After passing new tax legislation that's projected to increase the federal deficit by more than .5 trillion over the next ten years, Senate Majority leader Mitch McConnell recently blamed Social Security, Medicare and Medicaid for the rapidly increasing deficit. McConnell said the only way to lower the deficit would be to cut Social Security, Medicare, and Medicaid.."Sudden Price Spikes in Decades-Old Prescription Drugs," Testimony of Berna Heyman to the U.S. Senate Special Committee on Aging, April 27, 201"High-Price Drugs Are Increasing Federal Payments For Medicare Part D Catastrophic Coverage," Daniel Levinson, Department of Health and Human Services Office of Inspector General, January 2017..This week, one new cosponsor Rep. Timothy Bishop signed on to Rep. Peter DeFazio's Consumer Price Index for Elderly Consumers Act. The cosponsor total for the bill is now up to thirty..To read more about Medicare see the 2015 Medicare & You handbook. Get a copy here..Senate Panel Discusses the Future of Social Security.Another major piece of legislation that Congress is working on, one which has been passed and been signed into law by whomever has been President for the past 59 years, is the National Defense Authorization Act. As we explained last week, that's the annual bill that authorizes the pay for members of the U.S. military as well as other important issues dealing with the Department of Defense..age 65 in 2008 or later)..Lawmakers in Washington had mixed reactions to Judge Hanen's injunction. Senate Majority Whip John Cornyn said, "Today's victory is an important one, but the fight to reverse the President's unconstitutional overreach is not over. The President must respect the rule of law and fully obey the court's ruling." Meanwhile, Representative Luis Gutierrez called the injunction a simple "bump in the road." He stated: "The administration intends to take this to the highest court in the nation, where we know justice and fairness will prevail on this executive order.".Congressional aides have said that the conference co-chairs, Sen. Patty Murray and Rep. Paul Ryan, are "talking almost every day," but a partisan divide over potential "sequester" offsets seems to have halted progress. Half of the conferees hope to replace a portion of the "sequester" with revenue increases, while the other half would like to enact cuts to mandatory programs, including Social Security and Medicare. At this point, conferees on both sides are remaining steadfast in their positions.

Fraud Alert Beware Of Scams Implying Association With Kff

According to the Congressional Research Service, older noncitizens who were assigned a Social Security number before January 1, 2004, are not required to have ever received authorization to work in the United States at any point to qualify for Social Security benefits. In other words, those individuals may have worked illegally their entire career and may still file a claim for Social Security, and all their illegal earnings will be counted..2020 Social Security Trustees Report, April 22, 2020. "COVID-19 May Deplete Social Security Trust Funds This Decade," Nicko Gladstone, Shai Akabas, Bipartisan Policy Center, April 22, 2020..The study examined the increase in costs of 39 key items between 2000 and January 201The items were chosen because they are typical of the costs of most Social Security recipients, and include expenditures like the Medicare Part B premium, that are not measured by the index currently used to calculate the COLA. Of the 39 items analyzed, 25 exceeded the percentage of increase in the COLA over the same period. "This study illustrates why legislation is needed to provide a more fair and adequate COLA," Johnson says. "To put it in perspective, the same 0 worth of groceries that a retiree household could buy in 2000, can only buy worth today," Johnson adds. … Continued

Tag Rhode Island

Medicare Part D's True Out-of-Pocket-Cost spending requirements which are unusually high as it is, are poised to make a stunning and unprecedented jump in 2020. Unless Congress takes action, the Part D doughnut hole coverage gap will swell by 25% next year, from ,100 in 2019, to ,350 in 2020 before the catastrophic phase of coverage kicks in. This would be the largest increase in Part D's required out–of–pocket spending ever, since the start of the program in 2006..Here's a checklist of red flags to be concerned about:.Nevertheless, Senate Leader Harry Reid recently went as far as to imply that people like me are lying, saying that "There are plenty of horror stories being told. All of them are untrue, but they're being told all over America." But I'm not making this up. I take this information directly from the government's own website. … Continued

Contact Atavista Farm Today!