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With over 1 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Located just outside Washington, D.C., its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of The Retired Enlisted Association..Social Security and Medicare Part A would have to rely solely on the payroll tax revenues they collect each year to pay out benefits or pay medical providers like physicians..What's Secretly Sabotaging Your Finances? - Your Brain.It's about time. At the time of its passage, the Affordable Care Act, was labeled a "Medicare" tax and sold to the public that way. Now it is needed by the Medicare Part A Hospital Insurance Trust Fund. Part A is less than five years from insolvency and faces an estimated 5 billion funding gap over the next ten years. The Joint Committee on Taxation estimates that this tax will raise approximately .5 billion in revenue in 2021 alone..By Jarrad Hensley, TSCL Legislative Assistant.Alexandria, VA Seniors will get one of the lowest cost-of-living adjustment paid in the past decade next January. But even so, COLAs remain a key target in post-election deficit reduction efforts, warns The Senior Citizens League, one of the nation's largest nonpartisan seniors groups. A plan that would slow the growth in annual COLAs is a key provision of major deficit reduction plans quietly under consideration in Congress..The prospects for an adequate Cost-of-Living Adjustment boost for 2013 are dimming. The rate of inflation, as measured by the Consumer Price Index, is decelerating at the fastest pace in three years. A low COLA would leave the seniors, especially those with the lowest Social Security benefits, with less money to cover Medicare premiums that are automatically deducted from monthly payments..Medicare Part B premiums were found to be the fastest growing cost for seniors, increasing by 195 percent over the eighteen-year period. Average out-of-pocket spending on prescription drugs followed closely behind, increasing by 188 percent. Meanwhile, between 2000 and 2018 the COLA increased Social Security benefits by only 46 percent..Leaders in Congress seem optimistic that they will reach a deal in the coming days. In a brief with the Republican Conference on Thursday morning, House Speaker Paul Ryan said, "I believe we will successfully complete the negotiations. We're not going to rush it. We're going to get it right."