Under the proposal by Congressman Paul Ryan, now Chairman of the House Budget Committee, and Alice Rivlin, a monetary and fiscal policy expert, Medicare would be changed from a system that pays per procedure, to one that would provide a fixed amount of money or voucher, to private health plans to provide coverage..Before a company's drug patent expires, manufacturers of generics race to file lawsuits to challenge the patent. The company that wins gets a six-month period of exclusive sales to sell the drug. While this doesn't always happen, when it does it can delay real market competition until several manufacturers start making the generic version..Could the Social Security COLA Be More Fairly Adjusted to Provide a Fixed Annual Dollar Amount?.7 Questions That Must Be Addressed About Social Security.Petition to Congress: Put an End to Dramatic Increases in Prescription Drug Costs.And overwhelming majority 95% of those polled said YES! Amnesty by Executive Order is presidential over-reach. Changes in immigration law should be left up to Congress..There was no Cost of Living Adjustment, or COLA, applied to Social Security benefits for 2011, and that may cause great concern for senior citizens and those who care for them. This will leave 54 million beneficiaries who receive a Social Security check each month without an increase..Your earnings from work will reduce your benefits if you are under your full retirement age and the earnings are more than the annual limit. The age at which people become eligible for full retirement benefits has been gradually rising. The full retirement age for people born from 1943 through 1954 is 66..Improve work incentives and encourage disabled beneficiaries who improve to return to work. Current disability rules restrict what disabled beneficiaries can earn, which serves as a disincentive to those who are capable of re-entering the workforce. TSCL favors adopting rules that are consistent with those of the retirement and survivors program, which allows people to earn ,310 per month before benefits are reduced.
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Prices for and Spending on Specialty Drugs in Medicare Part D and Medicaid, Congressional Budget Office, March 2019..This week, The Senior Citizens League was pleased to see support grow for one key bill that would improve access to affordable prescription drugs..The U.S. Bureau of Labor Statistics estimates that older households spend more than 46% of annual household budgets on housing. That includes not only a mortgage, but also real estate taxes, homeowners' insurance, maintenance and repairs, appliances and home furnishings, heating and cooling, electricity, water, and gas. Many older homeowners often pay for landscaping and housekeeping services as well. … Continued
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Medicare Part B premiums jumped .10 per month in 2020 - one of the biggest increases in recent years. While the Social Security cost-of-living adjustment increased benefits by 1.6 percent in 2020, Medicare Part B premiums climbed 6.7 percent, more than four times faster. A jump of this size can put older household budgets into a bind, forcing retirees to go without essentials when they run short before their next Social Security check..The Senior Citizens League enthusiastically supports the Seniors Have Eyes, Ears, and Teeth Act, and we believe its passage is essential in order for older Americans to maintain their dignity and good health in retirement. In the months ahead, we look forward to working with Representative Roybal-Allard to help build support for her bill, and we hope to see it signed into law before the end of this year..Your marriage lasted for 10 years or more, and your ex-spouse is entitled to Social Security benefits; … Continued