News

  • Ask The Advisor July 2011 Advisor Feed

    In fact, generic medicines represent around 90 percent of all prescriptions dispensed in the U.S., and we depend on China for 80 percent of the core components to make our generic medicines. .Early Efforts to Hold Congress to Its Promise Leads to a Notch Commission .Last year Americans were told that one of the ways to prevent being infected with Covid-19 is to wash hands frequently and for at least 20 seconds, and if that was not possible, use hand sanitizer. That resulted in a run on hand sanitizers and for awhile they were difficult to find. … Continued

  • House Passes Bill To Stop Cuts In Medicare Payments But Senate Passage In Doubt

    SGR Talks Stall as Deadline Looms .Carefully protect personal information, including your full name, address, bank account, and Social Security numbers. Never give that information out to unsolicited callers. .This week, Members of Congress returned to Washington to begin working on a temporary measure that would avert a government shutdown on October 1st. In addition, The Senior Citizens League (TSCL) announced its support for one new piece of legislation, and three key bills gained cosponsors. … Continued

Pre-Election Recess Continues .One is that vaccines for the flu and pneumonia may be protective because the two diseases they are designed to prevent are known to affect the brain. Another possibility involves evidence linking Alzheimer's to a general weakening in the immune system and to changes that allow more bacteria and viruses into the brain. .An immigration program launched by the Obama Administration two years ago has issued valid, work-authorized Social Security numbers to about 600,000 applicants who attest to be in the country illegally. The program, known as "Deferred Action For Childhood Arrivals," is one of a series of administrative amnesty initiatives by President Obama to stop deportations of immigrants and let undocumented immigrants who meet the qualifications work in this country despite illegal status. Now immigration activists are pressuring President Obama and Members of Congress to expand the Deferred Action program, or pass immigration reform. .In addition, Many Members of Congress have gone on the record saying that they would prefer to pass a short-term spending measure that would provide funding only through March of next year. That way, Republican majorities in both chambers would have more leverage when the issue is revisited. In an interview last week, Rep. Tim Huelskamp (KS-1) stated: "It doesn't make any sense to me to say, ‘Let's negotiate before we have a better position.'" Many lawmakers in the House and Senate seem to feel the same way. .Sources: The Prescription Drug Pricing Reduction Act of 2019, Description of the Chairman's Mark, Senate Committee on Finance, July 25, 201"GOP Senators Distance Themselves From Grassley and Trump's Efforts to Cut Drug Prices," Emmarie Huetteman, Kaiser Health News, July 25, 2019. .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). .Could you tell me the advantages and disadvantages of life insurance once we start Social Security? Doesn't Social Security pay widow's benefits? Do we really need life insurance if we have a (401)k and IRA savings? .This week, one new cosponsor, Rep. Michael Fitzpatrick (PA-8) signed on to the Public Servant Retirement Protection Act (H.R. 2797), bringing the cosponsor total up to eight. If signed into law, H.R. 2797 would repeal the windfall elimination provision (WEP) from the Social Security Act and establish a new formula for equalizing benefits for those with non-covered earnings. TSCL is very supportive of the Public Servant Retirement Protection Act since it would go a long way in granting dedicated public servants the retirement security they deserve. We were pleased to see one new cosponsor sign on this week, and we hope that support continues to grow in the coming months. .Changes to federal immigration policy affect the revenues that Social Security and Medicare receive and would also increase the number of people eligible for benefits in the future, according to the Congressional Budget Office. Both Social Security and Medicare face solvency and funding challenges.