Response To Politifact Georgia Claims
However, there are several steps an importer would have to take to be certified to import the drugs and they are costly. If the current FDA rules are kept in place it could be that states would not see significant savings in the costs of drugs, or even enough savings to justify the cost of setting up such a program. .According to an article last week in StatNews, a newsletter that covers health and medical issues, the answer seems to be "whichever one is available to you first." .Notes from Jessie Gibbons, TSCL Legislative Analyst … Continued
New Medicare Report Adequate Coverage Affordability Beyond Reach Many Low Moderate Income People
I turn 61 this year and I'm still employed. I've read about waiting until my full retirement age before starting Social Security benefits. Is that 66? Do I enroll in Medicare at the same time I start Social Security? .Congress and President Obama are battling over the federal budget, but supporters in Congress aren't about to forget Notch Babies. The Notch Fairness Act bills (H.R. 155) and (S.90) were introduced by Representative Mike McIntrye (NC-7) and Senator David Vitter (LA). They were among the first bills to be re-introduced in the new session. The bills would provide Notch Babies born from 1917 through 1926, or spouses who receive benefits on their account, a choice of ,000 payable in four annual installments or, an improved monthly benefit. .The Social Security COLA is provided to help protect the buying power of benefits when costs rise due to inflation. Yet even under the current method of adjusting benefits, Social Security benefits have lost 30 percent of buying power since 2000, according to a recent report released by TSCL. "Switching to the chained CPI would mean the erosion in the buying power of Social Security benefits would occur at faster rates than is already occurring today," says Johnson. "That puts retirees at higher risk of depleting retirement savings more quickly than expected, going into debt, and going without." According to Johnson's analysis, if the proposal were to take effect this year, average benefits would be about per month lower by 2026, and about per month lower in 20 years. … Continued
Some financial advisors say that there may be some tax advantages to taking money out now while valuations are lower. This information is not intended as investment advice. We strongly recommend that you contact the custodian of your 401(k) or your financial advisor and discuss a plan for your income needs and to explore potential sources of funds. .Sources: "Distributional Effects Of Raising The Social Security Taxable Maximum," Kevin Whitman, Social Security Policy Brief, July 2009, No.2009-0Lifting the Taxable Maximum Wage, Description of Proposed Provision: E2.2, Social Security Administration Office of the Actuary. .This week, one new cosponsor – Rep. Suzan DelBene (WA-1) – signed on to Rep. Peter DeFazio's (OR-4) No Loopholes in Social Security Taxes Act (H.R. 1029), bringing the total up to thirty-one. If signed into law, the bill would extend the solvency of the Social Security Trust Fund by subjecting all income over 0,000 to the Social Security payroll tax. Currently, the payroll tax cap sits at 7,000, and no income over that amount is taxed. .Here are some tips to identify false or misleading claims. .Too many doctors are prescribing large quantities of narcotics and addictive drugs that may be finding their way onto the streets, or putting patients at risk of addiction. The doctors, in turn, are accepting kickbacks and other "incentives" while billing Medicare for the cost. The following are just three of the examples from a new report from the Department of Health and Human Services Office of Inspector General: .Not surprisingly, TSCL surveys and email indicated that although Medicare costs continued to grow from 2010 to 2011, many seniors were forced to cut back and forego healthcare services. This undoubtedly was a major reason why government spending on Medicare remained relatively flat. The following table illustrates responses to a question from the TSCL 2011 Healthcare Cost Survey conducted in October 2011: .TSCL has been concerned that the coronavirus pandemic could accelerate the impending insolvency of the Medicare Trust Fund. With record numbers of Americans out of work, fewer payroll taxes are coming in to fund Medicare spending. At the same time, the number of beneficiaries is rising and, earlier this year, Congress accessed Medicare's reserves to fund COVID-19 relief efforts. .A powerful Congressional deficit reduction "super committee" is working on a plan, due by Thanksgiving, to lower the federal deficit by at least .2 trillion. "TSCL is deeply concerned that a change to a more slowly-growing 'chained' consumer price index (CPI) which is used to calculate the annual COLA boost may be part of the plan," says Larry Hyland, Chairman of TSCL. The proposal to switch to the chained CPI was given serious consideration in the closed-door debt limit meetings by Congressional leaders and President Obama earlier this summer. Switching to the chained COLA was proposed by two prominent deficit reduction commissions and has received support from both Republicans and Democrats. .If signed into law, the PRIME Act would increase fraud prevention efforts within Medicare and Medicaid. Among other things, it would enact stronger fraud penalties, curb mistaken payments, phase out the practice of "pay and chase," reduce the theft of physician identities, and improve the sharing of fraud data among agencies and programs.