News
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Feds Shut Down 1 2 Billion Medicare Scheme Finally
Advocates who help retirees enroll in these programs say that, even if your income is slightly above the eligibility limits, you might still qualify because certain types of income and assets may not be counted. .Unfortunately, the Senate disagreed among themselves about what to do and they were unable to craft a bill that could pass the Senate. .To stay updated on TSCL's legislative efforts and their progress in Congress, visit the Legislative News section of our website. You can also find us on Facebook or Twitter for more frequent legislative updates. … Continued
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October 2012 Pr Web
This week, lawmakers returned to Capitol Hill and those in the House passed legislation that will reduce prescription drug costs at pharmacies. In addition, the House Ways and Means Social Security Subcommittee met to discuss information technology within the Social Security program, The Senior Citizens League (TSCL) saw two key bills gain support. .The online survey, taken by 401 participants, was conducted in June and early July 2020. Here are some key findings: .But the money to cover beneficiaries' share of premium costs still needs to come from somewhere. That leaves the 30% of Part B enrollees who aren't protected by hold harmless to make up the difference through steeply higher Part B premiums. Many of those people are facing a steep Part B premium increase from 1.80 per month to an estimated 9.00, the highest increase in 27 years. Those not protected by the hold harmless provision include: … Continued
At the hearings, many Committee Members were still getting up to speed on the structural and procedural aspects of the IPAB. The IPAB, which will be made up of 15 "experts" appointed by the President and confirmed by the Senate, will begin issuing recommendations to Congress in 2015 if Medicare spending exceeds the targets established by the Affordable Care Act. Those recommendations will be reviewed on a "fast-track" basis, and, if Congress fails to act quickly, HHS will be forced to implement them. .He also did not provide any more money to help renters. The executive order calls only for Treasury Secretary Steven Mnuchin and Housing and Urban Development Secretary Ben Carson to see if they can find any more funds to help. It does not promise more aid. .The report goes on to say that "… the bill is fiercely opposed by Republicans and the powerful pharmaceutical industry, with executives warning it would harm innovation that leads to new drug development. The 50-50 split in the Senate is also raising questions about whether it could get through that chamber without losing any moderate Democrats." .And no matter what critics may say about the dire finances of the Social Security, the government can find the money for Notch Reform simply by cutting waste, fraud and abuse. The General Accountability Office reported earlier this year that government agencies made over billion in improper payments in fiscal year 200Forty-five billion would more than pay for a Notch settlement. TSCL estimates the cost of the Notch Fairness Act to be around billion. .In June, the Medicare trustees estimated that Part B premiums will rise only .50 in 2019, from 4 to 5.50. However, according to a recent survey conducted by The Senior Citizens League, roughly 25 percent of all Medicare beneficiaries are currently paying less than 4 per month due to a special "hold harmless" provision of law. Their Part B premium hikes will be much larger than .50, offsetting a larger portion of the 2019 COLA. .TSCL strongly supports legislation like the Notch Fairness Act that would provide Notch babies with modest compensation, and we were pleased to see support grow this week. .Now more than ever, we must fight to ensure that when older Americans retire they can look forward to a stable economic future and reliable, high-quality healthcare. During the devastating economic recession, older Americans saw their hard-earned savings dwindle, lost millions in diminished pension funds, and were laid off just a few years before retirement. Now, Congress must work past partisan gridlock to support seniors. During my time in Congress, I've fought for seniors by reaching across the aisle to protect landmark programs like Medicare and Social Security and introduced commonsense legislation that will strengthen the financial security of older Americans. .Can I expect a cost of living increase this next year? Something needs to happen! .At a time when Congress is deeply divided on many issues, we need to find a way to break through the gridlock to pass bipartisan, commonsense measures to support our nation's seniors. In that spirit, I introduced the bipartisan SAFE ID Act to ensure that seniors can retire without fear of having their identity stolen or losing their savings. With nine of the ten top cities for tax-ID fraud located in Florida, many seniors in my home state have fallen prey to identity theft and other forms of fraud. This bipartisan legislation will eliminate one big source of identity theft by allowing a shortened taxpayer identity number to be used in place of a social security number on taxpayer forms like W-2s.
