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Category Issues Soical Security Notch Articles Page 2
Sources: National Health Expenditures 2011 Highlights, Department of Health and Human Services, January 8, 2013. .Seniors and Baby Boomers nearing retirement have every right to object and that doesn't make anybody greedy for doing so. After 1983, when the Social Security Trust Fund began building up reserves, our government proceeded to use all excess funds, and replaced that money with .6 trillion in special non-marketable bonds, or I.O.U.s. Seniors are frequently told those I.O.U.s are backed by the full faith of the U.S. government which has never defaulted on its debt. But now that the U.S. Treasury must borrow to pay the interest due to the I.O.U.s held by the Trust Fund, lawmakers are considering plans that would cut promised Social Security benefits. If a government default on the U.S. savings bonds held by public investors is unthinkable — why is cutting obligations to Social Security beneficiaries any less so? .Is Life Insurance After Starting Social Security Worth the Money? … Continued
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Cost Living Adjustment Completely Taken Part B Premium
Report Says Drug Prices in U.S. Almost 3 Times Higher than Other Countries .Unlike AARP, The Senior Citizens League is a true grassroots organization. Almost one hundred percent of our revenue comes from individual donations, and we do not sell any products to our members. We even refuse outside advertising in our materials. Our sole focus is on education and protection of the Social Security and Medicare benefits senior citizens have earned and paid for. .In his opening statement, HELP Committee Chairman Lamar Alexander (TN) said: "Our focus today is on what happens to the cost of the drug after it is approved by the FDA. We will examine the path an approved drug takes from the manufacturer to patient, and how this path affects what the patient pays … This is a discussion that affects the well-being of every American family. It is important that we work together to conduct this fact finding in a bipartisan way." … Continued
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). .It turns out that PhRMA "spreads that money around to political campaigns across the country as well as other trade groups like the American Action Network (AAN), a conservative dark money group that launched a million ad campaign to defeat the Democrats' H.R. 3 proposal, which would allow Medicare to negotiate lower prices for prescription drugs and cap out-of-pocket drug costs at ,000," again, according to the Salon.com report. .Ask your doctor if you have alternate insulin options to control your blood glucose levels. Novolin may be one of them, and it may be less expensive, but it acts differently than Lantus. Ask your doctor if there are any dietitians working with the clinic who can help you reduce your reliance on Lantus and thus the quantity you need to use. Perhaps you can take a combination of Novolin and Lantus. .This is a major blow to military retirees whose reasons for settling around a military base included getting the health care they were promised when they agreed to serve a career in the Armed Forces. .He announced that he would meet with the drug companies to discuss his plan, but top company executives subsequently refused to meet with him. The drug companies did develop their own proposal but it was rejected by the President. .But one thing is clear: Congress and the President, whoever his is, will have massive issues to deal with, not the least of which will be the future solvency of Social Security and Medicare. Our political leaders have to stop avoiding dealing with these tough issues. They can't continue to "kick the can down the road." .Deficit hawks on Capitol Hill agree that the current inflation index is inaccurate, but instead of adopting a method that actually measures seniors' spending, many have been advocating for an index that would further trim COLAs. The "chained" CPI has been lauded by lawmakers on both sides of the aisle – including President Obama – as a small technical correction that would factor in the substitution that occurs when the prices of certain goods increase. However, since medical care – a major expense for seniors – cannot be substituted for something cheaper, this index would unfairly affect them. After ten years, adopting the "chained" CPI would result in an monthly benefit cut for the average retired couple, and that loss would continue to compound. .According to the IRS, advance payments of the Child Tax Credit will be made from July through December to eligible taxpayers and will be up to 50% of the credit. Advance payments will be estimated from your 2020 tax returns, or 2019 returns if the 2020 returns are not filed and processed yet. .And no matter what critics may say about the dire finances of the Social Security, the government can find the money for Notch Reform simply by cutting waste, fraud and abuse. The General Accountability Office reported earlier this year that government agencies made over billion in improper payments in fiscal year 200Forty-five billion would more than pay for a Notch settlement. TSCL estimates the cost of the Notch Fairness Act to be around billion.
