Congressional Corner We Need Competition In Prescription Drug Pricing And To Stop Abusive Conduct That Keep Drug Costs High
Are you the parent or spouse of someone with special needs? Permanent life insurance can make sure a child or spouse will have financial support when you are gone. .With only six weeks to go before the December 13th deadline, it remains to be seen which path the budget conference will take. Leaders of the conference announced on Wednesday that the next public meeting will be held on November 13th, but most of the work will likely occur behind closed doors in the coming weeks. Regardless, TSCL will continue to monitor the evolving budget negotiations, and we will post updates here in the Legislative News section of our website. .The measure has bipartisan backing in the Senate, as well as support from some moderate House Democrats. However, it is facing opposition from House leaders who say the legislation is a roundabout way to cut Social Security benefits. … Continued
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In addition, Many Members of Congress have gone on the record saying that they would prefer to pass a short-term spending measure that would provide funding only through March of next year. That way, Republican majorities in both chambers would have more leverage when the issue is revisited. In an interview last week, Rep. Tim Huelskamp (KS-1) stated: "It doesn't make any sense to me to say, ‘Let's negotiate before we have a better position.'" Many lawmakers in the House and Senate seem to feel the same way. .On Thursday, lawmakers in the House began considering legislation (H.R. 1190) to repeal the IPAB, the unelected 15-member board that was created by the Affordable Care Act (ACA) to manage Medicare's growth. The House Ways and Means Committee advanced the bill with a vote of 31-8 two weeks ago, and earlier this week it was approved by the House Rules Committee. .It remains to be seen how long the impasse will last, and whether or not Congressional leaders will lend their support to the bipartisan group's plan. Currently, no clear end to the shutdown is in sight. The Senate will remain in session over the weekend, and Members of the House have been told to stay in Washington for possible votes. The government shutdown should not have any effect on the daily lives of seniors, but TSCL will closely monitor the discussions for any developments, and we will continue to post updates here in the Legislative News section of our website. … Continued
This week, TSCL announced its support for three new bills: the Social Security Safety Dividend Act (H.R. 67), the Medicare Prescription Drug Price Negotiation Act (S. 41, H.R. 242), and the Safe and Affordable Drugs from Canada Act (S. 64). .Even if your income will be slightly higher in 2018 you should apply, because the income and resource limits are adjusted annually and will likely be somewhat higher next year. "Resources " refer to money in checking and savings accounts, stocks, bonds, mutual funds and Individual Retirement Accounts (IRAs). Don't rule out applying just because you own your own home. Your home, car, household items, burial plot up to ,500 for burial expenses per person, and life insurance policies ARE NOT counted as resources. ."Switching to a more slowly growing CPI is not the only change affecting seniors that deficit negotiators are looking at," notes Hyland. "Members of Congress from both parties are already considering changes that would make seniors pay a bigger share of their Medicare, and reducing government Medicaid payments at the same time," he adds. .Recently I got a notice that my bank account was overdrawn. When I checked with the bank, my Social Security direct deposit was never received. I called the local Social Security office and learned that a request in my name was made to switch from my direct deposit account to a prepaid debit card. I never authorized this. How safe are the direct deposits and what can I do to get my money back? .As we said above, the devil is in the details. Rather than signing four "executive orders," the only real executive order was the one on housing. The other three actions are marked as "memorandum," which carries less authority. .What you can do: Contact your Members of Congress and tell them to enact legislation that would ensure you get an emergency COLA in 202Let's tell our Members of Congress that you are asking to receive the 2.5% COLA which was already estimated in the January 2020 Social Security budget baseline by the Congressional Budget Office. You can send an email to your Congressman at www . .Sources: "Congress Kills Social Security Claiming Loopholes," Alicia Munnell, Market Watch, November 11, 2015. .Key Bills Gain Support in Congress .This week, lawmakers in the House and Senate adjourned for a week-long recess. In addition, The Senior Citizens League saw three key Social Security and Medicare bills gain support in the House.