News
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October 2013 Reuters
Benefit formula cuts: Change the benefit formula reducing benefits for new retirees with both high and average earnings. .The following Members of Congress, among others, will hold town hall meetings this week: Sen. Joni Ernst (IA), Sen. Jerry Moran (KS), Sen. Bill Cassidy (LA), Sen. Charles Grassley (IA), Sen. Angus King (ME), Rep. Joe Barton (TX-6), Rep. Joyce Beatty (OH-3), Rep. Brett Guthrie (KY-2), Rep. Doug Lamborn (CO-5), Rep. Michael McCaul (TX-10), Rep. Steve Stivers (OH-15), Rep. Hakeem Jeffries (NY-8), Rep. Brad Sherman (CA-30), Rep. Justin Amash (MI-3), Rep. Bradley Byrne (AL-1), Rep. Danny Davis (IL-7), Rep. Patrick McHenry (NC-10), Rep. Robert Scott (VA-3), Rep. Sanford Bishop (GA-2), and Rep. Dave Brat (VA-7). .Major findings: … Continued
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Whats Next For Social Security And Medicare
When asked how Congress should address the lack of coverage, 79 percent of poll respondents said Medicare coverage should be expanded, while 14 percent said private Medicare Advantage plans that sometimes cover more of these services should be better promoted. Only 7 percent of respondents said Medicare's coverage of dental, vision, and hearing services should remain unchanged. .Social Security is the largest single source of income for older Americans, providing the majority of income for half of retirees, and at least 90% of income for 18% of retirees, according to another think tank, the Center on Budget and Policy Priorities. .Traveling through the beautiful farmlands of early primary states, you can find the self-proclaimed champions of socialized medicine amid the flashes of cameras on the campaign trail. If you keep driving through, you'll see the harsh reality beyond presidential candidate photo-ops. You'll see the more than 100 rural hospitals that have closed in the United States since 2010, including two in my district in the last year alone. … Continued
TSCL enthusiastically supports the bills mentioned above, and we look forward to helping build support for them in the coming months. .In setting prices, drug makers rarely acknowledge the considerable federal funding and research that have helped develop their products; they have not offered taxpayer-investors financial payback. .(Washington, DC) – Older Americans are not to blame for an exploding federal budget deficit warns The Senior Citizens League. "Congress can't cut taxes by an estimated .7 trillion and then turn around and blame rising deficits on ‘entitlements' and aging," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League. .Separately, the House Ways and Means Committee Means Committee approved the largest expansion of Medicare since the addition of drug benefits two decades ago. .To see if your Members of Congress will be holding town hall meetings during the spring recess, click HERE or call their local offices. You can find contact information HERE. .Why Does My Doctor's Office Need to Call My Insurer Before Scheduling a CT Scan? .Require Medicare beneficiaries to pay a higher portion of the Part B premium. Premiums for Part B cover physician and hospital outpatient services. The premiums of most seniors, those with incomes under ,000, equal 25 percent of Medicare's total cost of services, and the federal government covers the other 75 percent of the cost. This proposal would require seniors to pay 35 percent instead - like higher-income seniors do now. The 2010 Medicare Trustee report estimates that Part B premiums at the 35% level would be 9.30 per month in 2012. .This is a much longer legislative update than usual but there is a lot of information about the pricing of prescription drugs that we believe is important for you to know and that you might be interested in. .TSCL strongly supports passage of the waiver legislation because of the potentially severe negative consequences they would eventually have on Medicare patients.
