Legislative Update November 2017
Social Security provides the income and access to health care that seniors rely on each and every day. They are benefits my generation has earned – and future generations have been promised. We must work together and make sure our country keeps this promise. .The Centers for Medicare and Medicaid Services said the rule would be mandatory and will focus on 50 single source drugs and biologic drugs that comprise the largest majority of Medicare Part B drug spending. .Debt among older Americans is rising and affecting a growing number of retirees. According to the Survey of Consumer Finances, the percentage of households with debt headed by an adult age 65 and older increased from 41.5% in 1992, to 60% in 201Medical debt poses the biggest challenge over the course of a retirement. … Continued
Legislative Update For Week Ending November 16 2012
By U.S. Representative Allyson Schwartz (PA-13) .Between age 55 and 64, it's as if our body's warranty expires and everything just crashes. By the time we turn 65 and eligible for Medicare, chances are we may have a chronic health condition that requires regular check-ups. Often, it's insidiously hard to tell whether a problem really is serious or whether it's just a "natural part of growing older," which in any case feels just as crummy. .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
On Tuesday – three months later – a panel of three judges rejected the Obama administration's request in a 2-1 decision. They ruled that the state of Texas does have the legal standing to challenge President Obama's executive orders since implementing them will be costly to the state. .This week, House and Senate lawmakers remained in their home states and districts for a week-long spring break. They are expected to return to Capitol Hill on Monday, March 25th. Until then, many Members of Congress will be hosting town hall meetings and attending events in their home states and districts. .One of the concerns last fall and winter was knowing whether someone might have the seasonal flu, a cold, or the coronavirus. As it turned out, seasonal flu was almost non-existent, and colds were also way down. .There are three factors that affect your final benefit amount: .The Kaiser Family Foundation estimates that the number of beneficiaries that will be required to pay the increased Medicare premiums will almost triple over the next decade rising from five percent of beneficiaries in 2011 to 14 percent in 2019 due to the expansions of "means testing" in the PPACA. By 2019 one out of every five new enrollees will have to pay higher premiums. The Senior Citizens League strongly opposes the "means test" and supports efforts to repeal it. To learn more, please visit . .The rule would require drug companies to give Medicare beneficiaries rebates that now go to insurers and PBMs. The nonpartisan Congressional Budget Office estimates it would increase taxpayer costs by 7 billion over 10 years. .Members of Congress adjourned for the holiday recess this week, with the Senate returning on Thursday to resume Fiscal Cliff negotiations. .Stories About High Drug Costs Lead To Congressional Investigation of Pharmaceutical Pricing .However, many lawmakers on Capitol Hill were satisfied with the court's ruling. Rep. Bob Goodlatte (VA-6) – Chairman of the House Judiciary Committee – said, "President Obama's executive overreach on immigration poses a clear and present danger to our constitution and I am pleased that the president's actions continue to be halted so that the states' lawsuit can continue to move forward."