Category Legislative News Page 55
In fact, generic medicines represent around 90 percent of all prescriptions dispensed in the U.S., and we depend on China for 80 percent of the core components to make our generic medicines. .This week, Members of Congress returned to their home states and districts for a week-long recess to celebrate the Thanksgiving holiday. They are expected to return to Capitol Hill on Monday, November 28th, to resume the lame-duck session. .The explosive cost of specialty drugs, that offer major treatment advances for people with life-threatening diseases, is not only threatening access to these treatments, but threatens to drain retirement savings, and leave widows and widowers in poverty after the death of a spouse. Unlike Medicare Advantage plans, and health insurance plans covering working-age adults, Medicare Part D has no annual out-of-pocket maximum to protect people with the highest drug costs. … Continued
Ask The Advisor June 2019
Medicare is structured to pay more to providers based on how sick people are — not on making them well. Yet about one-half of all adults have at least one chronic condition, which is not only the most costly type of health problem to treat over time, but also the most preventable. .The age at which you start Social Security is for most people the biggest financial decision you will ever make. But according to TSCL's annual Senior Survey, 71% of survey participants said that prior to starting Social Security benefits, they had no idea of the amount of money they could expect over a typical 20 to 30 year retirement. That lack of financial information can have big consequences for your standard of living in retirement, your success at making your retirement finances last, and ultimately how much you enjoy retirement. .You will still need to follow guidance at your workplace. … Continued
This week, one new cosponsor – Rep. Robert Scott (VA-3) – signed on to Rep. Peter DeFazio's (OR-4) Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1030). The cosponsor total is now up to ten. If signed into law, Rep. DeFazio's bill would base the Social Security COLA upon the spending patterns of seniors. Currently, it is based upon the way young, urban workers spend their money – a method that underestimates the spending inflation that seniors experience. A study conducted by TSCL in 2012 found that seniors have lost 34 percent of their purchasing power since 2000 – a clear sign that the current COLA is growing too slowly. .Now, another warning has been issued that some sanitizers made in both the U.S. and China contain benzene, a chemical known to cause blood cancers such as leukemias. .Social Security defines an overpayment as "any time beneficiaries receive more than they should have." This occurs for a number for reasons, but most frequently when Social Security isn't notified of changes, such as a death of a beneficiary or excess earnings when working. Overpayments can also be due to errors by the Social Security Administration, but even when the overpayments are Social Security's own fault, the beneficiary must prove he or she is not at fault. .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. ."Hello seniors!" the voice bellows. "Medicare covers a remarkable new device that can give you freedom from lower back pain! Hold the phone to find out how to get your free, Medicare-covered back brace. " While free usually sounds good, this call is worse than a pain in the lower backside. It's. Feds Bust 243 People In Biggest Medicare Fraud Yet In what the U.S. Department of Justice is calling the largest nationwide crackdown on Medicare and Medicaid fraud ever, some 243 people were recently arrested and charged for bilking Medicare out of 2 million. Those charged include 46 doctors, nurses, and other licensed medical professionals. .Learn how the "anchoring effect" may impact choosing the age to claim Social Security benefits here: "What's Secretly Sabotaging Your Finances? — Your Brain" .By Representative Al Lawson (FL-05) .TSCL is particularly concerned about adding significant new long-term permanent costs to Social Security and Medicare by providing temporary work authorization to millions of people who worked illegally prior to gaining authorization. The high degree of uncertainty about the potential future costs was made evident months before Obama ever announced the executive action in November of last year. .DeSantis' claim that airplanes have not been "vectors" for the spread of the coronavirus is untrue, according to experts. A "vector" spreads the virus from location to location, and airplanes have ferried infected passengers across geographies, making COVID-19 outbreaks more difficult to contain. Joseph Allen, an associate professor of exposure assessment science at Harvard University called airplanes "excellent vectors for viral spread" in a press call.