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According to the Federal Register "Amounts collected under section 1411 are not designated for the Medicare Trust Fund. The Joint Committee on Taxation in 2011 stated that's because No provision is made for the transfer of the tax imposed by this provision from the General Fund of the United States Treasury to any Trust Fund.".Their platform's Social Security plan closes by saying, "Our plan contrasts starkly with Donald Trump. He has referred to Social Security as a 'Ponzi scheme' and has called for privatizing it as well as increasing the retirement age.".The Republican Platform.A COLA as low as 1.2% increases the risk that Medicare Part B premiums for 2020 would take the entire amount of any COLA increase for many beneficiaries. This would be especially true for any Part B increase around .00 per month..New Part D plan drug pricing programs may lower costs for those who seek out the savings. Recent Congressional scrutiny on drug pricing may be spurring some drug plans to drop prices. One of the biggest cost-savings found is a new drug plan pricing program that lowers the cost of insulin. In the 2018, the lowest cost Part D plan charged an copay for a 100/ML of Lantus Solostar. In 2019, a different plan had lowest cost copays charging as little as .00 - .00 for Lantus Solostar, in the Cigna-HealthSpring Rx Secure - Extra Part D plan. The highest cost plan, which does not cover Lantus, charges the full price, 3.18 per 100/ML..Congressional Recess Begins.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..We encourage you to attend a town hall, and invite others you know. The future of our retirement and our healthcare benefits rests in our hands..While at TREA, Larry became familiar with The Senior Citizens League, which was first established in 1992 as a special project of TREA.

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Economic forecasts for 2013 warn of a financial crisis ahead. Nobody is feeling it more acutely than seniors living on fixed incomes. Retirees and disabled adults won't see much of a cost-of-living adjustment increase in benefits this year. At 1.7%, the 2013 is one of the lowest ever paid, not counting 2010 and 2011 when no COLA was payable at all. Timing couldn't be worse..As a non-partisan, non-profit seniors organization, TSCL does NOT endorse candidates in presidential or congressional races. Our mission is to educate the public about Social Security and Medicare benefits and about legislative proposals that would affect Americans' retirement security. We urge you to make sure your voter registration and your photo ID's are up–to–date, especially if you have moved recently. We encourage all of you to vote this November!.The study examined the increase in costs of 32 key items between 2000 and January 201The items were chosen because they are typical of the costs seniors must bear. Of the 32 costs analyzed, 20 exceeded the COLA. The selected items represent eight categories, weighted by approximate expenditure. … Continued

Ncsl In Dc Publications And Resources New Democratic Majority Could Resurrect Budget Reconciliation Process Magazine2021

Now Medicare has launched a formal process to determine whether Aduhelm will be covered, after a widespread uproar spurred a Congressional investigation. The final decision isn't expected until next spring, although an initial ruling could come around January. Medicare's coverage process came on the same day that two House committees asked drug maker Biogen to turn over documents on how the drug was developed and priced, and on its dealings with government officials at the US Food and Drug Administration..match you up with business mentors or help you brush up on skills like using a.Needless to say, the Centers for Medicare and Medicaid Services still lacks the effective oversight to monitor the wasteful payments that continue to plague the system. The Obama administration has made efforts to increase Medicare's accountability and reign in the waste and fraud that remain at an all time high level. In an education initiative, President Obama recently announced an increased effort and funding for a "Senior Medicare Patrol" program designed to educate Medicare beneficiaries on fraudulent spending from healthcare providers. The goal is to bolster Medicare fraud education programs for seniors across the country, highlighting ways to spot and report suspicious fraudulent activity from healthcare providers. … Continued