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    It remains unclear, however, how broadly the order will be implemented — the executive order does not specify what drugs it covers. Instead, the order directs the Food and Drug Administration to decide which medicines will be subject to the new requirements. Certain drugs can also be exempted from the executive order if they are too expensive to make in the U.S. or the U.S. is not already making them. .(Washington, DC) – Providing a cost-of-living adjustment (COLA) in 2016 should be the next top priority for Congress, according to a new poll of retirees released today by The Senior Citizens League (TSCL). When asked, "Which of the following should be the most important priority for Congress in the next few months?" the majority of poll respondents — 34 percent — said that Congress should "Provide a higher and more fair COLA." In October the Social Security Administration announced that inflation is so low there would be no COLA next year. "But Social Security beneficiaries today are struggling to keep up with rising costs, and next year's zero COLA will put them even further behind," says TSCL Chairman, Ed Cates. .The U.S. – Mexico Totalization Agreement—which was signed by the Social Security Administrations of both the U.S. and Mexico in 2004, and is due to undergo review by the current or future President(s)—continues to pose a threat to Social Security beneficiaries. Because of a loophole, if the President signs the final Executive Totalization Social Security Agreement with Mexico, it could lead to Social Security benefits going to individuals who worked in the U.S. while illegal. … Continued

  • Drug Company Ceo Discusses Lowering Drug Prices

    A new online survey by The Senior Citizens League (TSCL) finds that older Americans overwhelmingly want Congress to take action to lower the cost of prescription drugs by reducing Medicare Part D's out-of-pocket spending requirements. Fifty-six percent of participants in the survey indicate that they spend more than 2 a year on prescription drugs. About one-out-of-five retirees spends more than 0 per month on prescription medications. .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." .Last year Americans were told that one of the ways to prevent being infected with Covid-19 is to wash hands frequently and for at least 20 seconds, and if that was not possible, use hand sanitizer. That resulted in a run on hand sanitizers and for awhile they were difficult to find. … Continued

"The ability to withstand major downturns in the economy is particularly important in retirement, yet extraordinarily difficult for today's retirees and those nearing retirement," says Johnson. "There are a number of factors that are reducing available retirement income from traditional sources," Johnson says. .We will get through this. .Budgeting for changes in health as we age is a challenge. What we can do, though, is give you some pointers in estimating your current costs and setting a healthcare cost budget. .Coronavirus and the U.S. Drug Supply .This week, The Senior Citizens League (TSCL) announced its support for new legislation that would strengthen and expand the Social Security program, and the federal government reopened after lawmakers and President Donald Trump approved a short-term continuing resolution (CR). .GOP Backs off "No New Taxes" Stance .This week, the 115th Congress convened and lawmakers in the Senate took the first steps towards a repeal of the Affordable Care Act. .Medicare Advantage Plans May Offer New Supplemental Benefits, .Finally, two new cosponsors – Reps. Carol Shea-Porter (NH-1) and Juan Vargas (CA-51) – signed on to the Empowering Encore Entrepreneurs (E3) Act (H.R. 4613), bringing the total up to four. If signed into law, the E3 Act would direct the Small Business Administration (SBA) to increase training and mentoring efforts for older entrepreneurs. More than 7 million older Americans are currently self employed, but many of them lack the training and technical expertise that is necessary in order to see success. By expanding outreach efforts, the SBA can help empower seniors and enhance their ability to revitalize the economy.