Using Generic Drugs Could Save Billions Of Dollars
The extra time was needed because although both houses of Congress were finally able to pass the needed legislation, the bill was nearly 5,600 pages in length. It is probable that no member of Congress actually read the entire bill and likely very few Congressional staff members read it either. .This is a major blow to military retirees whose reasons for settling around a military base included getting the health care they were promised when they agreed to serve a career in the Armed Forces. .The costs shown in the chart below assume coverage started on September 1, 201Costs include premiums, deductibles, and out-of-pocket cost sharing for 201Costs are estimates, and actual costs may vary somewhat depending on the pharmacy. The prices in our chart are likely to change for 2018. … Continued
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A new online survey by The Senior Citizens League (TSCL) finds that older Americans overwhelmingly want Congress to take action to lower the cost of prescription drugs by reducing Medicare Part D's out-of-pocket spending requirements. Fifty-six percent of participants in the survey indicate that they spend more than 2 a year on prescription drugs. About one-out-of-five retirees spends more than 0 per month on prescription medications. .TSCL believes a better approach to Medicare Advantage "risk adjustments" is needed, and should be written into law, rather than left to the discretion of politically appointed Medicare administrators. Congress could do this by writing a method for calculating the adjustment into the law. This approach would make payment for MA plans more like payment for other Medicare providers. .Assistance in paying for low cost home weatherization to make your home more energy efficient. … Continued
In 2016 there was no COLA at all, and in 2017 the COLA was just 0.3 percent. During that time a special provision of law known as "hold harmless" protected about 70 percent of Social Security recipients from reductions to their Social Security benefits due to increasing Medicare Part B premiums. .Because of the high air exchange rate, it's unlikely you'll catch the coronavirus from someone several rows away. However, you could still catch the virus from someone close by. .I Thought My Co-pay Would Be Why Did I Have To Pay 3.45? .This week, the Social Security Administration (SSA) revealed that it has been overpaying almost half of all Disability Insurance (DI) enrollees, and The Senior Citizens League (TSCL) saw one key bill gain critical support. .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. .Health care for seniors is also one of the top issues on our agenda at TSCL and we have been talking to Congressional offices about our concerns. That's why we were happy to see progress this week regarding the issue of surprise medical billing. Surprise billing has been a real problem for some seniors who have Medicare Advantage. It's an issue that TSCL has been discussing with Congress and that we've written about for the last few weeks. .House Democrats did not pre-negotiate terms with the GOP-Senate or the White House, so it is unlikely that the bill, called the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act will become law in its present form. Senate Majority Leader Mitch McConnell (R- Ky.) has already pronounced the bill dead. But most observers believe it is the opening bid on the part of the House leaders to begin a process that will eventually lead to a fifth virus-related relief bill. .Medicare supplemental or Medigap policies tend to charge higher premiums, but cover most or all of the co-insurance costs for brief hospitalizations or doctor visits and other Medicare covered services. Medicare Advantage plans generally work in just the opposite fashion. Currently premiums are very low, but there could be considerable out-of-pocket co-payment costs should you require health care services. .In addition, one new cosponsor signed on to the Strengthening Social Security Act (H.R. 3118), bringing the total up fifty-two. The new cosponsor is Rep. Mike Quigley (IL-5). If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt the Consumer Price Index for Elderly Consumers (CPI-E), resulting in more accurate cost-of-living adjustments (COLAs), and it would lift the cap on income subject to the payroll tax. The bill would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors.