News
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Notch Bulletin November 2010 Advisor
Social Security recipients can look forward to receiving an annual cost – of – living adjustment (COLA) of about 1.8 percent in 2018, according to an estimate released today by The Senior Citizens League (TSCL). "A COLA of that amount would make it the highest since 2012 — but even at 1.8 percent, the raise is less than half of the 4 percent that COLAs averaged from 2000-2009," says TSCL's Social Security policy analyst, Mary Johnson. .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. .Three Key Bills Gain Cosponsors … Continued
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Legislative Update For Week Ending May 18 2012
Unfortunately, a long-time TSCL goal of reducing prescription drug prices did not make it into the newly introduced House bill. It appears that, as we have written before, legislation to reduce drug prices will not be dealt with until sometime in the fall. .Newly Eligible People with Medicare .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. … Continued
A majority of those at this week's hearings, however, were strongly opposed to the IPAB. Multiple Members referred to it as the "denial of care board," and Ranking Member of the Energy and Commerce Committee Frank Pallone (NJ) called it the fruits of a "growing, imperialistic presidency." Critics believe that it will undermine Congress's ability to represent their constituents, and that elected officials — not a Board of Presidential appointees — should be legislating healthcare policy. .Food and Drug Administration Issues Vaccine Fraud Alert .For progress updates or for more information about these and other bills that would strengthen the Social Security program, visit the Bill Tracking section of our website or follow TSCL on Twitter. .A study conducted by TSCL has found that Social Security benefits have lost 30 percent of buying power since 2000 over the same period that Medicare Part B premiums grew by 195 percent. Social Security benefits on the other hand have grown by only 43 percent. The findings represent an especially big loss in buying power of 7 percent from January of 2016 to January of 2017. .As a result of the inadequate funding, both the both the Old-Age and Survivors Insurance (OASI) and the Disability Insurance (DI) programs have been struggling to serve the public. More than one million applicants are currently waiting to hear whether they qualify for DI benefits, and those who have appealed recent rejections must wait 600 days or longer for their cases to be re-heard. In 2017, 10,000 individuals died while waiting on their DI eligibility decisions. While waiting, they had no access to DI benefits or Medicare coverage, which recipients with long-term disabilities can receive after they are enrolled in the program for two years. .Things aren't likely to improve next year. The Social Security Chief Actuary recently estimated that the COLA in 2017 would be just 0.4 percent, which would be the lowest COLA ever paid. That would raise benefits just .00 per ,000 in benefits. .In a recent survey of TSCL's supporters, as many as one-third of respondents said they postponed filling their prescriptions or took less than prescribed due to high costs. They question why Congress hasn't taken action to improve the system and to protect the American public from rising drug costs. .Many expected immigration reform to be a focal point of the President's speech, however, his remarks on the topic were vague and very brief. In one short paragraph, he said, "Republicans and Democrats in the Senate have acted. I know that members of both parties in the House want to do the same … So let's get immigration reform done this year." TSCL has some serious concerns about comprehensive immigration reform, since it would further strain the Social Security and Medicare Trust Funds. We strongly feel that any efforts to reform the system should include loophole-closing legislation that would prevent immigrants from receiving benefits based on a history of illegal work. .You can apply for widow benefits as early as age 60, but if you start prior to your full retirement age, your benefits will be reduced. In addition, your benefits would be further reduced if you earn more than the annual earnings limit, which is ,640 in 2012 (,220 per month). More on this in a moment.
