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    If signed into law, H.R. 1811 would base Social Security cost-of-living adjustments on the Consumer Price Index for Elderly Consumers (CPI-E) and gradually phase out the cap on income subject to the payroll tax. .New Virus Relief Bill Could Affect Social Security and Medicare .The President's favored nations rule has also upset conservative groups along with the industry and patient organizations. Some of those groups had launched a media campaign against the proposal before Trump actually announced it. … Continued

  • Social Security Benefits Lose 34 Buying Power Since 2000 2019 Cola Top 3 3

    Graves can't understand why the pricing is going unchecked by the federal government. "This needs to be investigated," she says. "People who don't have good Part D coverage or the money to pay for their drugs would be forced to go without," she protests. "It's GREED, GREED, GREED!" ."'We trace this mortality effect to cutbacks in life-saving medicines like statins and antihypertensives, for which clinical trials show large mortality benefits,' the researchers wrote. .This week, TSCL endorsed one new bill sponsored by Congressman Eliot Engel (NY-16) – the Guaranteed 3 Percent COLA for Seniors Act (H.R. 3588). If signed into law, the bill would base Social Security cost-of-living adjustments on an inflation index specifically for seniors, and it would guarantee a minimum increase of 3 percent each year. … Continued

Thousands of nursing homes across the country have not been checked to see if staff are following proper procedures to prevent coronavirus transmission, a form of community spread that is responsible for more than a quarter of the nation's Covid-19 fatalities. .Among the bills that make up the GOP plan is one that would establish congressional review boards to examine the long-term solvency of the three trust funds, a topic that long has been politically fraught. .In a draft of regulations the FDA gave the following example: "if a person decides to produce and sell raw vegetable juice for use in juice therapy to promote optimal health, that product is a food subject to the requirements for foods … including the hazard analysis and critical control point system requirements for juices. If the juice therapy is intended for use as part of a disease treatment regimen instead of for general wellness, the vegetable juice would also be subject to regulation as a drug under the act." .My mom was recently diagnosed with Alzheimer's disease. What benefits does Medicare cover for this condition? .In fact, generic medicines represent around 90 percent of all prescriptions dispensed in the U.S., and we depend on China for 80 percent of the core components to make our generic medicines. .Surprise! Recent Budget Law Accelerates Closing Of Medicare Part D Doughnut Hole .Nevertheless, Congress is considering ways to "redesign" Medicare. The Congressional Budget Office (CBO) estimates that changing the cost-sharing rules for Medicare and restricting Medigap coverage would save the federal government 4 billion over the next ten years.[1] Medicare supplements, better known as Medigap, cover Medicare's deductibles and other out-of-pocket costs. The plans are popular with seniors because they provide financial certainty by reducing unexpected out-of-pocket expenses. .(Washington, DC) – Medicare doesn't have the authority to negotiate drug prices, leaving millions of older Americans at risk of price gouging for their prescription drugs, according to a new comparison of drug plans by The Senior Citizens League (TSCL). "Because Medicare isn't negotiating on our behalf, there's no consistency in drug pricing among drug plans," states TSCL's Medicare policy analyst, Mary Johnson, who performed the comparisons using the Medicare website's Drug Plan Finder. Costs vary enormously between plans. "The disparity in pricing for the same drug can be in the hundreds of dollars," says Johnson. .Contributing: Nathan Bomey and Robert Powell