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For progress updates or for more information about these and other bills that would strengthen the Social Security program, visit the Bill Tracking section of our website or follow TSCL on Twitter. .Ensure that rebates drug makers now pay to benefit managers and insurers get passed directly to patients when they buy a medication. The White House last year withdrew an earlier version of the proposal, after the Congressional Budget Office estimated it would cost taxpayers 7 billion over 10 years. .The "offset" rules for unemployment affected large numbers of seniors during the recent period of high unemployment. In Virginia, for example, the state unemployment insurance reserves dropped so low that a state law was triggered requiring cuts to the unemployment benefit payments of Social Security recipients in January 20By October, 30,000 jobless seniors in Virginia had been affected, and the offset completely wiped out the unemployment benefit of an additional 4,000. … Continued
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Category Issues Soical Security Notch Articles Page 3
Two Courts Halt Rule Tying Certain Drug Prices to Other Countries .At Wednesday's hearing, members of the committee heard from Jonathan Blum, the Deputy Administrator and Director of Medicare at the Centers for Medicare and Medicaid Services (CMS). Blum stressed the need for Congress to act before January 1st, since the cost of repealing the SGR is the lowest it has been in years. He also asked members of the committee to build upon the work that CMS has already done instead of starting from scratch. "We shouldn't step back, we should step forward," he said. In addition, he urged committee members to advance a plan that would create a five-year transition period and allow CMS to continue experimenting with different payment models, like accountable care organizations and medical homes. .If you receive a call from a person claiming to be from SSA, and that person asks you to provide your Social Security number or other information don't give it out over the phone. Contact your local SSA and report the call – it's likely to be a scam. … Continued
Yet since 2010, when the Social Security Trust Fund first started running a cash deficit, budget negotiators have repeatedly attempted to enact Social Security reforms that would decrease benefits. One of the most widely - discussed proposals would switch to a more slowly - growing inflation measure — the chained consumer price index (CPI) — to calculate the annual cost – of – living adjustment as a means of slowing the growth of Social Security benefits and other inflation - adjusted federal programs. Although the proposal was not adopted in the past, primarily due to fear of public backlash, "It remains a key feature in many plans for reducing the deficit," Johnson says. .This week, The Senior Citizens League was pleased to see support grow for six key bills that would strengthen the Social Security and Medicare programs. .The Senior Citizens League sincerely hopes that Members of Congress will responsibly avert the Fiscal Cliff without enacting harsh Social Security and Medicare benefit cuts. As the deadline nears, we will continue to warn lawmakers about the potential threats that benefit cuts would pose. In addition, we encourage you to contact your Members of Congress to request their support for fair cost-of-living adjustments and a temporary "doc fix." To find contact information for your elected officials, click HERE. .Put your mother's apartment on the market and work to sell it. This means giving it a thorough cleaning, a fresh coat of paint if needed, and minor repairs. .TSCL is closely watching for the introduction of proposals to strengthen Social Security and Medicare benefits and program financing. While financing issues for both programs are daunting, we believe that funding for both can be strengthened without deep benefit cuts. "Increasing benefits for all" was a key platform plank for the majority of the Representatives in the House, roughly half the Senate, and, our President elect. In coming months, TSCL plans to hold the lawmakers accountable for how they plan to turn this promise into reality for older Americans. .Social Security is a promise our country must keep. If you work and pay into the system, you should have the opportunity to retire with dignity and respect. This promise is part of what makes America exceptional — the idea that after a lifetime of work, Americans deserve security in retirement. .Sources: "Medicare Drug Plan Benefit Some, Others Fall Through Cracks," Robyn Shelton, The Orlando Sentinel, February 2, 200"Federal Costs Dropping Under New Medicare Drug Plan," Robert Pear, The New York Times, February 3, 200"U.S. Customs Cracks Down On Prescription Drug Shipments," Canadian Broadcasting Corporation, February 9, 200"Answers Sought on Medicine Seizures," Lisa Girion and Ricardo Alonso-Zaldivar, The Los Angeles Times, February 16, 2006. .Seniors and Baby Boomers nearing retirement have every right to object and that doesn't make anybody greedy for doing so. After 1983, when the Social Security Trust Fund began building up reserves, our government proceeded to use all excess funds, and replaced that money with .6 trillion in special non-marketable bonds, or I.O.U.s. Seniors are frequently told those I.O.U.s are backed by the full faith of the U.S. government which has never defaulted on its debt. But now that the U.S. Treasury must borrow to pay the interest due to the I.O.U.s held by the Trust Fund, lawmakers are considering plans that would cut promised Social Security benefits. If a government default on the U.S. savings bonds held by public investors is unthinkable — why is cutting obligations to Social Security beneficiaries any less so? .It is likely the President will face a legal challenge over these actions. The U.S. Constitution gives Congress the power of the purse and any changes to taxes or spending are supposed to come from Congress.
