

News
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Legislative Update For The Week Ending August 12 2011 Feed
Although Social Security and Medicare need some changes to enable the programs to continue paying scheduled benefits in a timely manner, TSCL believes that benefit reductions should not be imposed on people who have already retired, or are close to retirement. Other deficit reduction options exist, and Congress needs to allow time for the public to more fully learn about the proposals, consider the choices, and have an opportunity to provide input to elected lawmakers. .It would eliminate two waiting periods that approved DI recipients must endure. Under current law, approved DI beneficiaries must wait five months to begin receiving monthly benefits, and two years to begin receiving Medicare coverage. .My ex-wife passed away last year at 62, and recently my job ended. She had a good job with a pharmaceutical company for about 20 years. Can I file a claim for widower's benefits based on her account and still get my own retirement benefit later? I'll be 64 in December and I'm looking for new employment. I have not re-married. … Continued
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Deficit Reduction Committee To Release 1 2 Trillion Plan By Thanksgiving
Representative John Garamendi (CA-3) introduced H.R. 1553 on March 6, 201It has since been referred to the Committee on Ways and Means. .For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the our website at , follow TSCL on Twitter or Facebook. .Based on consumer price index (CPI) data through April of this year, Johnson estimates that the COLA for 2021 will be zero. That estimate could change, however, since there are still five months of consumer price index data to be collected before the Social Security Administration announces the COLA in October. … Continued
The gap between prices was even higher for brand-name drugs, with U.S. prices 3.44 times more than those in the other countries. Meanwhile, prices for generic drugs are slightly lower in the U.S. than in most other countries. Unbranded generic drugs account for 84% of drugs sold in the U.S. by volume, the researchers found, but only 12% of U.S. spending. .Compare your drug and health plan options NOW during the Medicare Open Enrollment period before it ends on December 7th. Does your current drug plan even cover your expensive new prescription? If not, you need to check your other options. Chances are another plan will. Use the Drug and Health Plan Finder at www.Medicare.gov. Make sure you carefully enter every prescription drug you take in order to get a custom comparison of your best drug plan choices. Costs can vary by hundreds, even thousands, of dollars, and you may be very surprised by the savings from switching to a better plan. .The trillion Senate Republican stimulus proposal comes with a measure that could curb federal spending in the future by reducing costs tied to Social Security, Medicare, and highway trust funds. .In addition, eleven new cosponsors signed on to the Preventing and Reducing Improper Medicare and Medicaid Expenditures (PRIME) Act (S. 1123 and H.R. 2305) this week, bringing the total up to seventeen in the Senate and nineteen in the House. If signed into law, the bill would take a number of steps to prevent fraud, waste, and abuse within the two programs. It would enact stronger penalties, curb mistaken payments, phase out the "pay and chase" method, reduce physician identity theft, and improve data-sharing, among other things. The new cosponsors are Sens. Joe Manchin (WV) and Mike Johanns (NE), and Reps. Tim Griffin (AR-2), Diane Black (TN-6), Tammy Duckworth (IL-8), Ed Whitfield (KY-1), Reid Ribble (WI-8), Steve Womack (AR-3), Julia Brownley (CA-26), Tom Latham (IA-3), and Markwayne Mullin (OK-2). .To learn more about the problems of disability listen to the NPR story "Unfit for Work" The startling rise of disability in America. .The Senior Citizens League urges lawmakers to act responsibly to keep the federal government fully funded so that essential programs like Social Security and Medicare can operate as smoothly as possible. In the days ahead, we will keep a close eye on the evolving negotiations, and we will continue to advocate for legislative solutions that would strengthen and protect your Social Security and Medicare benefits. For updates, follow us on Twitter or visit the Legislative News section of our website every Friday morning. .This week, President Obama released his fiscal 2015 budget blueprint. In addition, The Senior Citizens League's (TSCL's) Board of Trustees traveled to Capitol Hill to meet with four lawmakers and their top aides, and TSCL saw . .Congressman Elijah Cummings (MD-7) – Chairman of the House Oversight and Reform Committee – announced his committee's investigation into twelve of the largest pharmaceutical companies in January. He said, "The goals of this investigation are to determine why drug companies are increasing prices so dramatically, how drug companies are using the proceeds, and what steps can be taken to reduce prescription drug prices." The first hearing that his committee held in the 116th Congress examined the causes of rising drug prices. .In exchange, annuities pay you a monthly income for the rest of your life, an income that can last 20 or 30 years. There are joint and survivor type annuities that continue the monthly income to your spouse after your death, and you can also buy annuities that have a 3 percent annual cost-of-living adjustment.