Congressional Corner Two Social Security Provisions That Need To Be Fixed
The report found at least 6.5 million active Social Security numbers belonging to people who are now at least 112 years old. While people are living longer these days, they're not living that much longer. According to a story by Stephen Ohlemacher of the Associated Press, as of last fall there were only 42 people known to be that old in the entire world. .In addition, one new cosponsor signed on to the Beneficiary Enrollment Notification and Eligibility Simplification (BENES) Act (H.R. 2575), bringing the total up to eighteen. The new cosponsor is Representative Seth Moulton (MA-6). If signed into law, the BENES Act would simplify the Medicare enrollment process and better inform those approaching Medicare eligibility about their future benefits and the application process. .Be suspicious of products that claim to treat a wide range of diseases. … Continued
Weekly Update For Week Ending September 5 2020
Medicare's 2021 physician fee schedule would've cut payments for radiology by 10%; physical/occupational therapy by 9%; anesthesiology and cardiac surgery by 8%; critical care by 7%; general surgery by 6%, and infectious disease by 4%. .Wages were lower than expected and initial retirement benefits for Notch Babies were calculated on lower average earnings. Thus, benefits were lower than anticipated. In addition, inflation grew at double-digit rates over the same period, yet the new benefit formula failed to fully account for inflation for many Notch Babies, especially those who delayed their retirements (5). .Medicare Has a Tele-Scam Problem Telephone scammers are bilking Medicare out of billions of dollars, and bombarding millions of older U.S. consumers with multiple daily automated phone calls for everything from "free" back braces to genetic tests. While Medicare scams have been with us for decades, what's new is the use of automated calling technology, and the massive international scale. Medicare Advantage Insurers Overcharged Medicare By Nearly Billion Medicare Advantage plans have overcharged Medicare by almost billion in recent years, but so far officials have only recovered a small fraction of that money. The federal government has announced it is stepping up efforts to recover those funds and TSCL is closely watching to see that it does. … Continued
With So Much At Stake It's Time to Challenge Elected Lawmakers! .Many of these proposals to improve Social Security benefits for women will, and should, also benefit men who took time out of their working careers to care for someone else. However, because women are more likely to outlive their husbands and take care of children, TSCL believes these proposals can particularly help women who gave so much to others, and deserve protection in return. To learn more about these and other proposals that would strengthen Social Security benefits for mothers and caretakers, visit our website at . .In presenting the award, TSCL Chairman Larry Hyland stated: "Congressman McIntyre's dedication and commitment to defending the benefits of seniors is greatly appreciated and has not gone unnoticed … By taking a stand, he brings seniors one step closer to the retirement security they deserve." TSCL was pleased to announce Rep. McIntyre as the recipient of the 2012 Seniors Advocate Award this week, and we are grateful for his hard work on behalf of seniors across the country. .In addition, one new cosponsor signed on to the Beneficiary Enrollment Notification and Eligibility Simplification (BENES) Act (H.R. 2575), bringing the total up to eighteen. The new cosponsor is Representative Seth Moulton (MA-6). If signed into law, the BENES Act would simplify the Medicare enrollment process and better inform those approaching Medicare eligibility about their future benefits and the application process. .Some Medicare Advantage plans offer low cost dental insurance as an additional benefit. Before adding the coverage, always look into the details. Coverage can be very skimpy for the money, and you might be able to find better coverage for the same amount of money from a stand-alone dental plan. ."AbbVie is one of 33 member companies of the industry's top lobbying group, PhRMA, which raised nearly 0 million from membership dues in 2018, the most recent year for which data is available. But AbbVie's political action committee is one of just two pharmaceutical company PACs to donate the maximum ,000 to PhRMA's federal PAC since 2013, a potential indicator that AbbVie was highly motivated to influence legislation," according to a report on Salon.com. .TSCL supports legislation that would lift or eliminate the Social Security taxable maximum. Such a change is estimated by Social Security Trustees to eliminate 67% of Social Security's long-term shortfall over 75 years while improving retirement security. .Officials in Canada said at that time that this would not be an effective approach to reducing drug prices in the U.S. since the Canadian market is small, representing only 2% of global pharmaceutical sales, compared to 44% south of the border. .TSCL agrees that lawmakers must take action soon to stabilize the individual health insurance market and to bring down skyrocketing prescription drug prices. In the coming months, our legislative team will continue to monitor and support legislation like the Improving Access to Affordable Prescription Drugs Act (S. 771, H.R. 1776), which would reduce costs and improve care for older Americans. For updates on this bill and others like it, visit the Bill Tracking section of our website or follow TSCL on Twitter.