News

  • Q August 2016

    If he proceeds, Trump would force drug companies to accept lower payments from Medicare for treatments administered in doctors' offices. The rule would apply to certain drugs bought by the "Part B" section of Medicare. .Social Security Benefit Cuts Need to be Stopped .TSCL thanks those who donated, and remembers those who fought in World War II. Read one such remembrance, "My Friend Paris" contributed by TSCL member, John Seavers. … Continued

  • Social Security Expansion Gets New Attention In Us House

    Some Members of Congress are calling for Congress to strike a deficit reduction deal of their own. Although gridlock may occur and would hardly be surprising, TSCL remains adamantly opposed to a key proposal that would change the cost-of-living adjustment (COLA) calculation. The proposal, which would affect not only future retirees but ALL retirees, would switch to a more slowly-growing consumer price index known as the "chained" CPI to calculate the annual COLA. This proposal that would reduce the lifetime Social Security income of seniors by potentially tens of thousands of dollars is one of the few areas of agreement between both Democrat and Republican negotiators. TSCL also strongly opposes proposals that would increase what seniors have to pay for the Medicare benefits. .Two Cosponsors Sign on to Key Bill .Many seniors are struggling with their vastly diminished retirement accounts following the stock market crash. Additionally, the inventory of unsold houses has now reached record highs and the forecasts for retirees who need to get their cash out of real estate are gloomy indeed. … Continued

One paid family leave proposal discussed at Wednesday's hearing would negatively impact the future of the Social Security program if adopted. It would allow parents to claim up to 12 weeks of early Social Security benefits as a form of paid family leave following the birth or adoption of a child. To offset the cost, individuals would be required to delay the collection of their Social Security benefits in retirement. Those who take twelve weeks of paid family leave would see their full eligibility ages in retirement increase by as much as twenty-five weeks. .We urge you to be cautious. You should not be charged just for being put on a list. If you receive a contact like this you should call your doctor's office or your local health department to try and verify that such a list exists. .Near the end of the hearing, the focus finally shifted to options for fixing the financing shortfall. Charles Blahous and Robert Reischauer offered some suggestions. Mr. Blahous recommended that Congress gradually raise the age of retirement to seventy, that they reduce benefits progressively by modifying the benefit formula, and that they offer more incentives for workers who delay their retirement. Mr. Reischauer offered similar suggestions, but added that he would like to see the taxable maximum raised to cover 90% of wages. .Last Friday, MedPAC released its most recent report to Congress, and on Wednesday, Mike Miller – MedPAC's Executive Director – testified before the House Ways and Means Subcommittee on Health. At the hearing, he focused on the report's key recommendations, which include maintaining bonus payments for primary care physicians who treat Medicare patients, and increasing financial assistance for low-income beneficiaries. ."Tough choices." When referring to reducing the Social Security deficit, those tough choices boil down to just two choices — raising taxes or cutting benefits. The Social Security Notch is one of our nation's most ignominious examples of how tough Social Security choices went awry. .Meanwhile, Republicans argued that Medicare should not be expanded when its hospital fund is already slated to be insolvent in 2026. .The main bill in the Senate regarding prescription drug prices is one that is authored by Senators Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.). After Trump issued his executive orders, Sen. Grassley said he plans to use the time until the executive orders go into effect to build support for his own prescription drug package which, as we said above, has stalled in the Senate. .Medicare has recently issued a proposed rule that would require, with some exceptions, patients who stay in the hospital two days or less to be classified as observation patients, and those who stay longer to be admitted as an inpatient. But the rule does not require hospitals to tell patients when they are in observation status or allow them to appeal the decision before they leave. Medicare recommends patients who are in the hospital for "more than a few hours" to learn their status. TSCL believes that the rules unfairly burden Medicare patients and their families, and believes that patients have a right to know their observation status and to be given an opportunity to appeal the determination. To learn more, see the publication "Are You a Hospital Inpatient Or Outpatient, If You Have Medicare — Ask!" (CMS No. 11435). .https://www.mayoclinic.org/diseases-conditions/coronavirus/in-depth/covid-19-cold-flu-and-allergies-differences/art-20503981