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  • Category Tscl In The News Page 11

    According to The Hill, the legislation would, "… completely change the way the U.S. pays for drugs, saving the federal government more than 6 billion over 10 years, according to an analysis by the nonpartisan Congressional Budget Office (CBO). .This week, lawmakers in the House and Senate voted to begin conference negotiations on legislation to overhaul the tax code. Representatives in the House passed their tax reform bill last month, and Senators in the Senate passed their version last Friday, with a vote of 51-4Members of the bicameral conference committee have been busy ironing out the differences between the two bills this week, and they hope to have a deal reached before they adjourn for the holiday recess on December 22nd. .Nineteen percent (19%) postponed filling one or more prescriptions due to price spikes caused by coronavirus shortages or supply chain disruptions. … Continued

  • Legislative Update For Week Ending August 22 2014

    Seventy-eight percent of older voters participating in TSCL's survey say they support raising payroll taxes, eliminating the taxable maximum wage cap so that everyone pays Social Security taxes on all earnings over 8,500. Unlike low - and middle - income wage earners, the highest earners today only pay taxes on the first 8,500 in earnings and enjoy a huge Social Security tax break on all on wages over that amount. A clear majority — 62% of survey participants — also favors very gradually increasing the payroll tax rate by 1% each for workers and employers. Taken together, both changes would provide enough financing to keep the program solvent for more than 50 years. .The basic science that has allowed the small company to move so rapidly was developed with a huge prior infusion of federal money to come up with a treatment for diseases like Zika. ."Social Security Stops Trying To Collect On Old Debts By Seizing Tax Refunds," Marc Fisher, The Washington Post, April 14, 2014. … Continued

Support Grows for Key Bill .The Affordable Care Act made changes that slowly close the doughnut hole, but it's a lot like trying to fill a bathtub when the drain is still open. In 2017, those who fall into the coverage gap will have lower coinsurance, paying 40% of brand-name prices and 51% of generic prices. In 2018, those numbers will fall to 35% and 44%, respectively. And in 2020, they will be responsible for the standard 25% of the costs of both brand-name and generic drugs. However, beneficiaries will continue to be saddled with an ever-growing out-of-pocket maximum that must be paid before catastrophic coverage begins. Over the next eight years, that maximum will grow from this year's ,850 to ,300 in 2024. .If adopted, H.R. 1716 would prohibit unauthorized workers from receiving Social Security benefits based on work done while in the country illegally, using stolen, fake, or fraudulent Social Security numbers. TSCL was pleased to see support grow for H.R. 1716 this week, and we will continue to advocate for it on Capitol Hill in the months ahead, since we feel that protecting the integrity of the Social Security program is of utmost importance. .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. .In his opening statement, Congressman Buddy Carter (GA-1) – the sole pharmacist in Congress – said, "I'm disgusted that we're here today to talk about drug price increases … I know free market principles are the best way to provide quality, affordable health care to the American people. But what was done here was different. Perverse business practices were employed to exploit a patient group trying to do nothing more than to extend their lives … I'll tell you that you can meet your shareholders' needs, that you can meet your board's needs, and still take care of the American public." .TSCL's Board of Trustees on Capitol Hill .The following Members of Congress, among others, will hold town halls this weekend: Sens. Jim Risch (ID), Pat Roberts (KS), Deb Fischer (NE), Tom Coburn (OK), and Charles Grassley (IA), and Reps. Mark Amodei (NV-2), Lou Barletta (PA-11), Dan Benishek (MI-1), Kathy Castor (FL-14), Tim Huelskamp (KS-1), Bill Johnson (OH-6), Derek Kilmer (WA-6), Mark Meadows (NC-11), Markwayne Mullin (OK-2), Kristi Noem (SD), Todd Rokita (IN-4), Keith Rothfus (PA-12), Rob Woodall (GA-7), Joe Barton (TX-6), Julia Brownley (CA-26), Mike Coffman (CO-6), Jim Gerlach (PA-6), Dennis Heck (WA-10), Beto O'Rourke (TX-16), and Mark Takano (CA-41). ."If you look at the science across all diseases, you see few outbreaks" on planes, Allen said. "It's not the hotbed of infectivity that people think it is." .Alexandria, VHow much will the Social Security cost – of – living adjustment (COLA) boost your benefits? "Probably not enough to prevent a loss of benefit buying power," says Ed Cates, Chairman of The Senior Citizens League (TSCL). The Social Security Administration recently announced that beneficiaries would receive a 1.7 percent COLA effective January 2015, making the sixth consecutive year of exceptionally low growth in benefits. With the average Social Security payment hovering around ,200 per month, the COLA would boost benefits by around .00.