First, one new cosponsor – Representative Brian Fitzpatrick (PA-8) – signed on to the CPI-E Act (H.R. 1251), bringing the total up to fifty-three. If adopted, H.R. 1251 would make the Social Security cost-of-living adjustment (COLA) more adequate by basing it on the spending patterns of older Americans – not the spending patterns of young, urban workers. .TSCL is working for the re-introduction of the Notch Fairness Act. This. Benefit Bulletin: August 2012 TSCL Chairman Larry Hyland Congratulates Representative Mike McIntyre (NC-7) .Lawmakers Advance Short-Term Funding Measure .This week, Congressman Walter Jones (NC-3) introduced the Honesty in Consumer Price Index (CPI) Reporting Act (H.R. 3500), a bill that aims to make Social Security COLAs more fair and accurate for beneficiaries. It would accomplish this by requiring the Bureau of Labor Statistics (BLS) to report the CPI using the methodology that was employed back in 1980, around the time when COLAs first became automatic. .The Senior Citizens League is proud to endorse these three bipartisan bills and, in the months ahead, we will urge lawmakers to sign them into law. For frequent progress updates on these bills and the work of the Senate Finance and House Oversight Committees, follow TSCL on Twitter or visit the Legislative News section of our website. Additionally, you can share your story about rising prescription drug prices with our team right here. .In May, I introduced bipartisan legislation with Rep. Joe Heck (NV-R). Our plan, the Medicare Physician Payment Innovation Act (H.R.5707), ends the broken physician reimbursement system and replaces it with a new, long-term plan that will treat physicians fairly, improve patient outcomes, and reduce costs in Medicare. It also sets us on a long-term path toward greater quality, value, and fiscal responsibility in Medicare and will save billions for taxpayers over the long run. This bill has been endorsed by the Fleet Reserve Association, American Academy of Family Physicians, American College of Physicians, the American Geriatrics Society, and other leading organizations. .The jury is still out on value-based health systems, and whether they can save any significant amount of money remains to be seen. The Congressional Budget Office issued a recent report outlining a number of issues and unintended consequences such as providing an incentive for providers to improve their "quality rankings" by avoiding sicker patients. Critics say that the system places a new burden on primary care doctors that would potentially punish providers financially for patients' bad health habits and behaviors. .The Part D doughnut hole will be "closed" in 2020, but that doesn't mean that your out-of-pocket spending will stop. To the contrary, an unprecedented spike in Medicare's required out-of-pocket costs means you may pay more than you did in 201You will hit the former coverage gap around October or November, depending on whether the price of your prescription goes up. .These benefits are far from generous. Compared to other industrialized nations, we have one of the most paltry social insurance systems in the world. Seniors have an average Social Security benefit of only ,328 a month. This is not enough to keep someone in the middle class.