News
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Congressional Corner August 2015
Today we are going to be hearing from people in their own words about Congress's neglect to help the very citizens we are sworn to serve. .Second, one new cosponsor – Representative Sean Patrick Maloney (NY-18) – signed on to the Improving Access to Affordable Prescription Drugs Act (H.R. 1776). The cosponsor total is now up to twenty-three. If adopted, this comprehensive bill would require the federal government to negotiate lower Medicare Part D prices, allow the importation of prescription drugs from Canada, and cap monthly prescription drug expenses at 0, among other things. .To learn how you can get involved visit . … Continued
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Legislative Update For Week Ending November 18 2011
The other big variable in health care is insuring against the risk of a big tab for long-term care. This is an area where we just don't have very good options right now. The market for private long-term care insurance doesn't function very well -- the cost of coverage has been soaring, and the number of insurance companies in the market has been shrinking. Medicaid is the country's biggest payer for nursing home bills, but you need to spend down to poverty levels to qualify and most often your care choices are limited. The other options are "self-insuring" paying out of pocket if you're very affluent, or if like many older senior Americans, you rely on family members for help. .You can go here to see the Mayo Clinic symptoms chart: .While many seniors rely on Social Security for nearly all their retirement income, for others it is part but not all their retirement. Those seniors have investments they rely on to generate the income they need in their retirement years. … Continued
The cuts were buried in a "must pass" debt limit bill that provided essential funding for more than 60 million recipients of Social Security and other federal benefits. Even though the Social Security Trust Fund is the single largest government account which is holding government debt, legislation is required to ensure repayment of even the smallest fraction of the .8 trillion the government owes to the Social Security Trust Fund. .We do not collect any other information unless it is voluntarily provided by the visitor, such as if you answer one of our surveys, make a donation and/or register on our site to receive news and important updates on issues affecting senior citizens. .Regrettably, this uncertainty persists during the on-going deficit reduction discussions. Those who received services paid for by Medicare will not be affected by the automatic budget cuts due to the failure of the Joint Select Committee on Deficit Reduction to reach a compromise. Nevertheless, I am concerned that providers are not also shielded from those cuts. That is why I am co-sponsoring H.R. 3519, legislation to protect Medicare providers from the 2 percent cuts that were part of the Budget Control Act of 2011. .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 is very supportive of the PRIME Act, since we believe that the failure to manage fraud results in higher taxes for all and higher premiums for Medicare beneficiaries. In addition, at a time when many deficit hawks are considering cuts to programs like Medicare and Medicaid, we believe it is critically important to ensure that scarce program dollars are being spent properly. TSCL looks forward to working with the sponsors of the PRIME Act to help build support for it, and we are hopeful that Congress will pass it into law by the end of the 113th Congress. .For the last couple of weeks we've also reported on a hearing by the House Committee on Oversight and Reform regarding the prices that drug companies are charging for some of their drugs that are critical for the health of many seniors. .Background Information: Once Congress returns from the August recess, they will only have until September 30th to raise the debt ceiling and prevent the government from shutting down. In the past, government shutdowns have meant a delay in payments for Social Security benefits, causing unnecessary fiscal hardship for many seniors. Question: What are you doing to ensure the government avoids defaulting on the federal debt? .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. .TSCL opposes legislative efforts that would make today's seniors and those nearing Medicare-age pay higher costs for their Medicare coverage.
