News
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Cola Cuts Come Under Study Feed
To stay updated on TSCL's legislative efforts and their progress in Congress, visit the Legislative News section of our website. You can also find us on Facebook or Twitter for more frequent legislative updates. .TSCL enthusiastically supports the Strengthening Social Security Act and the Social Security Fairness Act, and we were pleased to see support grow for both of them this week. .This week, The Senior Citizens League was pleased to see support grow for three important bills that would strengthen the Social Security program and reduce prescription drug prices for Medicare Part D beneficiaries if signed into law. … Continued
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Category Issues Cola Articles Page 2
On Thursday, lawmakers in the House began considering legislation (H.R. 1190) to repeal the IPAB, the unelected 15-member board that was created by the Affordable Care Act (ACA) to manage Medicare's growth. The House Ways and Means Committee advanced the bill with a vote of 31-8 two weeks ago, and earlier this week it was approved by the House Rules Committee. .The Senior Citizens League believes the inflation index that is currently used to calculate the COLA – the Consumer Price Index for Urban Wage Earners (CPI-W) – underestimates the inflation that Social Security beneficiaries experience largely because it fails to account for rising Medicare costs. ."Most people 65 and over take more than one prescription drug, so to get the lowest-costing plan that's right for you, people need to do a drug plan comparison based on all the drugs they currently take, " Johnson explains. "In addition, you should carefully compare prices at network retail pharmacies as well as mail order — those prices can also vary significantly," Johnson notes. … Continued
As a result, experts have been saying that even people who have been vaccinated should continue to wear masks and keep their distance from others. .For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the our website at , follow TSCL on Twitter or Facebook. .Federal law requires that any reduction in payroll tax revenues going into the Social Security Trust Fund must be replaced dollar-for-dollar with general revenues from the U.S. Treasury. Consequently, a temporary extension of the payroll tax cut will have no effect on the Social Security Trust Fund. .Sources: "The Long-Term Budget Outlook," CBO, June 20"CBO: Deficit Would Soar In Coming Decades Despite Obama's Health Overhaul," Lori Montgomery, The Washington Post, June 30, 2010. .Alexandria, V An overwhelming majority of seniors oppose two Medicare changes that are among the most widely - discussed reforms in Congress, according to a new survey by The Senior Citizens League (TSCL). Eighty-one percent of seniors strongly oppose a proposal that would impose a significantly higher annual deductible while restricting supplemental Medigap plans from covering the cost. Only 1 percent of those responding favored the idea. Seventy - four percent also strongly oppose replacing Medicare with a premium support system of private health plans, and giving beneficiaries a premium subsidy or voucher to shop for a new health plan. Just 5 percent said they favored this idea. "Both plans shift costs to seniors, something the vast majority can ill afford," says TSCL Chairman Ed Cates. .Medicare is currently prohibited from covering most hearing, vision, and dental services, even though millions of seniors are afflicted with age-related hearing loss, low vision, and poor oral health. When left untreated, these conditions often result in serious injuries and complications. What do you feel should be done about this? .What is the full retirement age for Social Security? .A new report has found that millions of senior Americans are missing out on over billion in benefits that help pay for healthcare, prescriptions, food, and utilities. TSCL is concerned that many Notch Babies may be missing out on these benefits that help those with limited income and resources, because they may not realize they are eligible. Many seniors struggle to pay for daily necessities like healthcare, medicine, housing, home energy and food. In addition many of these same older adults have one or more chronic health conditions like cancer, heart disease, diabetes, or arthritis resulting in higher healthcare costs and limitations on daily activities. .New Analysis Says Social Security/Medicare in Worse Shape Now than Earlier This Year
