News
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Time To Pass An Emergency Cola
Clobetasol propionate is one of four medications that accounted for the most significant generic price increases in 2014 according to information on the website of pharmacy benefit manager Express Scripts. The steep climb in generic drugs prompted a Senate hearing last year. The prices of more than 1,200 generic medications increased an average of 448 percent between July 2013 and July 2014, according to Senator Bernie Sanders (I-VT), ranking member of the Senate Subcommittee on Primary Health and Aging. .Airlines frequently note that commercial planes are equipped with HEPA filters, the Centers for Disease Control-recommended air filters used in hospital isolation rooms. HEPA filters capture 99.97% of airborne particles and substantially reduce the risk of viral spread. In addition, the air in plane cabins is completely changed over 10 to 12 times per hour, raising the air quality above that of a normal building. .This week, four new cosponsors signed on to Congressman John Garamendi's (CA-3) bipartisan Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1251), which would base the Social Security cost-of-living adjustment (COLA) on a more fair and adequate inflation index if adopted. The new cosponsors are Congressmen Marc Veasey (TX-33), Gregorio Kilili Camacho Sablan (MP), Vincente Gonzalez (TX-15), and Andre Carson (IN-7). The cosponsor total for H.R. 1251 is now up to forty-three. … Continued
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Legislative Update Week Ending September 28 2018
Under current law, noncitizens who gain temporary work authorization can qualify for long-term Social Security benefits based on work that was done, prior to gaining authorization, under invalid Social Security numbers. Once they receive green cards, they become entitled to benefits based on prior "illegal" work. If elected, would you support legislation to modify this policy? .What To Do When You Can't Afford Your Drug Costs .According to the Center for Public Integrity, one of the nation's oldest nonpartisan investigative news services, home visits have risen sharply at many Medicare Advantage health plans. While visiting nurses and doctors don't offer any treatment during these visits, they do report exam findings to the patient's primary care doctor. Insurers say the free annual physicals offer a new benefit to help certain health plan enrollees stay fit and in their homes as long as possible. But critics, including some Members of Congress, are concerned the visits may be padding Medicare's bill. … Continued
Cost-of-Living Adjustments (COLAs) have languished at exceptionally low levels in recent years. Administration officials and economists point to the sluggish economy and recent economic recession as the reason. But government tinkering with the consumer price index (CPI) is playing an enormous role in reducing the measured rate of inflation, in turn cutting the growth in Social Security benefits. .If you do not wish for your mailing address to be shared with other reputable companies, please provide us with your exact name and address and we will be sure that your name is removed from the list we share with other organizations. .Yet, millions of your fellow Americans, receive below poverty level checks adding to the wealth disparity and further eroding the middle-class. .TSCL is continuing to work hard for any and all legislation that would accomplish those goals. .The new low comes as COLAs have flat-lined over the past seven years, averaging just 1.2% — less than half the 3% average over the two decades prior to 20The long-term financial impact on anticipated retirement benefits is significant and growing, says TSCL's Executive Director, Shannon Benton. "People lose the effect of compounding when benefit raises are at these extreme lows," she explains. "That reduces the Social Security income that retirees may have been counting on over their retirement." .Here is an example from the SSA's Inspector General audit report: A beneficiary had been entitled to spousal benefits since February 200The beneficiary had not received retirement benefits (based on her own earnings) and earned delayed retirement credits between full retirement age and age 70. In January 2010, the beneficiary attained age 70, was eligible for a 5 monthly retirement benefit and was receiving a 9 monthly spousal benefit. Had SSA notified the beneficiary she was eligible for the higher retirement benefit, once she applied for those benefits, she could have received an additional ,345 from January 2010 through July 2013. .However, there is concern that it could make it even harder to obtain supplies critical to combating the pandemic, such as personal protective equipment, testing supplies and even medications to treat coronavirus patients. .This week, lawmakers on the House Budget Committee approved a fiscal 2017 budget resolution after weeks of negotiations, and The Senior Citizens League's (TSCL's) Board of Trustees met with several Members of Congress on Capitol Hill to discuss critical Social Security issues. .Although immigration law forbids work without authorization, immigrants do find jobs and employers report their earnings to SSA. Currently there are no official published data on the amount of money paid into the Social Security system by aliens whether legal or illegal.(5) Social Security's Chief Actuary, Stephen C. Goss, however, has been quoted in the news media as saying that about three quarters of "other–than–legal" immigrants pay payroll taxes.(6)
