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  • How Should Medicare Negotiate Drug Costs Heres What You Told Us

    What is a surviving beneficiary spouse? .The amount spent per person, which increases with age and health changes, and .The CARES Act will not impact payment of Social Security benefits because funding from the projected Social Security payroll taxes will be credited to the Trust Fund. Increased borrowing and increased debt costs may put added pressure on Social Security for changes to improve solvency in the near future, though. … Continued

  • S 500 Keeping Our Social Security Promises Act

    If you have been fully vaccinated: .The President believes tying drug prices in the U.S. to those in other countries will bring down the prices here. However, the effect of his order won't be seen for some time and will only cover certain prescription drugs. The executive order requires that the secretary of Health and Human Services immediately test a payment model for Medicare to pay "no more than the most-favored-nation price," meaning the lowest price paid in other developed countries, for specific "high-cost" prescription drugs and products. .This article focuses on immediate annuities that provide income that starts right away, and lasts over your entire lifetime. (There are deferred annuities that younger investors purchase for later payouts. This type often has a reputation for high sales costs and poor investment performance and is not the topic of this article.) … Continued

Congressmember Karen Bass is serving her sixth term in Congress. She represents Culver City and parts of Los Angeles. .On Thursday, the Joint Select Committee on Deficit Reduction held their second public hearing, which focused on revenue options and reforming the tax code. The Committee heard testimony from Thomas Barthold, Chief of Staff of the nonpartisan Joint Committee on Taxations. .Drug companies and some patient groups have long criticized proposals like this last rule, saying it would reduce innovation and access to certain medications. In addition, drug makers are particularly leery of the approach since Democrats want to use it more broadly to allow Medicare to directly negotiate prices. .Finally, TSCL announced its support for the Safe and Affordable Drugs from Canada Act (S. 64), which was introduced by Senator John McCain (AZ) earlier this week. If adopted, his bill would allow individuals to import their prescription drugs from approved pharmacies in Canada, where they are often a fraction of the price. It would bring much-needed competition to America's prescription drug market, and it would increase access to affordable drugs for all Americans. Chairman Cooper wrote in a letter of support: "TSCL salutes you for introducing legislation that would ensure access to affordable, lifesaving medicines … we lend our enthusiastic support and the support of our membership to the Safe and Affordable Drugs from Canada Act." .If your husband's company had 20 or more employees, and your husband's former employer still has the same health coverage, you and your husband may have the option to temporarily continue to get healthcare coverage under your husband's former employer plan as provided by the Consolidated Omnibus Budget Reconciliation Act (COBRA). That coverage now, however, is likely to be more expensive than it was while your husband was an active employee, and it's only a short-term option. These are two reasons why both you and your spouse should explore other options promptly. .TSCL's legislative team is monitoring the tax reform negotiations closely, and we have serious concerns about several provisions that would impact older Americans, including the following five… .In spite of the coronavirus emergency, TSCL is continuing its fight for you to protect your Social Security, Medicare, and Medicaid benefits. We've had to make some adjustments in the way we carry on our work, but we have not, and will not stop our work on your behalf. .The so-called "Buy American" order could represent a seismic shakeup of the drug industry: No one knows exactly how much of the American drug supply chain is produced abroad, but some experts say that up to 90% of critical generic drugs are made at least partially abroad. .The judge's order stops the implementation of the rule until the completion of the notice and comment process.