Issues Medicare Means Testing
This week, one new cosponsor – Rep. Gregorio Kilili Camacho Sablan (MP) – signed on to the Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1030), bringing the total up to twenty. If signed into law, the CPI-E Act would base the Social Security COLA upon the spending patterns of seniors. Currently, it's based upon the way young, urban workers spend their money – a method that underestimates the spending inflation that seniors experience each year. .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. .Finally, one new cosponsor – Rep. Alcee Hastings (FL-20) – signed on to the Medicare Physician Payment Innovation Act (H.R. 574) this week bringing the total up to thirty-seven. If signed into law, H.R. 574 would repeal and replace the sustainable growth rate (SGR), which is the flawed formula that is currently used to determine reimbursements for physicians who treat Medicare patients. Adopting H.R. 574 would bring increased stability to the Medicare program for both physicians and beneficiaries. … Continued
Weekly Update For Week Ending August 30 2020
But it turns out the Democrats are not quite as united as that statement makes it sound. Ten members recently sent a letter to House Speaker Nancy Pelosi (D-Calif.) expressing concerns about the drug pricing legislation as written. .TSCL is opposed to this new rule. It is not possible to reduce the costs of prescription drugs by taking actions that end up making those who need the drugs pay more. .It's also important to note that airplanes' high-powered filtration systems aren't sufficient on their own to prevent outbreaks. If an airline isn't keeping middle seats open or vigilantly enforcing mask use, flying can actually be rather dangerous. Currently, the domestic airlines keeping middle seats open include Delta, Hawaiian, Southwest and JetBlue. … Continued
The TSCL survey found that, to improve Medicare's finances, seniors strongly support ramping up anti-fraud efforts, and better integration of care to reduce duplications of tests, services, and expensive imaging. What do you think? Take a poll. Visit TSCL's website at . .TSCL will continue to keep the pressure up on Congress to get this problem solved as soon as possible. .What is likely to happen if the test is not done? .Get free one-on-one counseling. If all this makes you want to run away screaming, but you still have questions, just call your State Health Insurance Program (SHIP). You can get free one-on-one Medicare benefits counseling that can help you check your drug plan and figure out your charges. Many of these programs operate through local area agencies on aging. You can find local contact information at this website: https://www.shiptacenter.org. .The Senior Citizens League supports legislation that would allow Medicare to negotiate drug prices, and limit drug price increases to the rate of inflation. .Take Our TSCL Monthly Poll .TSCL Tells Congress —"Leave Social Security and Medicare out of Budget Negotiations" .However, leaders in the House postponed the vote and the discussion grew complicated after President Obama made a last-minute request to include funding for the training of Syrian rebels in the CR. "This is substantive policy change … Of course I would rather pass a clean, simple CR," said Rep. Mike Rogers (MI-8), chairman of the House Intelligence Committee, following the President's request. .The Senate bill also would change Medicare Part D by adding an out-of-pocket maximum for beneficiaries of ,100 starting in 202No such out-of-pocket cost cap currently exists. According to our 2019 Senior Survey, about one-in-five survey participants report out-of-pocket spending this high for prescription drugs. Advisor editor Mary Johnson estimates that this legislation would protect almost 14 million Medicare beneficiaries from out-of-pocket drug costs exceeding ,100 in the first year of enactment if signed into law.