revenues and higher program costs will shorten the solvency of the Social Security. Its blog points to past changes in Social Security solvency. In 2008, prior to the full impact of the Great Recession, Social Security Trustees estimated the Trust Fund would be depleted in 204By the time the recession had run its course, in 2012 high unemployment and sluggish economic growth had moved up the insolvency date to 2033..TSCL joins voices with Chairman Sam Johnson in urging President Trump to nominate a Social Security Commissioner immediately. To stay updated on the nomination and confirmation process in the months ahead, visit the Legislative News section of our website every Friday morning..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..While you probably won't find any single professional who can provide you with all the answers you may need for your mom, most areas of the country have access to an Agency on Aging that can help put you in touch with a number of valuable resources and people who can answer your questions. Most agencies serve specific geographic areas of several neighboring counties, although some operate statewide in less populated states. All Area Agencies on Aging receive federal funding that is supplemented with additional state and local funding..To fix this, I've introduced the FAIR Generics Act, which would stop pay-for-delay deals once and for all. Doing so would make high-quality, lower-priced generic prescription medications available to patients sooner, thus lowering prescription drug prices in numerous cases..According to Aging Committee Chairman Susan Collins, 5.7 million Americans are currently living with Alzheimer's disease, and it is the sixth leading cause of death. In her opening statement, Chairman Collins said: "If we continue along this trajectory, Alzheimer's is projected to claim the minds of nearly 14 million seniors and surpass trillion in costs by 2050.".The recent battle in Congress over lifting the debt limit contained mostly good news and some not so good news, for disabled and retired Americans. The legislation rolled back an unprecedented 52% spike in Medicare Part B premiums due to affect about 15.6 million Medicare recipients, and it prevented a 19% cut in Social Security Disability Insurance benefits due to occur later this year. But the legislation contained no Cost-of-Living Adjustment relief for 2016, and closed off one of the few claiming strategies that some Americans have to boost their Social Security payouts..Once an individual becomes entitled to Social Security, other dependents can make claims on their account if all other qualifications are met, even if they never paid into the system. Here's a list:.So it could be significant this week that a Republican member of the Federal Trade Commission, Christine Wilson, stated that she believes Medicare should have more power to negotiate drug prices. She acknowledged that her position would be controversial among her fellow Republicans because they argue that allowing Medicare to negotiate with the pharmaceutical companies would essentially allow Medicare to set drug prices and stifle development of innovative new drugs. As the year progresses, we shall see if her views make any difference.

Rachel Dolan

You need skilled nursing services, and/or skilled therapy care on an intermittent basis..Medicare and other health insurance premiums, including Medigap supplements, Part D or Medicare Advantage plans, and long term care insurance, as long as an employer did not pay the premiums..When it comes to the quality of everyday life for seniors, one of the most important variables is access to prescription drugs. Many folks take them every day without a second thought. But what if you could no longer afford these important medications, or, if you had to choose between them and other necessities like food or rent? Even slight price increases can create real financial burdens for many seniors and their families. Unfortunately, the price of prescription drugs has been on the rise over the last several years and that doesn't seem to be slowing down. And a big part of the reason is underhanded collusion by some drug companies themselves. Drug manufacturers have figured out a way to beat the system and guarantee money in their pockets at your expense. … Continued

Abbott Northwestern Hospital In The Community

One TSCL member Barbara B., 75 of Indiana recently told us: "It's been 36 months since I've had any raise in my net operating Social Security, but my actual household costs continue to go up. This isn't fair to retirees." Barbara, who is now 75, retired 9 years ago. Like many seniors around the country, she feels that her Social Security benefits are not keeping up with inflation..I take my checkbook off the table, and see that there is only 1 check left..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. … Continued

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