News
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Congressional Corner Theres Need Cut Privatize Social Security
On Thursday, with a vote of 326-96, lawmakers in the House passed legislation that will fund the federal government past December 9th. The short-term continuing resolution (CR) will provide funding at a .07 trillion rate – up slightly from the current rate of .067 trillion – through April 28, 2017. . Send an email to your Members of Congress. This is an election year, and the last thing they want to hear is that health insurers are blaming COVID-19 for the steep price increases. You can get email addresses on TSCL's website here: http://wfc2.wiredforchange.com/o/8854/p/dia/action4/common/public/?action_KEY=10560. Or, you can look up your Representative and send emails at: www.house.gov and Senators at: www.senate.gov. .For 80 years, Social Security has successfully kept millions of seniors who can no longer work out of poverty, as well as millions of disabled adults and children of deceased or disabled parents. About two-thirds of beneficiaries depend on Social Security for more than half of their income, and around one-third depend on Social Security for almost all of their income. … Continued
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27 Of Seniors Spend Up To Half Of Their Social Security On Healthcare Costs
This week, just hours ahead of the December 9th deadline, lawmakers in the House passed legislation to avoid a government shutdown and left town for the remainder of the year. They are expected to return to Capitol Hill on January 3, 2017 to begin the 115th Congress. .It would: boost monthly Social Security benefits by 2 percent, improve the adequacy of the Social Security cost-of-living adjustment, create a new minimum benefit set at 125 percent of the poverty line, and cut taxes for millions of beneficiaries. To cover the cost of these benefit enhancements and extend the solvency of the Social Security Trust Funds for decades to come, it would also apply the payroll tax to income over 0,000 and gradually increase the payroll tax rate from 6.2 percent to 7.4 percent. .This week, lawmakers in the House and Senate adjourned for a week-long holiday recess. They are expected to return to Washington on Tuesday, June 5th. In the meantime, many Members of Congress will be attending local events or hosting town hall meetings in their home states and districts. … Continued
An alternate measure of inflation, the Supplemental Poverty Measure, indicates that the number of older adults who are living in poverty is larger than what the "official" poverty measure reports, according to a recent analysis from the non-partisan Kaiser Family Foundation. The way in which the government measures poverty is important because eligibility for critical low–income programs such as Medicaid, food stamps, and rental subsidies is determined by income, and tied to the "official" U.S. poverty measure. A greater number of needy people would qualify for safety-net programs like Medicaid, if the government were to use the more accurate Supplemental Poverty Measure to determine eligibility. .In the 109th Congress, I co-sponsored legislation expressing CongressТ disapproval of the Totalization Agreement between the U.S. and Mexico because I believe it is imperative that we protect Social Security by preventing others from "gaming" the system. For this reason, I also co-sponsored the Illegal Immigration Enforcement and Social Security Protection Act of 2005, legislation aimed at cracking down on Social Security fraud. .Nearly 50 years ago, we made a promise to ensure quality, affordable healthcare for all American seniors. In order to protect that promise, we must promote excellence and efficiency in Medicare, while being more fiscally responsible. One of the most important ways we can achieve those critical goals is to fix the broken Medicare physician payment system, which has created uncertainty and instability for seniors, healthcare providers, and the federal budget for decades. Because of the failed physician payment system, there is a looming crisis facing seniors and the doctors who care for them: on January 1, 2013 doctors could be hit with a scheduled reduction in Medicare payments of more than 30 percent. .TSCL Delivers Petitions to Senate Leaders .At the same time that Social Security and Medicare rolls are increasing, the funding for Social Security and Medicare, which depend on payroll taxes withheld from wages, has fallen. Payroll taxes are not withheld from people who have no earnings. .(Washington, DC) – Older Americans overwhelmingly support legislation that would allow Medicare to negotiate prescription drug prices, according to a new survey by The Senior Citizens League (TSCL). The online survey, which had over 1,234 participants, found that 88 percent support tying prescription drug prices to what other industrialized countries, such as Great Britain, Canada and Japan, pay for the same drug. .The federal government negotiates prescription drug prices for Medicaid and for veterans, but it is barred from negotiating lower prices for Medicare beneficiaries. As a result, senior citizens enrolled in Part D often pay much higher prices for their prescriptions. What are you doing to correct this unfair policy? .Medicare has three Parts: A (hospital), B (doctors and hospital outpatient) and D (prescription drugs). Each has a deductible and each increases every year. In 2007 the Medicare deductibles (annually) are: .So, which one should you take?
