News

  • Social Security Disability Close To Insolvency Feed

    The Senior Citizens League believes that Social Security benefits and annual COLAs could be strengthened three ways: .The Health and Human Services Department finalized the policy through an interim final rule in November, meaning the agency skipped the comment period. Lowering drug costs for patients is the end goal of the policy, which the government argues justified the speedy implementation. .Recently one of our readers asked "Is there a percentage as to how much less NOTCH BABIES receive monthly?" Although not many studies exist, according to one study of average earners born from 1917 through 1926, the disparity in benefits with other retirees seems to average about 26%. … Continued

  • Legislative Update Week Ending October 14 2016

    Current policy benefits undocumented immigrants who have committed document fraud by using stolen, fraudulent, or invalid Social Security numbers (SSNs) to work. Rather than penalizing individuals for the use of fake or invalid SSNs, the Social Security Administration (SSA) uses all reported earnings from covered employment when determining entitlement and benefits—even when earnings are from unauthorized work performed while in the country illegally, and using fraudulent SSNs, according to the CBO. .Lawmakers from both the House and Senate remained in their home states and districts this week to continue the month-long August recess. They are expected to return to Washington on September 5th, following the Labor Day holiday. .The U.S. Supreme Court is expected to decide a case in June that could have far -reaching implications for Social Security and Medicare. The Obama Administration has asked the Supreme Court to reinstate its executive action plan on immigration. The plan would give temporary relief from deportation and work permits to almost 5 million unauthorized immigrants. Should the Supreme Court find in favor of President Obama, his Administration would have 7 months to implement the program before his term ends. … Continued

In addition, major changes to RMD rules were already underway prior to the CARES Act. The SECURE Act, which passed in 2019, extended the age requirement for starting RMDs. If you reach age 70 ½ in 2020 or thereafter, you may wait until April 1 of the year after you reach age 72 to take your first RMD. For you, that's April 1, 202That gives your 401(k) more time to recover. .Under the rule he's considering formally proposing, Trump would order reimbursement for certain Part B drugs to be tied to what's known as the International Price Index. That would mean a price cut for many medicines, since the prices drug makers charge outside the U.S. are often set by government-run health-care systems and are generally lower. Medicare doesn't use its position as a big buyer of drugs to bargain for lower prices. .Rep. Allyson Schwartz's (PA-13) Medicare Physician Payment Innovation Act (H.R. 574) also gained support this week. One new cosponsor – Rep. Bruce Braley (IA-1) – signed on, bringing the total up to thirty-four. If signed into law, Rep. Schwartz's bill would repeal and replace the SGR, bringing increased stability to the Medicare program for both physicians and beneficiaries. .When we contacted the governor's office for evidence to back up DeSantis' comments, press secretary Cody McCloud didn't produce any studies or statistics. Instead, he cited the Florida Department of Health's contact tracing program, writing that it "has not yielded any information that would suggest any patients have been infected while travelling on a commercial aircraft." .It is bad enough that non-medical professionals are involved in criminal activity like this but for a doctor to be part of it is outrageous. .The CPI-E Act of 2017 (H.R.1251) gained two new cosponsors in Representative Peter Welch (VT-01) and Representative Jamie Raskin (MD-08), bringing the new cosponsor total up to 4If signed into law, H.R. 1251 will base cost-of-living adjustments (COLAs) for Social Security benefits on the Consumer Price Index for the Elderly (CPI-E). .This week, lawmakers returned to Capitol Hill following a week-long holiday recess. They have just one week to reach a deal to fund most of the federal government past Friday, December 7th. Should they fail to reach an agreement before then, part of the federal government will shut down like it did earlier this year. .Pre-Election Recess Continues .The U.S. depends on China for thousands of chemicals needed to make prescription drugs. That's because it turns out that pharmaceutical companies have outsourced our generic medicine manufacturing to China.