News
-
Legislative Update For Week Ending May 10 2013
On Thursday – seven years to the day that the Affordable Care Act (ACA) was signed into law – lawmakers in the House were scheduled to vote on the AHCA. However, lacking the 218 votes needed to win passage, leaders postponed the vote. After last-minute changes were made to the text – including a repeal of the ACA's "essential health benefits" requirement – President Trump demanded a Friday vote. .In addition, the hold harmless provision does not apply to the premiums of Medigap supplements, Medicare Advantage, or Part D plans. Any increase in those premiums would lower the amount of Social Security benefits left to deal with other rising costs. .The real danger of traveling isn't the flight itself. However, going through security and waiting at the gate for your plane to dock are both likely to put you in close contact with people and increase your chances of contracting the virus. In addition, boarding — when the plane's ventilation system is not running and people are unable to stay distanced from one another — is one of the riskiest parts of the travel process. "Minimizing this time period is important to reduce exposure," wrote Corsi. "Get to your seat with your mask on and sit down as quickly as possible." … Continued
-
The Advisor Volume 16 No 7 September 2011 Feed
Spending Bill Dominates "Lame Duck" Session .The resolution's authors wrote, "Our plan would strengthen Medicare by offering future seniors guaranteed-coverage options – including traditional Medicare – regardless of pre-existing conditions or health history. All seniors will have the support they need to get the care they deserve." .Last week the U.S. House of Representatives announced it will not implement the President's directive for employees of the House, joining major companies in rejecting the option. … Continued
4 in 10 beneficiaries rely on Social Security for the majority of their income. .A study on the buying power of Social Security benefits by Johnson has found that Medicare Part B premiums are the single fastest growing cost that retirees have, increasing 195 percent since 2000. Most retirees also have premiums for a Medicare supplement (Medigap) and Part D drug plan, or a Medicare Advantage health plan with drug coverage. Medigap premiums have increased 158 percent since 2000, and out-of-pocket spending on prescription drugs increased 188 percent. .A California physician ordered 115 Schedule II drugs (the class at highest risk for addiction) for just one beneficiary in 200Medicare paid 5,711. .After receiving no cost-of-living adjustment (COLA) this year, Social Security beneficiaries will finally receive a raise effective January 1st. But the increase in benefits is so small, it will be the lowest payable COLA ever in the history of the program — raising a ,000 benefit by just .00. .Medicare Part B enrollees who don't receive Social Security benefits. This includes people who have delayed the start of Social Security benefits, and all people who are billed for Medicare. According to a report from the Kaiser Family Foundation, in 2013, about half of all people on Medicare who don't yet receive Social Security had incomes below ,000. .The debts in question involved cases decades old, and debts many taxpayers never even knew about — for benefits that were paid to their parents or guardians when they were children. If an overpayment is made on behalf of a child (such as survivors benefits) the child could be held liable years later as an adult. .The costs shown in the chart below assumed plan coverage started on September 1, 2017 for a new enrollee. The Medicare Drug Plan Finder cost estimates include premiums, and out-of-pocket cost sharing for 201Costs shown are estimates and the actual costs may vary somewhat depending on pharmacy used. The prices illustrated in the chart are likely to change for 2018. .In the absence of reliable data, we decided to ask the experts about the possibility of contracting the virus while on a flight. On the whole, airplanes on their own provide generally safe environments when it comes to air quality, but experts said the risk for infection depends largely on policies airlines may have in place regarding passenger seating, masking and boarding time. .Because of the advanced ages of Notch Babies, the cost of correcting the Notch is falling every day. TSCL estimates (in 2006) that the cost of Notch Reform would be about billion, or slightly less than .75 billion per year over the next four years. The billion could be financed without taking additional money from the Social Security Trust Fund. This could be done through cutting wasteful pork barrel spending and reducing fraud and abuse in government programs. In fiscal year 2006 alone, lawmakers spent about billion in pork-barrel projects (8). That doesn't include what the government lost to improper payments, fraud, and abuse. The Government Accountability Office estimated that for fiscal year 2005 government agencies improperly spent more than billion (9).
