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Weekly Update For Week Ending October 2 2021
We will be watching all of the candidates closely as we approach the November elections. Seniors are not being over-paid by Social Security and are not under-paying for Medicare. Getting Congress to pass a fair COLA that reflects the true cost of living for Seniors' remain one of our top priorities and we will keep you informed about what the candidates say about the Social Security and Medicare issue and details on their platforms are released. .Within two years of enactment, the Government Accountability Office would report to Congress and the task force on the financial exploitation of older Americans, including the associated economic costs, contributing factors, unreported cases, and policy responses. .If you would like to continue receiving these press releases via email, please send your email address to [email protected]. … Continued
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Forty-five percent (45%) say their retirement savings dropped significantly in value and that they have cut back on spending. Another 13 percent (13%) say their retirement savings have dropped, but they are unable to cut back any further. .The Earnings Suspense File represents a huge growing potential liability to the Social Security program. Currently the file holds more than 295.5 million wage reports worth more than 5 billion. Wages are used to determine entitlement to Social Security benefits. Under current law when a worker is found eligible for Social Security, all earnings that can be proven are used to determine entitlement, even for jobs worked without legal authorization. .TSCL is a non-partisan organization which means we work with whomever supports our legislative agenda, regardless of what party they belong to. We look forward to working with the new chairmen and women of the various Senate committees and with the minority members of the committees in achieving our goals. … Continued
Given the above story about how Medicare users pay so much more for drugs than Medicaid users, could this be the year we finally win? .The legislation now calls for a "one-time, one-year increase in the Medicare physician fee schedule of 3.75 percent" in 2021 "to provide relief during the COVID-19 public health emergency." .Generic drugs account for 84% of drugs sold nationally, but only 12% of spending. .2 weeks after a single-dose vaccine, like Johnson & Johnson's Janssen vaccine .The president might also hurt himself on the campaign trail. Linking prices paid by Medicare to an international index that includes countries with nationalized or government-run health-care systems would undercut one of Trump's favorite criticisms of Democratic proposals: they represent "socialism." .Sources: "Home Is Where The Money Is For Medicare Advantage Plans," Fred Schulte, Center For Public Integrity, June 10, 201"Medicare Advantage 2016 Data Spotlight: Overview of Plan Changes," Kaiser Family Foundation, December 2012015 Medicare Trustees Report, July 22, 2015. .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. .Sources: "Issues and Challenges In Measuring And Improving The Quality Of Health Care," The Congressional Budget Office, December 201"What Is Value-Based Healthcare?" NEJM Catalyst, January 1, 201"After Single Payer Failed, Vermont Embarks On A Big Health Care Experiment," Carolyn Johnson, The Washington Post, September 17, 2017. .Mexican consulate officials are informing people about the availability of such benefits.Survivor claims are increasing due to recent violence in Mexico.