News
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Gridlock Fixing Social Security Disability Mean Benefit Cuts
Speaker of the House Paul Ryan announced earlier this year that he wants to overhaul entitlement spending. TSCL is concerned that, after the elections, Congress could address rising deficits by moving legislation that would cut Social Security benefits. .Meanwhile, TSCL continues to work for passage of Notch Fairness Act, legislation that would provide ,000 payable in four annual installments, or an improved monthly benefit. The bill has been re-introduced in both the House and the Senate and has 22 co-sponsors. TSCL remains committed to Notch Reform and we continue to meet with Members of Congress to build support for this needed remedy. .Over one million Medicare recipients in my home state of Indiana would face reductions in choice and difficulty receiving care if provider incentives are cut. Instead of reducing access to healthcare, it is time to shift focus to the big picture of improving the economy through job creation so more people are able to contribute to their own healthcare. It is not time to chip away at benefits to the men and women who built this great country. Individuals who contributed to Medicare for decades rely on that investment for their well-being. … Continued
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Obama Administration Releases Thousands Of Illegal Immigrants
If the threshold is raised, many seniors who have saved for their entire lives and have carefully planned for retirement will suddenly be faced with hundreds of dollars in extra taxes—on top of the out-of-pocket medical costs they already pay. That's simply unacceptable. .We have been reporting recently that unless Congress passes new legislation soon there will be significant cuts in Medicare payments to health care providers, such as doctors and hospitals. If that happens it is quite possible those patients covered by Medicare would likely face negative consequences with regard to their health care. .That's because the small increase would equal only an extra a month for someone getting a ,000 check, based on estimates released last week. And that's after Social Security recipients saw no raise at all for 2016 — only the third time in four decades that has happened. The final figure for 2017 should be released in the fall. … Continued
Economists are saying that cost-of-living adjustments (COLAs) overpay seniors and that recipients don't need so much money to maintain their standard of living. Cuts to annual cost-of-living adjustments (COLA) are a key provision of the deficit reduction plans on Capitol Hill, and TSCL is fighting the plans that would cut the benefits of more than 60 million beneficiaries. .In addition, twelve new cosponsors signed on to the Medicare Prescription Drug Price Negotiation Act (H.R. 242) this week, bringing the total up to twenty-nine. The new cosponsors are: Representatives Zoe Lofgren (CA-19), Thomas Suozzi (NY-3), John Sarbanes (MD-3), Peter DeFazio (OR-4), Chellie Pingree (ME-1), Brad Sherman (CA-30), Peter Visclosky (IN-1), Earl Blumenauer (OR-3), Tulsi Gabbard (HI-2), Jared Huffman (CA-2), Dave Loebsack (IA-2), and Jamie Raskin (MD-8). .How would seniors go about improving Social Security's financing in the future? A clear majority, 67% strongly agree that it would be fair to require workers to pay Social Security taxes on all of their income rather than letting some pay nothing on income over 0,000. More than 42% strongly agree that with Americans living longer, it would be fair to raise the age for full retirement very gradually, by two months per year to age 69 for people who are age 49 and younger. TSCL was inundated with email comments, and what you're saying should give incumbents pause. .The Notch Fairness Act, which was introduced by Rep. Mike McIntyre (NC-7) in March, would provide compensation to Notch babies, or those born between the years 1917 and 192Just years before they were set to retire, these individuals learned that they would have significantly lower benefits than they originally anticipated. TSCL feels that this is an inequity that was brought about because of the Social Security Act Amendments enacted and signed into law in 1977. .The Senior Citizens League is pleased that leaders in Washington have temporarily reopened the federal government, and we are hopeful that they will act responsibly in the days ahead to ensure that it remains fully funded. We will continue to monitor the negotiations closely in the coming days, and we will post updates here in the Legislative News section of our website. .This week, TSCL announced its support for the Delay until Fully Functional Act (S. 1592 and H.R. 3359), which was introduced by Sen. Marco Rubio (FL) in the Senate and by Rep. Trey Radel (FL-19) in the House. The bill, if signed into law, would delay the Affordable Care Act's individual mandate for six months once the Government Accountability Office certifies that the exchange website is fully functional. .If adopted, the Social Security Administration Fairness Act would accomplish the following: .According to new census estimates, elderly Americans 65 or older incurred the largest increases in poverty among all age groups. The estimates reflect a new formula used to measure poverty. .(Washington, DC) – Low inflation in recent years may be helping younger workers cut costs at the gas pump, but it isn't translating into lower costs for older and retired Americans, says The Senior Citizens League (TSCL). According to a recent study by TSCL, Social Security beneficiaries have lost 23 percent of their buying power since 2000. And another year of low cost-of-living adjustments (COLAs) is in store for 2017, according to a new TSCL analysis of consumer price index (CPI) data through August 2016.
