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"The drug is essential," Heyman testified. "People can die without it… The drug company deserves the right to make a profit. But it is unconscionable that one company, Valeant, can hold Wilson Disease patients hostage," she said in her testimony..The Social Security Administration announced today that the 2020 COLA will be just 1.6 percent, continuing the worrisome trend in which COLAs have averaged just 1.4 percent from 2000 to 20"Adequate COLAs are critical to retirement security," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. "Social Security is one of the only types of retirement income that provides this essential protection against rising costs. "When a retiree's costs rise faster than their COLA, the buying power of Social Security benefits erodes, leaving people with a benefit that doesn't go as far as it did when they first retired," Johnson notes. According to research by Johnson, Social Security benefits have lost 33 percent of buying power since 2000..The rate of growth in the number of older Americans who receive Social Security has slowed sharply recently, and the drop may be due in large part to the large number of deaths from COVID-19 among people age 65 and up. In March of 2021, the number of people receiving retirement benefits from the Social Security Administration rose 900,000 to 46.5 million, the smallest year - over - year gain since April 2009..Even though the rate of inflation is dropping, a proposal that would switch to a more slowly-growing CPI to calculate COLA continues to be pushed by proponents on both sides. The Congressional Budget Office has estimated that the "chained" CPI would reduce the federal budget deficit by more than 0 billion in the first ten years. It would do so by cutting the growth in a host of federal benefit programs, including military retirement in addition to Social Security, as well as increasing revenues if used to index the tax code..Committees Craft ACA Repeal Legislation.Should I Allow My New Health Law Coverage To "Automatically Renew"?.A lot is at stake. Members of Congress and President Obama have been considering cuts to Social Security cost-of-living adjustments to lower government spending cuts that still remain on the bargaining table. In addition, the Social Security Disability Insurance Trust Fund will be fully exhausted in just three years, according to the Congressional Budget Office. An immigration amnesty would give new access to Social Security for an estimated 11.5 illegal immigrants currently in the U.S., who would become eligible for benefits that potentially include credit for earnings under fraudulent Social Security numbers..Right now, there are immediate steps we can take to help build a sustainable path toward cheaper drugs for all Americans - and I'd like to highlight two recent bills that could increase transparency and competition as a part of this strategy..The COLA is calculated using data from the Consumer Price Index for Urban Wage Earners and Clerical Workers. Of the CPI groups that the Bureau of Labor Statistics measures, the CPI-W covers only 28% of the total U.S. population, and specifically excludes households "with no one in the labor force, such as retirees."

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Prices charged for the category of drugs known as "specialty medications" are exploding so quickly that they're now a key source of concern for both consumers and Congress. Specialty drugs include those used to treat cancer, multiple sclerosis and rare health conditions. Spending on these drugs under Medicare almost quadrupled in recent years, rising from .7 billion in 2010 to .8 billion in 201On the other hand, spending on the same drugs under Medicaid, the program that provides healthcare for low-income Americans, grew much more slowly over the same period, rising from .8 billion to .9 billion..To learn more details about enrollment periods, visit /publications to view the fact sheet "Understanding Medicare Enrollment Periods." You can also call and say "Agent.".You have a face-to-face meeting with a doctor within 90 days before starting home healthcare, or 30 days after the first day you receive care. … Continued

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He said it is still possible that legislation regarding those issues could be passed, but not very likely. He said he was afraid they would be caught up in the elections and be used as campaign issues rather than being seriously considered for passage. That means that if any action is taken it will probably not be until later in November or even December, depending on how late in the year Congress works..The new Congress has been sworn into office but little in the way of legislation regarding Social Security, Medicare or Medicaid has yet been introduced. As we all are no doubt aware, there have been other things on Congress' plate the last week or two, to say the least. But once President Biden is sworn into office this Wednesday Congress will return and the legislative season will be off and running..Gives you Special Enrollment Periods to enroll or change plans during the year outside of the fall Open Enrollment period. … Continued

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