News

  • Category News Press Releases Page 8

    On Tuesday – three months later – a panel of three judges rejected the Obama administration's request in a 2-1 decision. They ruled that the state of Texas does have the legal standing to challenge President Obama's executive orders since implementing them will be costly to the state. .This week, one new cosponsor – Rep. Elijah Cummings (MD-7) – signed on to the Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1030), bringing the bill's total up to twenty-five. If signed into law, the CPI-E Act would base the Social Security cost-of-living adjustment (COLA) upon the spending patterns of seniors. Currently, it is based upon the way that young, urban workers spend their money – a method that underestimates the spending inflation that seniors experience. A study conducted by TSCL this year found that seniors have lost 31 percent of their purchasing power since 2000 – a clear sign that the current COLA is growing too slowly. .The Senior Citizens League is disappointed that another Obamacare promise has been broken, and we are hopeful that the impact on seniors will be minimal. While UnitedHealth is the first Medicare Advantage insurance provider to announce doctor cuts, we do not expect them to be the last. For tips on checking your plan's provider networks or for other Medicare Advantage information, see "Out – Of – Pocket Costs Catch You By Surprise? How To Avoid "Sticker Shock" … Continued

  • Retiree Tax Uncertainty Triples

    TSCL was pleased to hear that SSA decided to reverse the policy this week after receiving complaints from beneficiaries. TSCL's policy consultant Mary Johnson told Karen Damato this week, "We are grateful for a reprieve, even a temporary one." Policy analyst Jessie Gibbons also told Mary Beth Franklin of Investment News: "We believe the administration made the right decision to rescind their new cell phone texting requirement while they continue to pursue more options." .Fifty-one percent said they put off trips to the doctor and other routine medical care, some for months on end. Forty-four percent said they postponed filling prescriptions or were taking less of their medication than prescribed to make it last. .TSCL agrees, and we enthusiastically support the PRIME Act. We look forward to working with Reps. Roskam and Carney through the remainder of the 114th Congress to help build support for the critical piece of legislation. … Continued

What do you think of these proposals? TSCL wants to hear from you! Please take TSCL's 2017 Senior Survey. .Without changes, SSDI will only take in enough revenues to pay 80% of scheduled benefits by 201TSCL believes that suspected fraud is compounding the crisis in the disability program, and that Congress should cut fraud — not benefits of those who are truly in need. TSCL supports measures that would provide stiffer penalties for disability fraud, make eligibility criteria more objective and measurable, and step up reviews to determine whether people currently on the rolls remain entitled to benefits. .TSCL is working for legislation that would provide greater retirement security for older Americans as well as strengthening financing for Social Security. To learn more, visit . .Because of the strong push on the part of the President and members of Congress to find a way to lower drug prices, and getting drugs from other countries where the cost is lower has become popular as a solution, the Food and Drug Administration (FDA) recently released a proposal to let states submit drug importation plans for federal approval. .It is believed that Trump issued the executive orders because a drive to enact major legislation this year stalled in Congress. Although Trump has told Republican senators that lowering prescription prices is 'something you have to do,' many remain reluctant to use federal authority to force drug makers to charge less. .People most at risk of owing taxes include: .Social Security Notch Legislation Introduced . Contact your doctor's office and alert them to this dilemma. Ask if they have emergency samples of Lantus and your blood pressure medicine that they can provide, or if they can give you the contact number of programs that can help you. .I would like to know how, at this point, you project a Social Security COLA at 6.1%. Inflation would have to continue on an upward path through September for that to happen. — R.Q., NJ