News

  • Seniors Lose 34 Percent Of Their Buying Power Since 2000 2012 Annual Survey Of Senior Costs Finds Expenses Have Increased More Than Twice As Fast As Social Security Cola

    The FDA is working with vaccine and drug manufacturers to develop new vaccines for and find more drugs to treat COVID-19 as quickly as possible. Meanwhile, some people and companies are trying to profit from this pandemic by selling unproven and illegally marketed products that make false claims, such as being effective against the coronavirus. .You can also sign a petition to your Members of Congress, find contact information for your Senators and Representatives, and stay updated with the latest news on Capitol Hill. .Until then, many Members of Congress will attend local events and hold town hall meetings. The Senior Citizens League (TSCL) urges its members and supporters to attend town halls in the coming weeks, since they are an excellent opportunity for constituents to communicate with their elected officials and have their most pressing concerns addressed. … Continued

  • Best Ways To Save On Medicare Costs

    Given the above story about how Medicare users pay so much more for drugs than Medicaid users, could this be the year we finally win? .This week, the House of Representatives was scheduled to consider legislation which would repeal the health care reform law. However, due to the tragic shooting in Arizona over the weekend—which left six people dead, eleven wounded, and Congresswoman Gabrielle Giffords (AZ-8) clinging to life—the House schedule was cleared. .Senate Group Proposes Medicare Phase-Out … Continued

For information about town hall meetings near you in the days ahead, call the local offices of your elected officials. You can find contact information for your Members of Congress right here. .It will take true leadership in Congress and the White House to save Medicare and face the reality of the situation: if we do nothing, which has been the status quo for years, Medicare as we know it will cease to exist. I am committed to doing all that can be done to ensure a strong and healthy Medicare program for America's seniors. .On Thursday, the Joint Select Committee on Deficit Reduction held their second public hearing, which focused on revenue options and reforming the tax code. The Committee heard testimony from Thomas Barthold, Chief of Staff of the nonpartisan Joint Committee on Taxations. .Case 2— A man born in Mexico worked under his father's SSN for 9 years and then had these wages transferred when he acquired his own SSN before collecting retirement benefits. From 1999 to 2002 he collected approximately ,441 in retirement benefits, including benefits for dependents based on his account. Estimated benefits over 20 years — ,300. .This week, three new cosponsors – Reps. Bradley Schneider (IL-10), Matt Cartwright (PA-27), and Andre Carson (IN-7) – signed on to Rep. Peter DeFazio's (OR-4) Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1030). The cosponsor total is now up to eighteen. If signed into law, Rep. DeFazio's bill would base the Social Security cost-of-living adjustment (COLA) upon the spending patterns of seniors. Currently, it's based upon the way young, urban workers spend their money – a method that underestimates the spending inflation that seniors experience each year. .Since the government transitioned from paper checks to less expensive electronic payment methods, the Social Security Office of Inspector General (OIG) has been investigating unauthorized changes to direct deposits that redirect seniors' benefit payments into accounts set up by crooks. As of June 1, 2013, the OIG's office has received more 50 reports per day involving attempts to make such a change, most often involving redirecting benefits to the prepaid Direct Express debit card accounts. .When he issued the orders President Trump gave the drug industry until Aug. 24 to find a suitable alternative to one of his drug pricing plans. He also announced that he would be meeting with drug company executives last Tuesday to begin discussions about a different plan. .The number of observation patients has exploded 88 percent over the past six years, according to the Medicare Payment Advisory Commission. Medicare has tightened rules for hospital admissions, and usually won't pay for admitted patients who should have been designated as observation status. Consequently, hospitals have increased their share of observation patients. But the rule is not the same for people's private insurance like Medicare Advantage. Most Medicare Advantage plans don't require their enrollees to have a three-day hospital admission in order to receive nursing home coverage, according to an analysis by Avalere Health research firm. .No further information about the bill is available at this point but as soon as it is TSCL will review it to determine whether we will support it.