The fundamental fact is that two-thirds of Americans over the age of 65 depend on an average annual Social Security benefit of ,400 for at least half of their income. Yet little consideration has been given so far to the fact that earned income in excess of 3,700 is entirely exempt for the 6.2 percent payroll tax that funds Social Security benefits. TSCL believes that by raising the maximum wage ceiling Congress could significantly reduce the financial crisis facing the system, without causing financial hardship. .A majority of those at this week's hearings, however, were strongly opposed to the IPAB. Multiple Members referred to it as the "denial of care board," and Ranking Member of the Energy and Commerce Committee Frank Pallone (NJ) called it the fruits of a "growing, imperialistic presidency." Critics believe that it will undermine Congress's ability to represent their constituents, and that elected officials — not a Board of Presidential appointees — should be legislating healthcare policy. .Some policy analysts argue that the "chained" CPI is more accurate, but the Congressional Budget Office has stated that using that index has limitations. Unlike the conventional consumer price index in which final data from one month to the next is available in about two weeks, final data for the chained CPI isn't available until well over a year and a half. "That means preliminary estimates that are subject to error would have to be used for indexing," Johnson explains. .Back in 2010, before Obamacare became law, the President made the following promise to the public: "If you like your doctor, you will be able to keep your doctor. Period." Fast-forward four years, and many seniors enrolled in Medicare Advantage – the privately-run alternative to traditional Medicare – are finding themselves doctor-less. As it turns out, yet another Obamacare promise has been broken. .Another Broken Obamacare Promise – This One Hits Medicare .He said the out-of-pocket costs that patients are paying need to be fixed and that pharmaceutical company executives would be willing to help cover the cost of such reform. However, he said they want to ensure their contributions would go directly toward lowering patient costs and not into the federal budget to be used for other things. .Take Our TSCL Monthly Poll .However, the statisticians behind it at the University of Washington have since changed their methods, and they now estimate that doing away with social distancing measures could entail vast numbers of deaths, and that widespread mask-wearing in public could save tens of thousands of lives. .Government officials, like the head of the Department of Veterans Affairs, can opt out of buying American drugs if the product is not produced "in sufficient and reasonably available commercial quantities" in the United States or buying the product in America would raise procurement costs by 25 percent.