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Congressional Corner By Us Representative Dennis A Ross Fl 12
This week, The Senior Citizens League (TSCL) successfully hosted its first ever town hall meeting. Meanwhile, action on Capitol Hill remained slow as Members of both Houses of Congress remained in their home states and districts for the August recess. .America's seniors deserve a secure retirement without the constant worry of how to make ends meet. Washington should be helping in this effort, not making it harder. But that's not what's happening. .Ensure that rebates drug makers now pay to benefit managers and insurers get passed directly to patients when they buy a medication. The White House last year withdrew an earlier version of the proposal, after the Congressional Budget Office estimated it would cost taxpayers 7 billion over 10 years. … Continued
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Nearly Half Of Retirees Say Their Savings Did Not Recover By End Of 2020
The conclusions of this study were echoed by a different study published in the medical journal Neurology. .We could, alternatively, allow Medicare to negotiate drug prices — a proposal that has been raised by politicians and beaten back by industry again and again. We would then need to restrict markup for a COVID-19 vaccine for the private market. Otherwise, we would get the kinds of results emerging from the COVID testing industry, where Medicare pays 0 for the test but some labs charge insurers over ,000. .If you do not want to receive e-mails from us in the future, please unsubscribe here. … Continued
The new effort could be part of a second package later this year and TSCL will closely examine the legislation once it is finally developed to see if it accomplishes our goals and whether we can support it. .The COLA also doesn't reflect cost increases in Medicare premiums and other rapidly growing Medicare costs. Research for The Senior Citizens League has found that Medicare Part B premiums are one of the fastest growing costs in retirement. Medicare Part B premiums, which are automatically deducted from Social Security checks, often consume most, or even all, of the COLA increase. .Financial Management, Challenges in Meeting Requirements of the Improper Payments Information Act, GAO-05-417, March 200"Annual Statistical Survey 2004, Social Security Administration, Table 5.A.1. .Over the past five years, the Social Security cost-of-living adjustment (COLA) has reached an all-time low, averaging just 1.5 percent. Seniors, however, have reported that their living expenses are higher than ever. In fact, The Senior Citizens League (TSCL) has found that seniors have lost almost one-third of their purchasing power since 2000, and their expenses have increased more than twice as fast as the annual COLA. Today, it is more clear than ever that the Social Security COLA is failing to help seniors keep up. .The FDA has also seen unauthorized fraudulent test kits for COVID-19 being sold online. Currently, the only way to be tested for COVID-19 is to talk to your health care provider. .More Veterans Could Get Covid-19 Vaccinations .Nutritious food through the Supplemental Nutrition Program (SNAP). .I'm Entitled to a Pension for Work as a City Cop… .You will still need to follow guidance at your workplace.
