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  • Major Cola Cuts House Social Security Overhaul Bill

    The report's release coincided with two days of high-level White House negotiations that President Obama recently held with Senate Democratic and Republican leaders over reducing the federal deficit, ahead of the pressing debt limit deadline. The attractiveness of the proposal is not only the aforementioned enormous savings to the federal government, but the ingenious political cover. The change appears miniscule, the savings to the government low at first, and it's so complicated nobody except a government economist would even claim to understand it. .Interestingly, the big drug manufacturers do not like the new rule. A spokesperson for the Pharmaceutical Research and Manufacturers of America (PhRMA), the drug industry's largest trade group, said the rule is "unconscionable" for making it "harder for patients to use manufacturer cost-sharing assistance to lower their out-of-pocket costs for medicines." .The vast majority of illegal immigrants come to this country for jobs. To obtain one, they need documentation to show an employer. There's a huge underground business in the manufacture and distribution of phony or even stolen Social Security numbers (SSNs). According to media reports, counterfeit SSNs and papers can be purchased on the streets for under ,000. … Continued

  • Category Issues Medicare Part B Faqs Feed

    Do you have a low benefit and think you may be affected by hold harmless? TSCL would like to hear from you! Contact us at . .According to a report from Kaiser Health News, the skepticism is "Because whether it's sharing the credit for a legislative victory with the other party or running afoul of the powerful pharmaceutical lobby, neither Democrats nor Republicans are sure the benefits are worth the risks, according to several of those familiar with the debate on Capitol Hill. .The campaign consisted of collecting and organizing TSCL-supporter signatures by each Congressional district. A personalized letter addressed to nearly each House Member was drafted to clearly convey the needs of our supporters and issue a call to action asking each office to look more closely at these issues. For those who have supported our causes in the past, these letters served as a "thank you" for their support. For many, however, the petitions signaled a clear and powerful message on behalf of their constituents that the time had come to make a concerted effort to stand up for seniors' rights. … Continued

To help protect the buying power of benefits, TSCL supports legislation that would provide a modest boost in benefits, base COLAs on the Consumer Price Index for the Elderly (CPI-E) and guarantee a COLA no lower than 3 percent. To learn more, visit . .That does raise a fair question about conflict of interest: If something was not in the best interest of seniors but would raise millions of dollars for AARP through insurance sales, would AARP put principle ahead of profit? .The online survey, taken by 401 participants, was conducted in June and early July 2020. Here are some key findings: .You don't need to be a doctor to understand that Medicare-for-all would mean access to quality health care for none. So, as presidential candidates continue their road trip to ruin for rural America, remember that the hollow promises of a trillion government-run proposal would disproportionately affect the families who work every single day to feed and clothe you and your families. .The reserves held in the Social Security Trust Fund are special non-marketable bonds, or I.O.Us — money that the U.S. Treasury owes to the Social Security Trust Fund for revenues borrowed during years since the late 1980's when more payroll taxes were received than needed to pay benefits. "The federal government used those excess funds received in the past for other spending and replaced the funds with I.O.Us," Johnson explains. Since 2010 however, more has been paid out in benefits than revenues received. The reserves held by the Trust Fund are not actual cash revenues but bonds, so the funds that those I.O.U.s represent must be borrowed. Medicare benefits must also be provided for, which has led to major budget clashes in Congress in recent years. .Affordable Care Act – Monitor the continued implementation of the law as it affects older Americans. .Your chance to make some changes is coming up, November 15 through December 3Since Medicare's open enrollment period is in the middle of Thanksgiving and Christmas holiday season, your best bet is to do your homework by starting now. Here are some things you should know: .Budget Chair Revives Fiscal Commission Plan .Now I say neglect, because it's been 38 years since Congress has done anything to strengthen Social Security and 50 year since we have improved its benefits.