News

  • Legislative Update November 2015

    Demographics dictate that Medicare spending will climb in the future as more people become eligible and enroll, and as aging increases the need for more healthcare services. Cutting the growth of Medicare spending without cutting access to affordable care for seniors will be a monumental challenge for Congress. TSCL believes a great deal more can be done to find savings by making the system more efficient and to clamp down on fraud, waste and abuse. .TSCL recently asked their members and supporters how no COLA in 2016 would impact their budgets. "They told us they will struggle to cover the costs of prescription drugs, car repairs, property taxes, rising food costs, and even their most basic needs next year," Cates says. "Simply put, Americans living on a fixed income cannot afford to go without a COLA, and we are concerned about the impact recent years of record - low COLAs will have on the long-term adequacy of benefits for millions of people who depend on COLAs," Cates explains. .This year, The Senior Citizens League has heard from supporters like never before about some extreme costs of prescription drugs. One supporter told us she pays ,800 for a three-month supply of insulin as a type 2 diabetic. She said: "I do not have that kind of money! My doctor has been giving me samples to keep me afloat but I cannot expect him to do that forever … I will have to sell my house to pay for insulin." … Continued

  • Congressional Corner Protecting Expanding Retirement Security Youve Earned

    The Senate amended and passed the bill 90-2 on March 25, with two Republican Senators voting against it. .TSCL Announces Support for New Bill .This week, two new cosponsors signed on to the Strengthening Social Security Act (S. 567 and H.R. 3118), bringing the total up to three in the Senate and thirty-nine in the House. The new cosponsors are Sen. Sherrod Brown (OH) and Mark Pocan (WI-2). If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous benefits; it would adopt the Consumer Price Index for Elderly Consumers (CPI-E), resulting in more accurate cost-of-living adjustments (COLAs), and it would lift the cap on income subject to the payroll tax. The Strengthening Social Security Act would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. … Continued

This week, action on Capitol Hill remained slow as the fall recess continued. .TSCL enthusiastically supports H.R. 1391 since it would strengthen the program without cutting benefits for seniors. We were pleased to see support grow for it this week. .Expanding Medicare coverage to include dental care. Millions of seniors are afflicted with age-related oral health issues. Yet under current law, the Medicare program is prohibited from covering most routine and emergency dental procedures, including fillings, root canals, extractions, and cleanings. The Medicare Dental Benefit Act (S. 22) would expand Medicare Part B coverage to include basic dental services and ensure that older Americans have access to the primary and preventive care that is needed to ensure good health in retirement. .According to TSCL estimates, benefits are now 13% lower this year than if inflation had remained the more typical 3% for retirees who have been receiving Social Security since 2009 when the low COLAs started. A Social Security benefit of ,000 in 2009 is about 2 per month lower today than if COLA had been the more typical 3%, with a total loss of about ,697 in Social Security benefit growth over the past seven years. Over the same period, however, actual senior costs have continued to climb. Some 72% of retirees who participated in TSCL's 2016 Senior Survey reported that their monthly expenses had gone up by more than in 2015, despite the lack of growth in inflation. .Susan's mother started taking the prescription drug Eliquis last year, that will cost her mother about ,244 out-of-pocket in 2019 for that drug alone (she takes five other generics). Last year, the cost of Eliquis pushed her mom into the Part D doughnut hole where out-of-pocket costs were higher. Rising costs of the drug in 2019 will mean her mom will hit the doughnut hole a month sooner this year. .Proponents of the measure, which include some Democrats, say that addressing the projected shortfalls now would prevent draconian cuts or tax hikes later. The legislation would create congressional panels mandated to draft bipartisan legislation that restores solvency of the trust funds, and the bills would receive fast-track consideration in each chamber. .Sources: "Income of the Population 55 or Older," 2008, Social Security Administration. "Health Care On A Budget," Kaiser Family Foundation, June 2011. .Recently we received the following from one of our readers: .In May, I introduced bipartisan legislation with Rep. Joe Heck (NV-R). Our plan, the Medicare Physician Payment Innovation Act (H.R.5707), ends the broken physician reimbursement system and replaces it with a new, long-term plan that will treat physicians fairly, improve patient outcomes, and reduce costs in Medicare. It also sets us on a long-term path toward greater quality, value, and fiscal responsibility in Medicare and will save billions for taxpayers over the long run. This bill has been endorsed by the Fleet Reserve Association, American Academy of Family Physicians, American College of Physicians, the American Geriatrics Society, and other leading organizations.