News
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Benefit Bulletin August 2013
Increase the taxable maximum wages. Raise the maximum wages upon which Social Security is paid, currently 6,800. .Democratic leaders believe the measure could save almost half a trillion dollars if it were to pass. And while it would be much more likely to be brought up for a vote, the uncertainty about whether it could pass in the Senate remains. .However, price negotiations could be included later this year in a reconciliation bill, a fast-track budgetary move that only needs 51 votes to pass the Senate and cannot be blocked using a filibuster. … Continued
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Category Legislative News Page 62
House Passes Prescription Drug Legislation .The Chairman of the House Armed Services Committee, Adam Smith (D-Wash.) has announced that if the bill is vetoed the House will come back into session over the holidays and vote to override. .What you can do? Tell others! Describe what you are doing to manage your Medicare costs on a Social Security budget. Send your story to your Members of Congress, to the editor of your local newspaper, and to TSCL! … Continued
The authors of the study concluded that unless the overall trend stabilizes or is reversed, or high cost-to-claim drugs are addressed, this trend will place an increasing burden on the neurologic Medicare budget. .We have a deep moral obligation to ensure our seniors receive quality, affordable healthcare. We have an equal obligation to our children to pass on an America rich in opportunity and free from the bonds of debt. That is why resolving this problem is one of my top priorities. .And it will not feel like a bargain if we get free or cheap vaccines during a pandemic but pay dearly for annual COVID-19 shots thereafter. .Second, one new cosponsor also signed on to the Social Security Administration Fairness Act (H.R. 6251), bringing the total up to thirty-five. The new cosponsor is Representative Ron Kind (WI-3). If adopted, H.R. 6251 would improve the administrative funding of the Social Security Administration, implement a moratorium on field office closures, and eliminate two waiting periods for Disability Insurance beneficiaries. .The report analyzed the prescribing patterns of the nation's one million doctors and found that 736 of them had questionable patterns. The drugs prescribed included highly addictive prescriptions for morphine, oxycodone, anabolic steroids, hydrocodone with codeine, and barbiturates. Doctors, and crooks who use stolen provider identification numbers are writing multiple prescriptions for the same patients that are filled by dozens of pharmacies. .Can You Tell Me How Recent Law Changes Affect RMDs From My 401(k)? .What sort of income will your resources generate? Will the income generated by your retirement savings be enough to cover the loss of income, expenses, and taxes if any, if you die? .Tax Plan Moves to Conference Committee .This week, The Senior Citizens League was pleased to see support grow for six key bills that would strengthen the Social Security and Medicare programs.
