News
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Justin Jump Trea National President
TSCL feels the closing of the World War II Memorial is a prime example of backwards Administration priorities. Access to that memorial should never be barred in the first place. Its construction was funded heavily by donations from the public rather than solely by tax revenues, and many donations came from Notch Babies who formed the bulk of the fighting forces during World War II. In fact, TSCL members and supporters alone donated over ,749 for the World War II Memorial Foundation. ."The bill does nothing at all to reduce or eliminate the tax on Social Security benefits that burdens more than half of all retiree households," Johnson notes. Yet the tax cuts for corporations and the wealthiest households in the Tax Cut and Jobs Act will add an estimated .5 trillion to the national debt. Some conservative Members of Congress say they are planning a budget that would require mandatory spending cuts to reduce the debt next year. .We want to emphasize that these are all projections based on the economic situation at the time they were developed. As we have seen in the past year, things can change dramatically and clearly, we still don't know how things will be in the coming months and year with regard to the pandemic. … Continued
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Congressional Corner New Rx Drug Bill Aimed At Saving Seniors Money
On the other hand, critics of the proposal argue that people can't always determine the timing of the application for Social Security benefits. They say that people are often forced to retire earlier than planned due to health problems, layoffs, new technology, or needing to care for one's parent or spouse. They argue that raising the age for full benefits results in reducing the early, age 62 benefit even more than it already is today. .Hearings Over Controversial Healthcare "Cutting" Board .More than 50% of older households surveyed by the National Institute on Aging say that they have at least one adult child living within 10 miles. But retirement housing and care plans can go awry when an adult child needs to relocate — most often because of a job. … Continued
If you or someone you know is struggling to make their Social Security benefits stretch from one month to another, there are two Medicare programs that can help with medical costs for those eligible — Medicare Savings Programs which cover some Part B costs, and Medicare Extra Help which provides help with prescription costs. .TSCL enthusiastically supports the bills mentioned above, and we were pleased to see support grow for each of them this week. .A new Medicare cost-saving rule that was launched late in 2020 will cut payments to hospitals for some surgical procedures and could potentially raise costs for Medicare recipients. According to an article by Susan Jaffe, of Kaiser Health News, the Centers for Medicare and Medicaid Services (CMS) has for years classified 1,740 surgeries and other services as "so risky" for older adults that Medicare would pay for them only when people were admitted to the hospital as inpatients. But under the new rule, CMS is beginning to phase out that requirement. By the end of 2023, these "inpatient only services" which includes complicated procedures such as heart and brain operations, is scheduled to be gone. .In addition, one new cosponsor – Rep. William Keating (MA-9) – signed on to the Strengthening Social Security Act (H.R. 3118). The cosponsor total is now up to sixty-three. If signed into law, H.R. 3118 would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would base COLAs upon the CPI-E, resulting in more accurate annual increases; and it would lift the cap on income subject to the payroll tax. The bill would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. .Demographics dictate that Medicare spending will climb in the future as more people become eligible and enroll, and as aging increases the need for more healthcare services. Cutting the growth of Medicare spending without cutting access to affordable care for seniors will be a monumental challenge for Congress. TSCL believes a great deal more can be done to find savings by making the system more efficient and to clamp down on fraud, waste and abuse. .According to the FDA, "Complementary and Alternative Medicine" encompass a wide array of health care practices, products, and therapies that are distinct from conventional medicine. Examples include botanical and animal-derived extracts, vitamins, minerals, amino acids and proteins, just to name a few. In addition there would be new regulations of medical devices used by alternate medicine practitioners like chiropractors, massage and acupuncture therapists. .The federal government negotiates prescription drug prices for Medicaid and for veterans, but it is not allowed to negotiate lower prices for Medicare beneficiaries. Do you support this policy? .TSCL Presents 2012 Seniors Advocate Award .On the other hand, critics of the proposal argue that people can't always determine the timing of the application for Social Security benefits. They say that people are often forced to retire earlier than planned due to health problems, layoffs, new technology, or needing to care for one's parent or spouse. They argue that raising the age for full benefits results in reducing the early, age 62 benefit even more than it already is today.
