News
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Legislative Update For Week Ending October 16 2015
The Congressional Budget Office (CBO) projects that spending for Social Security, Medicare, other major healthcare programs, defense, and interest payments alone would require every dollar of revenue in about eight years, leaving nothing left over for the rest of the federal budget. The CBO further says that federal debt cannot grow faster than the nation's output indefinitely without causing long-term damage to the government's finances and broader economy. .August Congressional Recess Continues .After a much-anticipated election and an action-packed lame-duck session, the 113th Congress has officially begun and The Senior Citizens League (TSCL) is gearing up for a busy year. Although the November election did not drastically alter the makeup on Capitol Hill, TSCL is expecting many new successes and challenges to arise. With the election finally behind them, lawmakers are able to focus on some of the complex policy issues that sit high on their agendas, like deficit reduction, immigration reform, and comprehensive tax reform. … Continued
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Medicare Premiums May Soar 22 Next Year
This week, TSCL's legislative team, which is led by former Congressman David Funderburk and Mrs. Betty Funderburk, met with several Members of Congress and their top staff to discuss issues of critical importance to seniors. The following bills, among others, were discussed this week: the Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1030), the CPI for Seniors Act (H.R. 2154), the Social Security Fairness Act (H.R. 1795), the Notch Fairness Act (H.R. 155), the No Social Security for Illegal Immigrants Act (H.R. 2745), and the Medicare Physician Payment Innovation Act (H.R. 574). .In a statement that was released on Thursday, Mary Johnson – Policy Analyst for The Senior Citizens League – said: "The bottom line is that Medicare Part B premiums rise several times faster than COLAs, and those premiums are now high enough to cause the net Social Security benefits of millions of people to remain flat for years at a time … This would make the fourth year in a row that this particular group has not seen a boost in their net Social Security benefits." .For more information about town hall meetings near you in the days ahead, call the local offices of your Members of Congress. For contact information, click HERE. … Continued
It came in the mid-1950s, before health insurance for outpatient care was common, before new drugs were protected by multiple patents, and before medical research was regarded as a way to become rich. It was not patented because it was not considered patentable under the standards at the time. .However, a new analysis by the Bipartisan Policy Center was just released that has its own updated forecast that includes the effects of the pandemic. .You should still watch out for symptoms of COVID-19, especially if you've been around someone who is sick. If you have symptoms of COVID-19, you should get tested and stay home and away from others. .Here's an example of how it might work: Let's say your husband was entitled to a benefit of ,400 or ,450 per month. Since he was at his full retirement age there are no reductions. You learn that your full retirement age benefit at age 66 would be about ,195, and by age 70 it grows to about ,640. In this case taking a reduced widow's benefit now and letting your own benefit grow due to the delayed retirement credit may potentially work as long as your earnings don't completely offset your benefits. .I read that the Medicare Part D doughnut hole is closing. What does that mean? I recently started on Lantus insulin, which my drug plan covers, but with the other drugs I take, I expect to hit the doughnut hole with my April refill. .(Washington, DC) – The Senior Citizens League (TSCL) is calling on Congressional leadership to lift the federal budget debt ceiling and prevent a default on the federal debt — including the debt held by the Social Security Trust Fund. "Congressional inaction on the debt ceiling is a growing concern, " said TSCL in a letter to House and Senate budget leaders. "In prior debates to lift the debt ceiling, Social Security benefits have been used as a bargaining chip, and retirees have seen unexpected benefit cuts," the letter states. .The first few months of this year were spent encouraging lawmakers to re-introduce critical legislation. So far, TSCL's most vital bills have been re-introduced, including the Consumer Price Index for Elderly Consumers (CPI-E) Act, the Notch Fairness Act, the Social Security Fairness Act, and the Medicare Physician Payment Innovation Act. More recently, TSCL's focus has shifted to building support for these and other bills, and already, many legislators have signed on to them as co-sponsors. .Legislation to Control Drug Prices Possible This Year? .Recently we heard from Susan Gross, a 66-year old retired office assistant living in Central Virginia, who spends most of her day caregiving. Her 46-year-old son. who is disabled from cerebral palsy, lives with her, as does her mother, who is now 9All three receive their healthcare coverage through Medicare.
