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By Shannon Benton, Executive Director .Because of the high air exchange rate, it's unlikely you'll catch the coronavirus from someone several rows away. However, you could still catch the virus from someone close by. .The SSA and the AARP say, however, the Notch affects only those born during the five-year period of 1917 through 192Those born during that period were covered by a special transitional benefit formula, the purpose of which was to provide a 5-year phase-in for the new 1977 benefit formula. … Continued
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Drug Pricing Abuse Comes Under New Scrutiny
SSA Implements New Security Policy .This week, lawmakers in the Senate continued working on plans to reform the healthcare system. In addition, The Senior Citizens League saw five key bills gain new cosponsors in the House. .In a statement that was released shortly after the bill's introduction, Sen. Blumenthal stated, "The seniors who spent a lifetime working to make our country stronger deserve peace of mind that their retirement years will not be marked by suffering." TSCL could not agree more, and we look forward to working with Sen. Blumenthal and Rep. Cartwright in the coming months to help build support for their bill, and to help pass it into law. … Continued
TSCL has filed three lawsuits under the Freedom of Information Act requesting copies of the agreement and other information and has placed ads in The Washington Times in opposition to the proposed agreement. We will continue to closely monitor the totalization matter. .It remains to be seen how long the impasse will last, and whether or not Congressional leaders will lend their support to the bipartisan group's plan. Currently, no clear end to the shutdown is in sight. The Senate will remain in session over the weekend, and Members of the House have been told to stay in Washington for possible votes. The government shutdown should not have any effect on the daily lives of seniors, but TSCL will closely monitor the discussions for any developments, and we will continue to post updates here in the Legislative News section of our website. .To help older Americans withstand the financial impacts of the COVID-19 pandemic, and provide more adequate retirement benefits, The Senior Citizens League supports legislation that would provide a boost in Social Security benefits for all retirees, and would tie annual cost of living adjustments to a more representative seniors' consumer price index, the Consumer Price Index for the Elderly (CPI-E). To learn more about efforts to strengthen Social Security benefits, visit . .With so many grandparents becoming more involved in the day – to - day care of their grandchildren you may learn that you qualify for other programs that can reduce healthcare, food, and other expenses. We recommend that you take time to try the National Council on Aging's online "BenefitsCheckUp" screening tool to learn about benefit programs in your area. .Most people who spend the night in the hospital would say they have been an inpatient. But over the past six years, rapidly growing numbers of Medicare beneficiaries have learned that they were never admitted as an inpatient — even though they have stayed in a hospital bed, received treatment, diagnostic tests, and drugs. .How do I go about writing my Congressman and Senators? .In fact, the CPI-W does't even measure one of the most rapidly rising senior costs – Medicare Part B premiums. TSCL's research has found that Medicare Part B premiums rank as the third-fastest growing senior cost since 2000. Only home heating and gasoline have increased faster. To put the problem of Medicare's cost growth into perspective, the following table illustrates what common food items would cost in 2014, if they had increased as rapidly as Medicare Part B premiums. To give a full picture, this table spans a 3year period, the length of time that many Baby Boomers can expect to live in retirement. Medicare Part B premiums are twelve times higher today than 34 years ago in 1980. .So How Safe Is Air Travel? .In addition, if any efforts to transition to private accounts based Social Security succeed TSCL fears that, among other things, a new Notch could be created in the transition. Also, TSCL members generally believe that such approaches could further drain the Social Security Trust Fund. Finally, it is thought that a private accounts venture would be at least partially financed by cutting the benefits of current or soon-to-be retirees. Because TSCL believes that Social Security was developed and implemented to be a safety net, insurance and pension system, it strongly opposes changes to the current system which entail private accounts.