News

  • Issues Totalization Agreement

    The abrupt and severe contraction in the U.S. economy caused by the coronavirus has far-reaching consequences for Social Security. Twenty million workers filed claims for unemployment between March 15, 2020 and April 17, 2020, a level that has not been seen since the Great Depression. Both the wide-scale shutdowns and layoffs, as well as provisions of the coronavirus CARES Act stimulus legislation significantly reduce the anticipated amount of payroll taxes flowing into Social Security this year. ."'We find no indication that these reductions in demand affect only ‘low-value' drugs; on the contrary, those at the highest risk of heart attack and stroke, who would benefit the most from statins and antihypertensives, cut back more on these drugs than lower-risk patients.'" .Too many doctors are prescribing large quantities of narcotics and addictive drugs that may be finding their way onto the streets, or putting patients at risk of addiction. The doctors, in turn, are accepting kickbacks and other "incentives" while billing Medicare for the cost. The following are just three of the examples from a new report from the Department of Health and Human Services Office of Inspector General: … Continued

  • Q A June 2020

    Look, nobody gets wealthy off of Social Security. It's a subsistence level program. .However, it differs from the House version which means it must go back to the House to see if it will agree with the changes that were made. .On Thursday, with a vote of 326-96, lawmakers in the House passed legislation that will fund the federal government past December 9th. The short-term continuing resolution (CR) will provide funding at a .07 trillion rate – up slightly from the current rate of .067 trillion – through April 28, 2017. … Continued

My prescription for Lantus and blood pressure medicine has skyrocketed recently. When I called Humana, they said they are dealing with Covid-19, and costs have increased. The new price is at a level that makes it impossible for me to afford the medicine I need. I don't know what to do now. Any help is appreciated. — Robert N. FL .And then it added this, "In fact, the study found that some patients who see increased drug prices will indiscriminately cut back on all drugs—regardless of how impactful those drugs are on their health. .According to consumer price index data through August, ten of the biggest price jumps for Social Security recipients over the past 12 months are illustrated in the following chart: .Under this bill, beneficiaries would get about more a month and the Consumer Price Index for the Elderly, or CPI-E, would be used to more accurately measure inflation to ensure Social Security benefits keep up with the rise in costs for food, rent and medicine. .TSCL was pleased to see four new cosponsors sign on to H.R. 711 this week, and in the months ahead, we will continue to advocate for its passage so that public servants receive the retirement security they have earned and deserve. For updates on the progress of H.R. 711, follow TSCL on Twitter, or visit the Legislation News section of our website. .Many seniors can save substantially on drug costs by using mail order, and it's worth looking into. Be sure to use your drug plan's "preferred provider" mail order service. If you go outside of your drug plan's mail order network, your plan may not cover your drugs. .TSCL agrees that lawmakers must take action soon to stabilize the individual health insurance market and to bring down skyrocketing prescription drug prices. In the coming months, our legislative team will continue to monitor and support legislation like the Improving Access to Affordable Prescription Drugs Act (S. 771, H.R. 1776), which would reduce costs and improve care for older Americans. For updates on this bill and others like it, visit the Bill Tracking section of our website or follow TSCL on Twitter. .Surveys by The Senior Citizens League find that older voters are strongly opposed to proposals that would cut benefits. For example, 73 percent support raising the amount of wages subject to Social Security payroll taxes by applying the full 12.4% payroll tax to wages above the taxable maximum —8,700 in 201Currently the highest earners — some 18 percent of all workers, pay no Social Security taxes on wages over the 8,700 maximum — that includes Members of Congress who receive an annual salary 4,000. Surveys have also found 90 percent strongly support allowing Medicare to negotiate drug costs. .Many expected immigration reform to be a focal point of the President's speech, however, his remarks on the topic were vague and very brief. In one short paragraph, he said, "Republicans and Democrats in the Senate have acted. I know that members of both parties in the House want to do the same … So let's get immigration reform done this year." TSCL has some serious concerns about comprehensive immigration reform, since it would further strain the Social Security and Medicare Trust Funds. We strongly feel that any efforts to reform the system should include loophole-closing legislation that would prevent immigrants from receiving benefits based on a history of illegal work.