News

  • Social Security Medicare Questions May 2011 Advisor Feed

    Should Congress hand over accountability for decisions about Medicare cuts to an unelected board? That's what lawmakers did in 2010 when they passed the Affordable Care Act. The law included a controversial provision to create a Medicare cost-cutting board, known as the Independent Payment Advisory Board (IPAB). .Several lawmakers also expressed their concerns about rising prescription drug prices at Wednesday's hearing. When asked whether the administration would take action to assist seniors who fall into Medicare Part D's "doughnut hole," Congressman Price said: "It is imperative that we provide the greatest amount of opportunity for individual seniors to be able to gain access to the drugs that they need." Senator Bill Nelson (FL) expressed his dissatisfaction with that response, saying: "If I gave [seniors] that answer, I would get run out of the room." .In the coming weeks and months, TSCL looks forward to working with Congressman Duncan's office to build bipartisan support for the CPI for Seniors Act. For updates on the progress of the bill, click HERE for visit the Bill Tracking section of our website. … Continued

  • New Legislative News Post Feed

    TSCL has not given up our goal of Notch reform. In recent months we have been working with long-term Notch reform allies in Congress to ensure that Notch Babies', needs are protected from deficit reduction plans that would affect people who are currently retired. .Medicaid is popular with the public. When asked about their views on Medicaid, three-fourths (74 percent) of the public, including majorities of Democrats (84 percent), independents (76 percent), and Republicans (61 percent), hold a favorable view of Medicaid. Majorities also support increasing funding for Medicaid or keeping it the same, with 40% increasing funding, and 47% who support keeping funding at the same level. .A minimal source of supplemental benefits for seniors with extremely low benefits (Supplemental Security Income, or SSI). … Continued

This is all good news. In addition to the cost of pharmaceuticals, the simple availability of them is crucial for seniors, especially during times like this. .A new report from the Congressional Budget Office (CBO) says that undocumented immigrants who receive work authorization are eligible to receive Social Security and Medicare benefits on the basis of their work history. Under current law there's no citizenship requirement to receive benefits, but individuals must be lawfully present in the U.S. That will mean higher spending on Social Security and Medicare in the future, the CBO said. While the CBO said new payroll taxes would boost Social Security and Medicare's financial condition in the short term, in the long term federal spending would increase significantly as those people became eligible for benefits. .Many believe that Sen. Conrad's plan entails a fair balance of spending cuts and revenue increases, and they are pleased that he has revived the Fiscal Commission's recommendations. Others, however, have expressed concerns about some of the entitlement spending cuts that it calls for. TSCL in particular is concerned about the adoption of the Chained Consumer Price Index, which could significantly reduce the lifetime benefits collected by future Social Security recipients. .TSCL Endorses Social Security 2100 Act .New TSCL Report: 4.8 Billion in Wages In SSA's Earnings Suspense File .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. .TSCL will be working for legislation to ensure both hospitals and Medicare Part A weather COVID-19 and its aftermath to keep both strong and working for all who depend on Medicare! .The market cap of Moderna, a small Boston-area company that has partnered with the National Institutes of Health in the vaccine race, has since Feb. 20, to billion from billion, turning its chief executive into an overnight billionaire. While Moderna's vaccine is regarded as a strong contender, the company has. .At the time of writing this update on Friday morning, the vote had not yet occurred. It is expected to take place on Friday afternoon, before the non-partisan Congressional Budget Office has a chance to evaluate the final version. It remains unclear whether or not the AHCA will gain the support needed to win passage. If adopted, the AHCA will move to the Senate, where its future remains even more uncertain. If it fails, Republican leaders on Capitol Hill have said they will move on to other legislative priorities, like tax reform.