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Top executives of the big drug companies have requested a meeting with White House officials this week to discuss how they can lower drug prices..Yet in deficit reduction negotiations over the past two years, both President Obama and Congressional budget negotiators proposed cutting the growth in annual cost–of–living adjustments and several Medicare measures that would increase beneficiaries' out-of-pocket costs, like higher deductibles, and new co-pays, over the same time. "Making beneficiaries pay more for their Medicare, with less income, simply isn't feasible for a large percentage of today's older Americans," says Cates. "TSCL believes that Congressional candidates could face pushback from concerned senior voters in upcoming elections," he adds..Last year the Government Accountability Office in a report to Congress defined "notches" as "unduly large incremental reductions." In addition, the GAO further said "Notches create marked inequities between beneficiaries close in age to each other.".I'm going to look for my checks, but first I need to put the soda aside so that I don't accidentally knock it over..June 2006.The Notch that..New Medicare enrollees in 20Because they are participating in Medicare for the first time, they are not protected because they have no prior premium to serve as a "hold harmless" baseline..According to a recent story by Judith Graham, a journalist for Kaiser Health News, abrupt terminations of home health therapy services are hitting families across the nation. The terminations are in response to a January 1, 2020 change in how Medicare pays for home health services. Some home health agencies are suggesting that Medicare no longer covers certain home health services. But please note: That is NOT the case..While benefits scheduled in the law for OASI [Old Age and Survivors Insurance] and DI [Disability Insurance] are obligations, such obligations can only be met to the extent that asset reserves are available in the OASI and DI Trust Funds. The law does not provide authority for the trust funds to borrow in order to pay benefits beyond the limited authority for "advance tax transfers."

About State Legislatures Center For Legislative Strengthening Staff
The opinions expressed in "Congressional Corner" reflect the views of the writer and are not necessarily those of The Senior Citizens League..In January, one-third of all Medicare beneficiaries will see a Part B premium increase of 22 percent the highest increase in 27 years. Do you believe Congress should take action like it did last year to prevent the dramatic increase?.During recent healthcare reform hearings, TSCL submitted a statement to the Senate HELP Committee expressing support for an emergency COLA in 20The COLA could be set high enough to cover the rise in Medicare Part B and the average rise in Part D premiums. Doing so would help prevent reductions in seniors' benefits, and a Medicare notch in premiums, and provide protection from benefits taking a big hit in buying power. TSCL believes that H.R. 3557 as introduced by Representative Walter Jones would do just that. … Continued

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The Senior Citizens League continues to monitor the CBO's tax proposal. TSCL supports bills that would reduce the taxation of Social Security benefits while making Social Security payroll taxes more equitable through ensuring that all workers pay their fair share of taxes on all earnings..benefits, your initial benefit amount will be 25% higher at your full.Inadequate disclosure of costs. Does the lender hide or gloss over the costs? Are the terms appropriate or have the terms of the initial offer changed? … Continued