News
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President Biden Signs Bill To Delay Medicare Payment Cuts
Have you had a similar experience? Share your experience with TSCL. .This study illustrates why legislation is needed to provide a more fair and adequate COLA. To put it in perspective, for every 0 worth of groceries a retiree could afford in 2000, they can only buy worth today. To help protect the buying power of benefits, TSCL supports legislation that would provide a modest boost in benefits and base COLAs on the Consumer Price Index for the Elderly (CPI-E) or guarantee that the COLA would be a minimum of 3 percent. To learn more, visit . .National Emergency Stockpile to be Increased … Continued
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Legislative Update Week Ending June 9 2017
On Tuesday – three months later – a panel of three judges rejected the Obama administration's request in a 2-1 decision. They ruled that the state of Texas does have the legal standing to challenge President Obama's executive orders since implementing them will be costly to the state. .Using statistical data from the Social Security Administration, TSCL estimates about 88 percent of Social Security beneficiaries have received benefits during the 2009 – 2015 period and have been impacted the hardest. "With 64 percent of older Americans depending on Social Security for over half of their income, going without a COLA is a loss of income that most beneficiaries simply can't be expected to bear," Cates says. Spiking medical costs are causing retirees to go into debt, and run through their savings," he adds. .The Senior Citizens League enthusiastically supports S. 2553, S. 2387, and S. 974, and we will continue to advocate for their passage on Capitol Hill in the months ahead. For more information about these and other bills that have been backed by The Senior Citizens League, visit the Bill Tracking section of our website. For frequent progress updates, follow TSCL on Twitter. … Continued
TSCL Endorses New COLA Legislation .I believe it is imperative that we fully support programs that protect the nation's most vulnerable, and ensure that they can easily access them in their time of need. The SNAP Simplification for the Elderly Act will make great strides in that direction. .With so many grandparents becoming more involved in the day – to - day care of their grandchildren you may learn that you qualify for other programs that can reduce healthcare, food, and other expenses. We recommend that you take time to try the National Council on Aging's online "BenefitsCheckUp" screening tool to learn about benefit programs in your area. .Another supporter told us: "I was paying 4 for a three-month supply of Aromasin. A few days ago, I discovered the new price would be 8 for three months … Pfizer has raised the price far too high for seniors on Medicare living on fixed incomes." .Physicians should use only those tests that have been authorized by the U.S. Food and Drug Administration, of which there have been about 12 to date, the AMA said. Even then, they should only be used to determine how broadly the virus has moved through the population and for specific information like whether someone can donate convalescent plasma. .By using reconciliation, it would mean there would have to billions of dollars cut from current spending programs, including Medicare. .If Congress considers cuts to the COLA, changes in the benefit formula and increases in the retirement age, special attention will be needed regarding when changes would become effective and how they would be phased-in. The recession is already having a significant impact on the growth of Social Security benefits. If Congress cuts benefits, or reduces the growth in benefits during this slow recovery, it will likely produce a long lasting double-whammy effect for retirees. ."The Senior Citizens League Predicts Social Security COLA May Be Post-Election Deficit-Cutting Target" .We want to assure you that we will try to report the facts as we understand them and keep elective politics out of it.
