News

  • About Us Board And Staff Kyle Carpenter Treasurer

    For more information or to view a list of cosponsors, click here. .This week, TSCL's legislative consultants, Former Congressman David Funderburk and Mrs. Betty Funderburk, along with TSCL's legislative assistant, Jarrad Hensley, were on Capitol Hill for meetings with Members of Congress and their top staff. .The new Antimicrobial Action Fund will look to buy or invest in small antibiotic companies and their products and will work with the World Health Organization and the European Investment Bank to identify promising prospects. The fund is expected to start operations by the end of the year and hopes to bring to market at least two to four novel antibiotics by 2030. … Continued

  • Social Security Update

    Gather your medical expense records from the past year to three years, if you have them. Organization of these records not only helps you figure out your household budget, but keeping it all in one place helps you compile the amount to claim as medical expenses at tax time. Since expenses vary so much with your health, going back three years can help you get a better idea of average annual cost. .However, the pharmaceutical industry has spent billions of dollars over the years fighting this kind of legislation and passing it will not be easy. .Key Social Security Bills Gain Support … Continued

At the hearing, the Ranking Member of the Committee – Senator Bob Casey (PA) – presented a bill he introduced called the Beneficiary Enrollment Notification and Eligibility Simplification (BENES) Act. If adopted, his bill would simplify the Medicare enrollment process and help those nearing eligibility avoid costly penalties for late enrollment. .Sen. Bernard Sanders (VT) introduced S. 500 on March 7, 201It has since been referred to the Committee on Finance. .Medicare Therapy Caps: A Long Battle for Patient Access .We are covering this study again because according to an article on BenefitsPro.com, "The study is part of a growing body of evidence that cost-sharing, designed to encourage consumers to make smarter choices when shopping for health care, is not achieving that goal. Both anecdotal and statistical data suggest that health care, as it exists today in the U.S, is simply too complicated and opaque for Americans to approach as a simple consumer product." .As debate intensifies over the cost of medicines, a new analysis found that prescription drug prices were on average 2.5 times more expensive in the U.S. than in 32 other countries. And that gap widened to 3.4 times costlier when looking specifically at brand-name medications. .Healthcare Debate Continues in Senate .The pharmaceutical industry warns the move could damage its profits and take away incentives to invent new treatments. .But TSCL's polls, surveys, and stories on the COLA in the media have played a key role in helping to change that debate from one in which benefit cuts are inevitable, to one which explains why benefits should be made more adequate and payroll taxes should be increased. We could not have accomplished this without the hundreds of you who take time to send in your comments and stories, and who take our annual Senior Surveys. .In addition to overlooking Medicare premiums, the CPI-W also doesn't accurately measure the portion of income that retirees and disabled Social Security recipients spend on Medicare. Spending for medical care in the CPI for younger adults represents about 6.5 percent of household budgets, but surveys by TSCL suggest that retirees routinely send more than twice that amount.