News

  • The Senior Citizens League Weekly Update For Week Ending November 1 2019

    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." .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. ."If you look at the science across all diseases, you see few outbreaks" on planes, Allen said. "It's not the hotbed of infectivity that people think it is." … Continued

  • Private Medicare Plans Too Costly Congress Told 2

    In addition to a growing number of people affected by the tax, those who are affected pay a growing share of their benefits in taxes as well. The Congressional Budget Office estimates that 52 million Social Security beneficiaries paid 6.7% of their Social Security benefits as income tax in 2014, and projects that will rise in the future to 10% or more. .What Could A COLA of No Less Than 3 Percent Mean For You? .In short, there are two main obstacles to the "Pelosi" bill to lower drug prices: overcoming objections from House Democratic progressives and getting through the Republican opposition in the Senate. … Continued

We gave you the bad news about eating fried foods, which really is nothing very new. But there was some hopeful news last week that we want to pass along. .In short, there are two main obstacles to the "Pelosi" bill to lower drug prices: overcoming objections from House Democratic progressives and getting through the Republican opposition in the Senate. .There are new federal rules that require hospitals to post their pricing information online in order to give patients the information they need to make decisions about their health care. But it turns out that some large hospital systems have been using codes that prevent that information from appearing in online search results. .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." .And then it added this, "In fact, the study found that some patients who see increased drug prices will indiscriminately cut back on all drugs—regardless of how impactful those drugs are on their health. ."Using the chained CPI to calculate COLAs would make the problem even worse," Hyland contends. "The chained CPI is calculated much differently than the Consumer Price Index for Workers (CPI-W), the current CPI, and would have a significant effect on reducing the total amount of lifetime Social Security benefits that people receive," Hyland says. "The data certainly suggests this is the case," he adds. .Today we are going to be hearing from people in their own words about Congress's neglect to help the very citizens we are sworn to serve. .To help with your planning process, TSCL has pulled together a number of resources that can help. Visit TSCL's Retirement Resource Center. .This week, one new cosponsor – Rep. John Garamendi (CA-3) – signed on to the SAVE Benefits Act (H.R. 4012), which was recently introduced in the House by Rep. Alan Grayson (FL-9). If signed into law, the bill would give Social Security beneficiaries a 3.9 percent COLA next year instead of the zero COLA they are expected to receive. It would cover the cost of the emergency COLA and extend the solvency of the Trust Funds by closing a loophole that allows corporations to deduct executive bonuses from their taxes.