News
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Q A October 2020
Sources: "Humana Inc. Overcharged Medicare Nearly 0 Million, Federal Audit Finds," Fred Schulte, NPR, April 20, 202"Insurers Running Medicare Advantage Plans Overbill Taxpayers By Billions As Feds Struggle to Stop It," Fred Schulte and Lauren Weber, Kaiser Health News, July 16, 201"Reducing Medicare Advantage Overpayments," Committee for a Responsible Federal Budget, February, 23, 2021. .The issue is of huge importance. Feds Shut Down .2 Billion Medicare Scheme — Finally , editor .What is the current status of the Notch issue? … Continued
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Best Ways Save Septemberoctober 2017
Four cosponsors signed on to the Social Security Fairness Act this week. Two Representatives – Ben Chandler (KY-6) and Mike Quigley (IL-5) – signed on to Rep. Buck McKeon's H.R. 1332, and two Senators – Sherrod Brown (OH) and Frank Lautenberg (NJ) – signed on to Sen. John Kerry's S. 20The cosponsor totals for these bills are up to 149 and 9, respectively. .In March, the Trump administration paused routine nursing home inspections, which typically occur about once a year. Instead, the Centers for Medicare and Medicaid Services (CMS) asked that state agencies focus on inspecting facilities for their infection control practices, such as whether staff wash their hands or properly wear protective clothing before tending to multiple patients. .To learn more about your enrollment deadlines for Medicare visit www.Medicare.gov. … Continued
Despite all the tragedy and difficulty coming out of the pandemic emergency there is a little good news, in our opinion. The spread of the coronavirus has reignited the push in Congress to expand domestic manufacturing of drugs, and renewed concerns the U.S. relies too much on foreign medicine makers. As we have been seeing, the need for medications can be urgent during a pandemic and lawmakers on both sides of the aisle have raised alarms about possible shortages. .Depending on your health, it might be to your advantage to start unemployment benefits and delay taking Social Security right away. Allow several months to search for a new job. The longer you can postpone starting Social Security, the higher your benefit will be. In addition, should you find a good job and start working again, your Social Security benefits could be reduced by excess earnings. If you are under your full retirement age you may earn ,480 in 2014 (,290 per month) before Social Security would withhold in benefits for every over that amount. .How do I go about writing my Congressman and Senators? .People who decide to go on a cruise should get tested 1–3 days before their trip and 3–5 days after their trip. .In the weeks ahead, TSCL will continue to advocate for tax reforms that would benefit the financial security of older Americans, and we will post updates on the movement of the Ways and Means Committee's bill here in the Legislative News section of our website. For more information on TSCL's tax reform recommendations, click HERE. .In a statement issued early this week, America's Health Insurance Plans, an advocacy organization for insurers, wrote: "Reports from leading industry analysts show broad consensus that the CMS proposal, if finalized, would result in Medicare Advantage payment cuts of at least 4 percent in 2015 and likely much higher once other changes are factored in." But in a statement of their own, representatives from CMS countered: "The proposed changes for 2015 for Medicare Advantage are smaller than those implemented in 2014 – a year in which CMS expects to exceed its 5 percent enrollment growth projection." They went on to claim that the 2015 MA cut will actually result in lower premiums and better care for seniors. .Five Key Bills Gain Support .This week, one new cosponsor – Rep. John Sarbanes (MD-3) – signed on to the Protecting and Preserving Social Security Act (H.R. 1811), bringing the total up to eleven. If signed into law, H.R. 1811 would base Social Security cost-of-living adjustments (COLAs) on the Consumer Price Index for the Elderly (CPI-E) and it would gradually phase out the cap on income subject to the payroll tax. It would extend the program's solvency for decades into the future responsibly, without cutting benefits for seniors. .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.
