Category Legislative News Page 59
Every year since the late 1990's, Congress has ‘balanced' the budget by declaring a pay cut to doctors' Medicare services. Every year, after the budget for the next year is revealed, this cut is rescinded. .Some 13% of the people who receive both Medicare and Medicaid are 85 and older. The youngest Notch Babies turn 85 this year, while the oldest turn 9That's approximately 1.17 million. TSCL believes that roughly one quarter of Notch Babies receive Medicaid as well as Medicare. .Enrollees in Medicare Advantage (MA) plans should take a careful look at changes in their health plan for 201These Medicare health plans have new leeway to offer new supplemental benefits. While some of the new benefits may be valuable to some families, other changes, which give plans greater leeway to "tier" the co-pay structure for healthcare providers, may mean higher out-of-pocket costs when non-preferred or out-of-network providers are used. … Continued
Category Best Ways To Save Page 6
As prices increase, those who depend on Social Security benefits experience a decline in the buying power. In fact, according to my research, Social Security benefits have lost 30% of buying power over the past 20 years. For some retirees, that means a decline in their standard of living. .The bill, known as the Grassley-Wyden bill, would create a rebate system in Medicare Part B and Part D beginning in 2022 for brand-name drugs and biological products with prices that increase faster than inflation. Conservative groups and some Senate Republicans have opposed the rebate system for Part D, the prescription drug benefit program, but not for Part B, the outpatient services program. . Send an email to your Members of Congress. This is an election year, and the last thing they want to hear is that health insurers are blaming COVID-19 for the steep price increases. You can get email addresses on TSCL's website here: http://wfc2.wiredforchange.com/o/8854/p/dia/action4/common/public/?action_KEY=10560. Or, you can look up your Representative and send emails at: www.house.gov and Senators at: www.senate.gov. … Continued
The age at which you stop working. .The poll, which was conducted in September and October of this year, during the debt limit budget standoff, found that respondents voted higher and more fair COLAs as an even greater priority than "Preventing 20% Social Security Disability Insurance benefit cut" or "increases in Medicare premiums and cost-sharing"— two provisions which were passed in the recent debt deal. .If you would like to continue receiving these press releases via email, please send your email address to [email protected] .The new bill would reform the health care system in several ways if adopted. It would remove the ACA's individual and employer mandates, modify tax credits so they would be based on age instead of income, create a new penalty for individuals who do not maintain continuous health insurance coverage, and allow health insurers to charge older Americans five times more than they charge younger folks for their coverage, making health insurance unaffordable for millions of seniors who are not yet eligible for Medicare. .Last Friday, lawmakers in the House and Senate adjourned for a week-long recess. They are expected to return to Capitol Hill on Monday, May 9th. In the meantime, many Members of Congress will be attending local events and holding town hall meetings, presenting constituents with an excellent opportunity to have their most pressing questions answered. .Lawmakers Avert Government Shutdown .To stay updated on the progress of prescription drug legislation, check back every Friday morning to read our weekly Legislative News summary. .How much would chaining the COLA cost you? Use TSCL's new Chained COLA Cut Calculator to calculate your loss. .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.