News

  • Category Issues Medicare Part D Bills

    Workers are never too old to learn new skills, especially if it means access to a better job. .TSCL believes this type of mathematical gimmickry shortchanges the measurement of real cost increases, thereby shortchanging the COLAs of almost 58 million beneficiaries. Yet this is just one of many such changes since 198TSCL believes that the strongest protection Social Security recipients have against such machinations of benefits is legislation that would guarantee that COLAs would be no less than 3%. This could be paid for by lifting the Social Security taxable maximum so that high-income earners making more than 8,500 pay their fair share of taxes. This not only is fair, but would ensure more adequate benefits for all retirees. .TSCL believes these three Medicare improvements were long overdue, and we were pleased that lawmakers reached across the aisle earlier this year to address them once and for all. For more information about the Bipartisan Budget Act and the other Medicare improvements TSCL is advocating for on Capitol Hill, visit our website at . … Continued

  • Social Security Reform

    According to a 2013 Pew Research study, women tend to take time off work to have children or care for aging family members more often than men, and then wind up with zero or only low earnings during those years. This reduces the initial Social Security retirement benefit. If a woman works entirely as a stay-at-home mom or is a full-time caregiver and doesn't take a job with an employer or is not self-employed, this means she would only rely on survivor or spousal benefits based on her spouse's work record for financial support. .Elmendorf began his testimony by sharing some grim projections that have recently been developed by the CBO. He stated that the economy will likely grow by only 1.5 percent this year, and that next year, it's expected to increase by only 2.5 percent. He also announced that the unemployment rate will continue to hover around the 9 percent mark until the end of 2012. .TSCL Wants to Know: Did You Wind Up Owing Uncle Sam? … Continued

Beginning in 2017, monthly premiums for Part B and Part D would increase by fifteen percent for those with higher incomes. If the plan were adopted, the income threshold would drop from ,000 to ,000, and it would not be adjusted for inflation until one-quarter of all Medicare beneficiaries qualify to pay the increased premiums. .COVID-19 vaccines are effective at protecting you from getting sick. Based on what we know about COVID-19 vaccines, people who have been fully vaccinated can start to do some things that they had stopped doing because of the pandemic. .In a statement, Congressman Doggett said: "Despite groundbreaking medical discoveries, we see no breakthrough in affordability for consumers. Drug pricing in America is a tangled mess, a knot that will take more than one cut to pull apart … Sick patients are tired of seeing Congress do nothing about a problem that affects so many." .The state of Virginia, however, offers retirees a chance to retain certain parts of coverage but "opt out" of others. If Paula "opted out" of Part D drug coverage, for example, and took medical, dental, and vision coverage alone, she would pay 6 per month. The portion of the premium for the drug coverage through the state of Virginia was a whopping 4 per month. .Before the Affordable Care Act, seniors could deduct out-of-pocket medical costs that exceeded 7.5 percent of their Adjusted Gross Income (AGI). Starting in 2017, however, the law increases this threshold to 10% of a person's AGI – effectively lowering how much can be deducted at the end of the year and increasing how much seniors will pay in taxes. .If signed into law, the Medicare Advantage Participant Bill of Rights Act would prevent Medicare Advantage plans from dropping physicians from their networks during the middle of the year, and it would require them to finalize their networks sixty days prior to the start of the open enrollment period. .The stockpile had 13 million medical-quality N-95 masks when the pandemic hit. The government aspires to have 1 billion, with 300 million anticipated by fall. It had 2 million gowns at the start of the pandemic and expects that to grow to as many as 7 million. .Second, Representative Brian Fitzpatrick (PA-8) also signed on to the CPI for Seniors Act (H.R. 2016), bringing the total up to six cosponsors. If adopted, this bill would require the Bureau of Labor Statistics to create and publish a new inflation index specifically for seniors so that lawmakers can better understand the price increases older Americans are experiencing. .Because of the advanced ages of Notch Babies, the cost of correcting the Notch is falling every day. TSCL estimates (in 2006) that the cost of Notch Reform would be about billion, or slightly less than .75 billion per year over the next four years. The billion could be financed without taking additional money from the Social Security Trust Fund. This could be done through cutting wasteful pork barrel spending and reducing fraud and abuse in government programs. In fiscal year 2006 alone, lawmakers spent about billion in pork-barrel projects (8). That doesn't include what the government lost to improper payments, fraud, and abuse. The Government Accountability Office estimated that for fiscal year 2005 government agencies improperly spent more than billion (9).