

News
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Legislative Update For Week Ending July 31 2015
Gathering support for the legislation, which would cap drug costs for Medicare beneficiaries and force drug manufacturers to provide Medicare inflation rebates, has been an uphill battle for Grassley over the past year. .Four Key Bills Gain Support .Finally, one new cosponsor – Rep. Joyce Beatty (OH-3) – signed on to the Social Security Fairness Act (H.R. 1795) this week, bringing the total up to ninety-four. If signed into law, the bill would repeal the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) – two provisions that unfairly reduce the earned Social Security benefits of millions of state and local government employees each year. … Continued
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Ask The Advisor September 2020
While more than 47 million citizens of the United States are Medicare beneficiaries, each day 10,000 newly eligible citizens enroll in the Medicare program. And, according to the non-partisan Congressional Budget Office (CBO), the Hospital Insurance Trust Fund — the fund that pays the Medicare bills — is projected to become exhausted in 202On top of this, the Department of Justice estimates that billion is lost each year from fraud in the Medicare program. .Budget Cuts Taking Toll on Congressional Staffs .Advocates for less government involvement in health care and instead letting the free market have a stronger role base their arguments on the idea that just like groceries or cars or clothes, consumers should be able to shop around and look for the best value in health care. … Continued
A new online survey by The Senior Citizens League (TSCL) finds that older Americans overwhelmingly want Congress to take action to lower the cost of prescription drugs by reducing Medicare Part D's out-of-pocket spending requirements. Fifty-six percent of participants in the survey indicate that they spend more than 2 a year on prescription drugs. About one-out-of-five retirees spends more than 0 per month on prescription medications. .According to TSCL studies, Social Security benefits have lost more than 31% of their buying power since 2000. "Yet the vast majority of seniors can't absorb any loss in buying power," Cates says. According to the Social Security Administration, 53% of senior households depend on Social Security for more than half of their income. The median income of seniors aged 65 and older is just ,757 – only 220% above the federal poverty level for an individual. .Legislation to allow the importation of less-costly FDA-approved prescription drugs from Canada and other nations is still pending in Congress, and TSCL continues to work for enactment. Seniors like you and your wife who order prescription drugs by mail from Canada faced a particularly tough decision about Medicare Part D. Either you enroll in a Part D plan and quite likely pay more than you do now, or don't enroll and face the risk of paying a steep penalty if you change their mind and sign up after the May 15 deadline. .Most working people pay Social Security taxes on every dollar earned and many pay more in Social Security taxes than in federal income taxes. Yet nearly one out of five workers — some 18% — pay no Social Security taxes on any earnings over the Social Security taxable maximum — which is 8,400 in 2018. .About one in five older and disabled Medicare beneficiaries has income so low that their state Medicaid programs pay some or most of their Medicare costs. That includes Medicare Part B premiums and out-of-pocket costs, as well as services that aren't covered by Medicare, such as vision, dental and nursing home care. .This week, one new cosponsor, Rep. Michael Fitzpatrick (PA-8) signed on to the Public Servant Retirement Protection Act (H.R. 2797), bringing the cosponsor total up to eight. If signed into law, H.R. 2797 would repeal the windfall elimination provision (WEP) from the Social Security Act and establish a new formula for equalizing benefits for those with non-covered earnings. TSCL is very supportive of the Public Servant Retirement Protection Act since it would go a long way in granting dedicated public servants the retirement security they deserve. We were pleased to see one new cosponsor sign on this week, and we hope that support continues to grow in the coming months. .To identify people in the country illegally, Medicare relies on information from the Social Security Administration in order to deny claims. The Social Security Administration receives data from the Department of Homeland Security and other agencies but CMS doesn't always receive information relating to unlawful presence in a timely manner, according to the Inspector General. .White House officials and public health leaders said they don't expect a vaccine to be widely available until March or April, which means wearing masks and other non-pharmaceutical measures will likely be the only option to reduce the spread of the virus until the end of February. .Early Thursday morning, following a seven-hour voting marathon, lawmakers in the Senate passed a budget resolution that includes instructions for four committees – two in the House and two in the Senate – to craft legislation to repeal the Affordable Care Act. The resolution passed with a vote of 51-48, without the support of any Senate Democrats. While casting her vote, Senator Claire McCaskill (MO) – who serves as the Ranking Member of the Senate Committee on Homeland Security and Governmental Affairs – said: "Because there is no replace, I vote no."