Nearly 20% of participants in TSCL's Senior Survey say they spent ,100 or more out-of-pocket on prescription drugs in 201And, as we age, all of us face the grim potential that a new health problem could increase our spending on prescription drugs to this level. Doing nothing to lower drug prices for Medicare beneficiaries is not a good option..View TSCL's entire plan for fixing the Social Security Disability Insurance program..But then I think, since I can run down to the post-box when I take out the trash, I may as well pay the bills first..Example: In 2018 you are allowed to earn ,040 per year or ,420 per month without Social Security withholding any of your benefits. Let's say you earn more, ,900 per month. That would mean you would earn 0 more than the limit. Social Security would reduce your benefit by 0 per month, leaving you with just 0 per month. In addition, your earnings would also subject a portion of your Social Security benefits to taxation..Re.Consumer price index data show that the rate of inflation has changed significantly over the past decade, and has yet to return to the average rate during the decade prior to the 2010 Great Recession. From 1999 to 2008, COLAs averaged 3%. Since 2010, however, the COLA, which is tied to the increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, has averaged just 1.4%. Since that year, inflation has been so low that there was no COLA payable three times - in 2010, 2011, and 201In 2017, inflation was almost zero at just 0.3 percentage point. This is not normal, and research on the costs experienced by older Americans indicates the COLA often doesn't reflect inflation that retirees actually experience..If we closed this loophole, we could ensure that Social Security continues paying full benefits to every single American who pays in, just as they were promised..CMS to Save 4.5 Billion Dollars over Ten Years.Giving COVID vaccines in school gymnasiums and community centers has been just as healing for those giving the shots as for those of us getting them. Our vaccine hall was bubbling with excited happy voices and laughter. The moment I entered I was struck by how strange and rare that laughter had become and how much I had missed that sound!

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TSCL will continue to monitor this debate, and will work to educate Members of Congress about the potential for problems in funding benefits that could result from extending the payroll tax holiday. In the meantime, TSCL is also asking seniors to contact their Members of Congress and urge them to oppose extending the Social Security payroll tax cut..For details, or to see if your Members of Congress will be holding town hall meetings during the summer recess, call their local offices. You can find contact information HERE..You can also get one-on-one counseling and assistance in applying through your State Health Insurance Program. Find the contact for your area online at: shiptacenter.org. … Continued

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McCaskill is calling on drug companies and doctors to scale back their financial relationships, and believes that, if necessary, Congress should step in to stiffen federal laws banning doctors from receiving gifts from such companies..Medicare Part B premiums are getting set to make one of the biggest jumps in 14 years, according to new analysis from The Senior Citizens League. While the Social Security cost-of-living adjustment will increase benefits by 1.6 percent in 2020, Medicare Part B premiums are climbing by 6.7 percent, "more than four times faster than the COLA," says Medicare and Social Security policy analyst, Mary Johnson..House Speaker Nancy Pelosi said last week that she is pushing to attach drug price cutting legislation to the major budget bill carrying most of President Biden's trillion economic agenda in the coming months. … Continued

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