News

  • Social Security Medicare Questions August 2015

    Watch the latest video at video.foxbusiness.com .This week, the Senate returned from break and President Barack Obama delivered the State of the Union address. New co-sponsors were also added to a pair of Social Security bills, and negotiations continue on how to fund the "doc fix." .The FDA is working with vaccine and drug manufacturers to develop new vaccines for and find more drugs to treat COVID-19 as quickly as possible. Meanwhile, some people and companies are trying to profit from this pandemic by selling unproven and illegally marketed products that make false claims, such as being effective against the coronavirus. … Continued

  • Tighten Your Belts Prices Hurtling Skyward

    Under current law, employers withhold 6.2% in Social Security taxes from workers' earnings — an amount that employers match for a total of 12.4%. That money goes to the U.S. Treasury and is used to pay benefits to today's retirees. About 85 percent of all employees, pay Social Security taxes on every dollar earned. .Does Medicare Cover Eyeglasses? .2020 COLA Hold Harmless Issue Brief 9.2020 … Continued

Since 2000, COLAs have increased Social Security benefits a total of 55 percent, yet typical senior expenses through July 2021 grew 104.8%. The average Social Security benefit in 2000 was 6 per month. That benefit grew to ,262.40 by 2021 due to COLA increases. However, because retiree costs are rising at a far more rapid pace than the COLA, this study found that a Social Security benefit of ,671.20 per month (8.80 more) would be required just to maintain the same level of buying power that 6 had in 2000. .Katherine Estep, a spokesperson for Airlines for America, a U.S.-focused industry trade group, said the CDC has not confirmed any cases of transmission onboard a U.S. airline. .TSCL is happy to hear that. However, we also know that the big drug companies are spending millions of dollars lobbying heavily against legislation in Congress that would lower drug prices. So, we remain skeptical of his intentions until we actually see a proposal or proposals to do what he claims the drug companies want to do. .7 million immigrants have a Social Security number issued in their names — obtained either by using a fraudulent birth certificate, or overstaying a visa that has expired. The actuary said this group can "work, pay taxes, and have earnings credited to their record for potential benefits in the future." .While no one should try to be one's own physician, it is vital to establish good communication with your doctor. If you feel awkward asking these questions, consider bringing someone with you to appointments who can ask on your behalf. Sources: "The Patient As A Consumer," Marvin Moser, M.D., Yale University School of Medicine Heart Book. "Physicians Wade Into Efforts To Curb Unnecessary Treatments," Julie Appleby, Kaiser Health News, April 4, 2012. .The new RAND report is based on 2018 data and compares U.S. drug prices to those in other countries in the Organization for Economic Co-operation and Development. .The legislation now calls for a "one-time, one-year increase in the Medicare physician fee schedule of 3.75 percent" in 2021 "to provide relief during the COVID-19 public health emergency." ."It is not possible or believable that the infection control surveys accurately portray the extent of infection control deficiencies in U.S. nursing facilities," the report states. .With that in mind we remind you that the Federal Trade Commission has warned that anybody offering a chance to jump ahead on the statewide priority list for a vaccination in exchange for money is a scammer.