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Prescription Drug Costs
A number of Social Security recipients told their stories to the members of the subcommittee and explained the problems they face, as well as their desires for improvements to the program. .This week, one House Subcommittee approved a draft Medicare physician payment reform bill. In addition, The Senior Citizens League (TSCL) announced its support for legislation introduced by Rep. Dana Rohrabacher (CA-46), and four key bills gained new cosponsors. .Because just one Senator can stall legislation through what is known as a filibuster, it takes 60 votes to pass any bill unless it is through a process called "reconciliation," which then requires only a simple majority of 51. … Continued
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Guidance For Traveling On Cruise Ships Changed
On Wednesday, Members of the Senate Budget Committee held a hearing called "The Coming Crisis: Social Security Disability Trust Fund Insolvency." They heard from a number of expert witnesses, including Carolyn Colvin, the Acting Social Security Commissioner. .How Can We Cope With Debt In Retirement? .Marvin Moser, MD author of "The Patient As A Consumer" Yale University School of Medicine Heart Book, provides these eight questions to ask: … Continued
An Alzheimer's diagnosis is life-changing not only for those with the disease, but for their friends, family and loved ones. For caregivers, looking after a parent or spouse with Alzheimer's impacts the entire family, as advanced stages of the disease requires round-the-clock attention. Thanks to the work of groups like the Alzheimer's Association, individuals impacted by Alzheimer's can get the help they need, from advice on caregiving to support groups, navigating the healthcare system and learning about new clinical trials. In September, I participated in an event hosted by the Alzheimer's Association's Greater Illinois Chapter to discuss the rising number of Americans affected by the disease, the escalating costs associated with treating patients, and the important strides clinical research is making today that give us all reason for optimism. These open dialogue and brainstorming sessions are a critical step in the fight against Alzheimer's. .Changes in your earnings: Did you report increases in salary or commissions? You need to keep Social Security informed of higher earnings in order for your benefits to be accurately withheld. .While the President may have the power to postpone the collection of taxes, he does not have the power to forgive those taxes. Business leaders led by the U.S. Chamber of Commerce recently said the executive order is "unworkable" because employers are still required by law to withhold and remit payroll taxes. President Trump has said that "If I'm victorious on November 3, I plan to forgive these taxes and make permanent cuts to the payroll tax." .Surprisingly, there was no discussion of slowing the growth of cost-of-living adjustments (COLAs) by switching to the more slowly-growing "chained" CPI. The proposal is getting increasing attention (mostly favorable) in media editorials. Switching to the more slowly-growing chained CPI would reduce cost-of-living-adjustments, and many policy experts view the option as a front-runner for reducing the deficit. .In addition, one new cosponsor – Rep. Zoe Lofgren (CA-19) – signed on to the Strengthening Social Security Act (H.R. 3118). The cosponsor total is now up to thirty-eight. 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 CPI-E, resulting in more accurate COLAs; and it would lift the cap on income subject to the payroll tax. H.R. 3118 would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. .Unfortunately, no. The highly controversial U.S. Social Security Totalization Agreement with Mexico that was signed by the Bush Administration is still pending. The agreement has not been submitted for review to the President or Congress, but that could quickly change, particularly in an election year. TSCL believes that if put into effect as it currently is written, the agreement would drain funds away from Social Security that are needed for the benefits of U.S. senior citizens. Totalization agreements were designed to eliminate dual taxation that occurs when a workers from one country works in another country and is required to pay Social Security taxes to both countries on the same earnings. .Sources: "Medicare Drug Plan Benefit Some, Others Fall Through Cracks," Robyn Shelton, The Orlando Sentinel, February 2, 200"Federal Costs Dropping Under New Medicare Drug Plan," Robert Pear, The New York Times, February 3, 200"U.S. Customs Cracks Down On Prescription Drug Shipments," Canadian Broadcasting Corporation, February 9, 200"Answers Sought on Medicine Seizures," Lisa Girion and Ricardo Alonso-Zaldivar, The Los Angeles Times, February 16, 2006. .This week, lawmakers remained in their home states and districts for the two-week spring recess. .Help! My Insulin Costs Skyrocketed. Health Plan Blames Covid-19!