News
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Category Issues Medicare Part D Bills
Under the cuts, House members have seen 948 fewer salaried positions in their offices. The 2012 budget calls for an additional 6.4 percent reduction and more cuts to Congressional staffs and office supplies. .Help! My Insulin Costs Skyrocketed. Health Plan Blames Covid-19! .On Thursday – one day later than promised – lawmakers on the House Ways and Means Committee released the text of legislation that will comprehensively reform the tax code if signed into law. Despite the delay, leaders in the House expressed their commitment to passing the legislation before the Thanksgiving recess begins on November 17th. Just eight legislative days remain before then. … Continued
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Legislative Update For Week Ending May 11 2012
You can receive Social Security benefits and unemployment benefits at the same time. But depending on the state where you live, the unemployment benefit amount might be reduced by receipt of a pension or other retirement income like Social Security. .August Congressional Recess Continues .In the final weeks of the 111th Congress, TSCL will continue working to prevent cuts to Social Security benefits that are already insufficient for too many of our nation's seniors. … Continued
According to that study, during a recent five-year period, Medicare spending on hundreds of medicines to treat various neurologic conditions, such as epilepsy and multiple sclerosis, rose 50%, but the number of claims increased only 8%. .The total cost for a single year of treatment with the nation's most expensive specialty drugs can cost more than the entire retirement savings for many retirees. The annual cost of the cancer drug Idhifa, for example, is 0,85According to a new study by the non-partisan Kaiser Family Foundation, the median out-of-pocket cost that Medicare Part D beneficiaries will pay out-of-pocket for specialty drugs in 2019 would be ,55Patients suffering from multiple sclerosis could pay an estimated out-of-pocket of ,409 in 2019 for Glatiramer acetate. Even on the "low side," the annual out-of-pocket for Hepatitis C drug, Zepatier runs ,622. .The Senior Citizens League supports legislation that would allow Medicare to negotiate drug prices, and limit drug price increases to the rate of inflation. .The Senior Citizens League enthusiastically supports the four bills mentioned above, and we were pleased to see support grow for them this week. For more information about these and other bills that have been backed by The Senior Citizens League, visit the Bill Tracking section of our website. .According to a 2013 Pew Research study, women tend to take time off work to have children or care for aging family members more often than men, and then wind up with zero or only low earnings during those years. This reduces the initial Social Security retirement benefit. If a woman works entirely as a stay-at-home mom or is a full-time caregiver and doesn't take a job with an employer or is not self-employed, this means she would only rely on survivor or spousal benefits based on her spouse's work record for financial support. .At a recent hearing from the House Ways and Means Health Subcommittee, experts in the MA field warned that their plans will not be able to absorb the looming cuts, and they will likely have to trim benefits or increase out-of-pocket costs as they are phased in over the next decade. One witness, Chris Wing – the CEO of SCAN Health Plans – said his MA plan that covers nearly 200,000 seniors in California and Arizona will have to begin limiting provider networks or withdraw from a few markets altogether. .Finally, in May, TSCL hosted a "Welcome Reception" on Capitol Hill for all Members of the 113th Congress and their aides. The event offered TSCL's Board of Trustees, legislative team, and staff the opportunity to speak with lawmakers about the issues that matter most to seniors. In total, more than 125 Members of Congress and/or staff were in attendance, and many of them expressed their support for key bills, making the event a great success. .Last week Rep. Tim Walburg (R- Mich.) introduced a bill, H.R.2266, that would amend title II of the Social Security Act to provide for a minimum annual cost-of-living increase for Social Security benefits. .Currently, when hold harmless is triggered on a nationwide scale there is no provision of law to finance the unpaid portion of Medicare Part B premium increases. Instead, the entire burden of Part B costs is spread over a much smaller number of individuals, which is the 30 percent of Medicare Part B enrollees who are not protected by the hold harmless provision. This has led to significant spikes in Medicare Part B premiums during the hold harmless years, and in 2018 when a COLA finally became payable, to steep jumps in premiums for those whose Medicare Part B premiums were held lower in 2016 and 2017.
