

News
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Legislative Update March 2015
Totalization Agreement .TSCL believes the current COLA is not sustainable for today's retirees and disabled beneficiaries, and is lobbying for legislation that would provide a minimum COLA of 3% in years in which inflation drops lower. What do you think? Visit TSCL's website at and take a poll. .TSCL acknowledges the fact that changes to programs like Social Security and Medicare will be necessary in the coming years, and we agree that changes should be made sooner rather than later to protect seniors from harsh benefit cuts. Our surveys show that seniors favor Social Security reform options that would require wealthier Americans to pay taxes on all of their earnings, and Medicare reform options that would better coordinate care and prioritize the prevention of fraud, waste, and abuse. … Continued
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Category Tscl In The News Page 10
TSCL agrees that improvements must be made to ensure that older Americans are better informed about their benefit claiming options, and we are hopeful that SSA will carefully consider the proposals made at Wednesday's hearing. In addition, TSCL hopes that Congress will appropriate adequate funding to SSA in the months ahead so that field offices around the country can provide the highest quality service possible to individuals nearing and in retirement. For progress updates, follow TSCL's advocacy efforts on Twitter. .TSCL is strongly opposed to any cut in the payroll tax and we have lobbied aggressively against one. The 2020 reports from the Social Security and Medicare Trustees projected that the Social Security trust funds will become insolvent in only 15 years. At that time, all Social Security beneficiaries would face a 21% benefit cut in benefits that would eventually go to 27%. .It's unlikely that Congress will move forward on this plan or any Medicare reform proposals before a critical election, but The Senior Citizens League will keep a close eye on the negotiations. … Continued
Congress already had deferred most employer payroll taxes for the rest of 2020, so the President is now attempting to defer workers' payroll taxes. This relief only applies to people who are working and collecting a paycheck. Most importantly for seniors, if the taxes were not repaid, it would move the Social Security Trust Fund more quickly toward insolvency. .In Virginia the law reduced unemployment benefits by half of a person's Social Security check. For example, someone who received ,000 per month in Social Security lost 0, or 5 from each weekly unemployment check. Social Security recipients were rightfully outraged and successfully lobbied the Virginia legislature for repeal of the unemployment "offset" rule. That repeal is now effective in Virginia and numerous other states. Check with your state unemployment commission to learn how Social Security might affect your unemployment benefits. .This week, one new cosponsor – Rep. Elijah Cummings (MD-7) – signed on to the Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1030), bringing the bill's total up to twenty-five. If signed into law, the CPI-E Act would base the Social Security cost-of-living adjustment (COLA) upon the spending patterns of seniors. Currently, it is based upon the way that young, urban workers spend their money – a method that underestimates the spending inflation that seniors experience. A study conducted by TSCL this year found that seniors have lost 31 percent of their purchasing power since 2000 – a clear sign that the current COLA is growing too slowly. .The Notch Fairness Act In House And Senate ."The high cost of prescription drugs forces people to do what we shouldn't have to do, like ordering drugs from Canada," says Susan. "I have a friend who went without one of her prescriptions because she didn't have the money, and she died of a stroke. Our government is not doing what it's supposed to do. It's a constant struggle and my husband hasn't retired yet because of our concern about the costs of his prescription drugs for which he currently gets good coverage from his job." .On Thursday, a group of four Senators – Rand Paul (KY), Mike Lee (UT), Lindsey Graham (SC), and Jim DeMint (SC) – unveiled a major new plan to transition Medicare enrollees into the same health care program offered to employees of the federal government, including Members of Congress. According to the group, the plan will "provide Medicare patients with the best health care in America and will forever protect seniors' interests by aligning them with self-interested politicians." .President Gives First State of the Union .Because Medicare doesn't negotiate drug prices, there are huge variations in cost for the same drug between drug plans, and even between pharmacies in the same plan. The difference in drug prices between the lowest and highest costing plans and pharmacies can be in the hundreds, or even thousands, of dollars. The high cost of drugs are the single biggest reason that people don't fill a prescription! But the most frequent reason that a drug costs so much more in the highest costing plan is lack of coverage by the drug plan —the drug is not listed on the plan's formulary. Sometimes, the pharmacy is not in the plan's preferred "network", and even preferred pharmacies can have significantly higher costs. For example, the lowest cost plan for Sovaldi, a drug used to treat Hepatitis C, charges ,600 in co-insurance (for a one-year treatment). The highest cost drug plan charges 0,800, the full cost of the drug, because Sovaldi is not on the plan formulary. The lowest cost plan for Advair Diskus, which is used to control and prevent symptoms of pulmonary disease, charges a co-pay of .33 per month from a mail order pharmacy, or the highest cost plan charges 6.62 per month because the drug is not on the plan's formulary. .This week, The Senior Citizens League's legislative team hand-delivered nearly eight hundred petitions to leaders in the Senate. The petitions urged lawmakers to support legislation that would boost Social Security benefits while strengthening the financing of the program by adopting the Social Security Expansion Act (S. 427).