Burwell Nomination Advances.Social Security's combined Old-Age and Survivors Insurance and Disability Insurance Trust Funds will be fully funded until 2035 one year later than was projected in last year's report. At that point, if nothing is done by Congress, Social Security would still have the funds to pay out 80 percent of scheduled benefits using tax revenues alone. The Trustees also estimated that Medicare's Hospital Insurance Trust Fund will be fully funded until 2026, at which point the program would still be able to pay out almost 90 percent of scheduled benefits using tax revenues..What that means, in plain language, is the President is suggesting that for an unspecified "short term," taxes paid by workers into the Social Security system be suspended, further weakening the Social Security system..However, pharmaceutical companies have sent in multitudes of lobbyists to stop the House Democrats bill, arguing that it would deter the creation of new drugs and lead to suffering and death..What can you do when you have trouble affording your vet?.TSCL is troubled to learn that earlier this week the President tweeted that a short-term payroll tax cut should be considered, fueling a conversation around the potential for a temporary stimulus package..With just days remaining before the looming deadline, TSCL will be keeping a close eye on the evolving omnibus bill. If lawmakers fail to reach an agreement in time, the federal government would once again shut down, and Social Security beneficiaries could see delays in their monthly checks. In addition, reimbursements for doctors who treat Medicare patients could be interrupted. For updates on the progress of the omnibus over the next few days, visit our page on Facebook, or our new account on Twitter..How Can I Budget For Healthcare Expenses When I Don't Know What They Will Be?."But there's still time for Congress to pass legislation to provide an emergency COLA," says Cates. TSCL strongly supports legislation that would provide 70 million Americans with a one-time emergency COLA payment of 3.9%. The Seniors and Veterans Emergency Benefits Act was introduced last fall by Senator Elizabeth Warren, and a companion bill was introduced in the House by Representative Tammy Duckworth.

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Background.Subcommittee Chairman Sam Johnson explained the origin of the issue in his opening statement, saying: "Both the House and Senate wanted to modify the benefit formula for those workers who spent part of their careers not paying Social Security taxes. I guess it should come as no surprise that the House and Senate didn't agree on the numbers … As tends to happen here they ended up somewhere in the middle.".In March of this year, after nearly a year of debate in Congress, President Obama signed the Patient Protection and Affordable Care Act into law. As the initial media coverage and analysis of the new law reached a fever pitch, there were many news reports on a certain provision of the law that relates to prescription drug coverage retirees receive through their former employers. … Continued

Medicare State Indicator Growth In Per Enrollee Spending 91 09

This week, the Senate Finance Committee voted to advance the nomination of Sylvia Mathews Burwell as the next Secretary of the Department of Health and Human Services. In addition, one subcommittee held a hearing on strengthening the Social Security program, and The Senior Citizens League saw one key bill gain support..TSCL's Take.Medicare remains a target of budget cuts in Washington as political leaders and other policy makers consider potential changes to the program. How much do you know about Medicare, the people it serves, the benefits it covers, and its financial status? … Continued

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