For more information about the Social Security Administration Fairness Act, visit the Bill Tracking section of our website. For updates on the administration's progress, follow The Senior Citizens League on Twitter. .However, there are several steps an importer would have to take to be certified to import the drugs and they are costly. If the current FDA rules are kept in place it could be that states would not see significant savings in the costs of drugs, or even enough savings to justify the cost of setting up such a program. .As prices. Low COLA & 038; COVID-19 Costs Could Trigger A Medicare Premium Spike When the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2016 would be zero, a stunning thing occurred. The Medicare Trustees projected that the monthly Part B premium would increase by an unprecedented .50 (52%) between 2015 and 2016— from 4.90 to 9.30 per month. What does this have to do with the. Retirement Benefits Could Be Subject To "Inaccurate CPI Information" TSCL is forecasting a 1.3% Social Security cost-of-living adjustment (COLA) for 202Our forecast is based on the most recent consumer price data from the U.S. Bureau of Labor Statistics (through August) and uses the same formula that the Social Security Administration uses to calculate the annual inflation boost. .Elder abuse affects an estimated 14.1 percent of all non-institutionalized older adults each year, and for every case reported, another twenty-three cases go unnoticed. It is a serious and ongoing problem that Congress must tackle as soon as possible in order to ensure the retirement security of seniors. .This week, lawmakers in the House postponed a scheduled vote on the American Health Care Act (AHCA) and leaders made last-minute changes to the text of the bill. In addition, The Senior Citizens League (TSCL) delivered letters to Congress urging leaders to address the looming debt ceiling crisis. .Despite tightening the law, Congress did not fix a policy loophole that would be inadvertently triggered with the passage of comprehensive immigration reform legislation. When determining entitlement for insured status, and when calculating the initial retirement benefit, the Social Security Administration (SSA) uses all reported earnings from covered employment in the United States, even if the earnings were from illegal or "unauthorized" work. (2) .For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter. .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. .TSCL enthusiastically supports the Credit for Caring Act, the Social Security Fairness Act, and the Equal Treatment of Public Servants Act, and we were pleased to see support grow for each one this week. To receive frequent progress updates on these and other Social Security, Medicare, and family caregiving bills, follow TSCL on Twitter.