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  • Social Security Medicare Questions Marchapril 2013

    Congressman Elijah Cummings (MD-7) – Chairman of the House Oversight and Reform Committee – announced his committee's investigation into twelve of the largest pharmaceutical companies in January. He said, "The goals of this investigation are to determine why drug companies are increasing prices so dramatically, how drug companies are using the proceeds, and what steps can be taken to reduce prescription drug prices." The first hearing that his committee held in the 116th Congress examined the causes of rising drug prices. .Finally, one new cosponsor – Senator Richard Blumenthal (CT) – signed on to the Medicare Drug Price Negotiation Act (S. 99), bringing the cosponsor total up to eight. If adopted, this bill would require the Secretary of Health and Human Services to negotiate lower prescription drug prices on behalf of Medicare Part D beneficiaries. .By the end of this year, lawmakers could enact legislation that would trim Social Security benefits, threaten access to care for Medicare beneficiaries, and make millions of immigrants eligible for benefits based on illegal work. With so much currently at stake, it is more important than ever for seniors to learn about – and possibly challenge – the positions of their elected officials. … Continued

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    Tuesday's hearing made it clear that the Joint Committee has an enormous amount of work to do in a very short amount of time and in a very politically-charged environment. Adding to the pressure, Elmendorf told the Committee Members that if they wish to have their proposal scored by the CBO before voting on it, they'll need to submit it by early November, giving them less than two months to reach a compromise. Despite the tough circumstances, most Members seemed up to the challenge and will to, as one Committee Member put it, "go big, go long, and go smart." .The new scams were quick to arise, and deft in their effectiveness. For example, in March of last year, the Social Security Administration posted an alert about a scam claiming that economic impact stimulus payments may be suspended or decreased due to office closures related to the COVID-19 pandemic, which was a lie. .Social Security's combined Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds will be fully funded until 203At that point, if nothing is done by Congress, Social Security will still have the funds to pay out 79 percent of scheduled benefits using tax revenues. The Trustees also estimated that Medicare's Hospital Insurance (HI) Trust Fund will be fully funded until 2026, at which point the program will still be able to pay out 88 percent of scheduled benefits using tax revenues. … Continued

Get prescriptions from your veterinarian for medications: When your vet prescribes antibiotics or any other drug, don't automatically buy all the pills from the veterinary practice. Ask for a prescription. Often, you can get a cheaper price from your pharmacist instead, so check first. You can get a pet medication discount card from Costco, CVS, Rite-Aide, Walgreen's and Walmart. Compare prices with reputable online companies as well. .The following Members of Congress, among many others, will be holding town hall meetings this week: Sen. Bill Cassidy (LA), Sen. Michael Crapo (ID), Sen. Jerry Moran (KS), Sen. Pat Roberts (KS), Rep. Garret Graves (LA-6), Rep. Jody Hice (GA-10), Rep. Mark DeSaulnier (CA-11), Rep. Hakeem Jeffries (NY-8), Rep. Will Hurd (TX-23), Rep. Diane Black (TN-6), Rep. Suzanne Bonamici (OR-1), Rep. Bradley Byrne (AL-1), Rep. Kevin Cramer (ND), Rep. Raul Labrador (ID-1), Rep. Joyce Beatty (OH-3), Rep. Brett Guthrie (KY-2), Rep. Thomas Massie (KY-4), Rep. Tom Rice (SC-7), Rep. Mimi Walters (CA-45), Rep. Bruce Westerman (AR-4), Rep. Tom Emmer (MN-6), Rep. Tom McClintock (CA-4), Rep. Mark Amodei (NV-2), Rep. Steve Cohen (TN-9), and Rep. Bill Pascrell (NJ-9). .Major findings: .Some policy analysts argue that the "chained" CPI is more accurate, but the Congressional Budget Office has stated that using that index has limitations. Unlike the conventional consumer price index in which final data from one month to the next is available in about two weeks, final data for the chained CPI isn't available until well over a year and a half. "That means preliminary estimates that are subject to error would have to be used for indexing," Johnson explains. .Alexandria, VA - August 11, 2012 -- Low-income seniors on Medicare who also receive Medicaid services should be vigilant in checking their health plans in the coming months. This advice comes from the Senior Citizens League (TSCL), one of the nation's largest nonpartisan seniors groups. Tests are underway in up to 26 states to move as many as 3 million "dual eligibles" — people who receive both Medicare and Medicaid — into managed-care health plans. The object is to improve healthcare and lower government spending. .Members of the House adjourned for a week-long recess on Monday, but budget talks continued for the lawmakers that sit on the bicameral conference committee. While many have reportedly been meeting behind closed doors, Sen. Bernard Sanders (VT) took his message public in a news conference that announced his opposition to including entitlement cuts in a budget package. He said this week, "On these issues, Congress is way out of touch. The American people do not want to cut Social Security, Medicare, and Medicaid." .Congress first approved the WEP in 1983 as part of a large package of Social Security reforms that included increasing the full retirement age. The stated intent was to remove an unintended advantage for workers who collect non-covered pensions, but also did some work in jobs covered by Social Security. .During the Great Recession and immediately afterwards, mature workers got a raw deal; it's time for Congress to give them a Better Deal. .This higher starting benefit will mean higher cost-of-living adjustments (COLAs) in terms of dollars, and higher benefits for spouses and survivors that are based on your benefit. Over the course of a 25 year retirement, the extra money adds up to more income from Social Security, often in the tens of thousands of dollars depending on the age you retire.