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Congressional Corner Washington Talking Protecting Expanding Social Security Not Cutting
The third piece of legislation they should pass is the National Defense Authorization Act (NDAA) for 202It has always been considered to be "must pass" legislation because it authorizes so many things for the military, including pay. But as we reported last week, President Trump has threatened to veto the bill because it doesn't contain a measure that he wants passed having to do with the regulations of social media like Twitter and Facebook. .Do you have a mortgage? A recent survey by national mortgage banker American Financing found that 44% of Americans between the ages of 60 and 70 have a mortgage when they retire. Of that group, almost one-in-three expect to be paying on their mortgage for at least eight more years. Life insurance can cover mortgage payments if you die, and a term life policy can be timed to end with debt payments. .Following the meeting at the White House, Congressman Welch told reporters: "It simply makes no sense for Medicare to buy wholesale and pay retail prices. As a businessman, President Trump understands that. I hope he helps us enact our legislation to provide urgently needed relief to consumers and taxpayers." In addition, Congressman Cummings said, "We had a productive meeting today … The President committed to reviewing our proposal, and he seemed enthusiastic about the idea." … Continued
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Legislative Update For Week Ending May 3 2019
What Do We Do Now? My Husband Lost His Job And Our Healthcare Coverage .Source: James W. Kelley & Joseph R. Humphreys, "Congressional Intent Concerning The Notch Issue: Legislative Background of the 1977 Social Security Amendments," 1994.Source: Congressional Research Service May 24, 1999 .If signed into law, the Medicare Physician Payment Innovation Act would repeal the sustainable growth rate (SGR) formula for physician reimbursements, and it would set up a five-year trial period during which the Centers for Medicare and Medicaid Services would test and evaluate new payment and delivery models. TSCL strongly believes that the SGR formula breeds uncertainty in the Medicare program for both physicians and beneficiaries. Many doctors have stopped accepting Medicare patients, and many more are threatening to do so if a permanent solution is not established soon. We believe that Rep. Schwartz's bill would bring increased stability to the Medicare program, and we were pleased to see four new cosponsors announce their support for it this week. … Continued
TSCL strongly supports legislation that would provide 70 million Americans with a one-time emergency COLA payment of 3.9% (0). The Seniors and Veterans Emergency (SAVE) Benefits Act (S.2251) was introduced by Senator Elizabeth Warren, and a companion bill was introduced in the House by Representative Alan Grayson, H.R. 4012. .Senate Group Proposes Medicare Phase-Out .The Senior Citizens League can be reached via e-mail at comments@ or you can reach us by telephone at 800-333-TSCL (8725). Our mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League consists of vocally active senior citizens concerned about the protection of their Social Security, Medicare, and veteran or military retiree benefits. .Without passage of the waiver legislation the Office of Management and Budget will impose the Medicare payment cuts at the end of the current congressional session. While Social Security, low-income programs such as Medicaid, and veterans' benefits are exempt from sequestration, Medicare payments can be reduced up to 4%. .Senate Subcommittee Considers Family Leave Proposal .As with nearly every other aspect of our lives, the coronavirus has changed the agenda of Congress. Discussion of a fourth big spending bill to deal with the pandemic began this week and all three sides (House, Senate, and the President) have set out their preliminary positions. .Marvin Moser, MD author of "The Patient As A Consumer" Yale University School of Medicine Heart Book, provides these eight questions to ask: .The Beneficiary Enrollment Notification and Eligibility Simplification (BENES) Act (H.R. 2575) also gained one new cosponsor this week, bringing its total up to seven in the House. If signed into law, the bill from Congressman Raul Ruiz (CA-36) would simplify the Medicare enrollment process and ensure that those nearing eligibility are adequately informed about the program's benefits. Its new cosponsor is Congressman Gus Bilirakis (FL-12). .If you're like most seniors, you probably depend on Social Security for at least half of your income. But how well does the annual cost-of-living adjustment (COLA) protect you from rising costs? TSCL will soon release some answers to this question with the results of its 7th Annual Survey of Senior Costs. In recent years these surveys have indicated that Social Security beneficiaries lose a considerable portion of their buying power — as much as 31 percent — in as little as the first decade of retirement.
