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  • Category Tscl Faqs

    This question is signficant in light of proposals to "reform" Social Security. Several proposals, including "progressive indexing" of the benefit formula, involve changes similar to those that were enacted in 1977 that led to the Notch disparity. When proposals to change the benefit formula are debated, Members of Congress, the media, and the public tend to focus on the anticipated percentage of reduction. The danger of doing this, however, is that the assumptions used at the time often bear little resemblence to what accually occurs. .How Much Would Delaying Retirement After Full Retirement Age Increase My Benefit? .A draft of the order is circulating inside the government and was obtained by Bloomberg News. "It is critical that we reduce our dependence on foreign manufacturers for essential medicines, medical countermeasures" to "ensure sufficient and reliable long-term domestic manufacturing" that prevents shortages and supplies to "mobilize our nation's public health industrial base" when needed, says the nine-page draft. … Continued

  • 2014 Legislative Update August 2014

    This week, the Obama administration released its much-anticipated 2013 budget proposal, and the House-Senate conference committee compromised on a deal to prevent payment cuts to Medicare physicians and extend the payroll tax holiday. In addition, four new cosponsors signed on to the Social Security Fairness Act. .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. .Because Medicare is such a crucial program, most members of Congress usually stumble over themselves to protect it. However, if the situation ever presents itself, they will use threats to Medicare to bash the other party. … Continued

By the end of this year, lawmakers could enact legislation that would trim Social Security benefits, threaten access to care for Medicare beneficiaries, and make millions of immigrants eligible for benefits based on illegal work. With so much currently at stake, it is more important than ever for seniors to learn about – and possibly challenge – the positions of their elected officials. .Congress should allow Medicare to negotiate drug prices by tying U.S. prices to prices paid in other industrialized countries like Canada, Great Britain and Japan where prices are lower. — 85 percent support, 13 percent not sure, and only 2 percent opposed. .Can you tell me how I can find out what my benefit and probable income from Social Security would be? I've heard some complaints about conflicting information. I turn 62 later this year. .With the November 4th elections now behind us, TSCL is gearing up for another action-packed year. This coming spring, the temporary "doc fix" will expire and Members of Congress will need to stave off another severe pay cut for doctors who treat Medicare patients. Failing to do so could jeopardize access to medical care for millions of senior citizens. TSCL will be advocating for a long-term solution that would repeal the sustainable growth rate formula, once and for all, and establish a permanent path forward. .TSCL Supports Bill To Kill The Medicare Cutting Board .Efforts to lower the cost of prescription drugs have been taking place at the state level as well as at the national level. This week the New Mexico legislature sent a bill to their Governor that aims to make the state among the first to work with the federal government on wholesale drug importation from Canada. States including Vermont, Maine, Colorado, and Florida have passed similar bills.Backers said importing lower-cost drugs from Canada would help people who can't afford their prescriptions amid rising costs in the U.S. .The order would broaden existing federal requirements for government agencies to prioritize buying supplies for medicines deemed "essential" from U.S. manufacturers, rather than companies in China or elsewhere around the world. .An Emergency COLA in 2021 Would Prevent Economic Insecurity and An Unprecedented Medicare Part B Premium Increase for Older Americans. .The uncertainty of Senate passage of the new legislation to waive the cuts to Medicare comes about because of the 2010 Statutory Pay-As-You-Go Act, which requires across-the-board cuts, known as sequestration, to "mandatory" programs if any new legislation increases the deficit.