News
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The Advisor Volume 16 No 7 September 2011
The following four bills were the focus of Legislative Liaison Kluck's meetings on Capitol Hill in December… .The government negotiates prescription drug prices for veterans and Medicaid beneficiaries, but it is barred from negotiating lower prices for Medicare beneficiaries. As a result, seniors enrolled in Part D often pay much higher prices than other Americans for their prescription drugs. What are you doing to correct this unfair policy? .Investigate insurance company ratings. You want a company that will still be here 30 years from now when you are. Check with rating agencies like Standard & Poor's or A.M. Best and only do business with insurance companies having the highest two ratings. … Continued
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2020 Senior Cost Survey
UnitedHealth, the largest provider of Medicare Advantage plans, announced in mid-November that they would be dropping thousands of doctors from their networks in at least ten states. By the end of 2014, the company expects its network of doctors to be 85 percent to 90 percent of its pre-Obamacare size. .TSCL enthusiastically supports H.R. 1795, H.R. 2305, and H.R. 4613, and we look forward to helping build support for them through the remainder of the 113th Congress. .TSCL enthusiastically supports H.R. 807, H.R. 1902, S. 1909, and H.R. 1205, and we were pleased to see support grow for them this week. For progress updates on these and other TSCL-backed bills, visit the Bill Tracking section of our website. … Continued
(Washington, DC) – The upcoming Supreme Court Case on immigration could have significant consequences for Social Security and Medicare, says a report , released today by The Senior Citizens League (TSCL). The U.S. Supreme Court is expected to hear arguments April 18th on President Obama's executive action on immigration. The president's immigration policy changes would allow an estimated 5 million undocumented immigrants, including parents of U.S. citizens or lawful residents, to obtain temporary deferral of deportation, work authorization and potential access to Social Security and Medicare benefits. .At the hearing, the Ranking Member of the Committee – Senator Bob Casey (PA) – presented a bill he introduced called the Beneficiary Enrollment Notification and Eligibility Simplification (BENES) Act. If adopted, his bill would simplify the Medicare enrollment process and help those nearing eligibility avoid costly penalties for late enrollment. .Medicare Doesn't Recover The Majority Of Overpayment Payment Amounts, .Lawmakers Adjourn for Recess .During last fall's debt limit deal, Members of Congress passed legislation containing un-debated, secret provisions that made two major changes to Social Security benefit claiming strategies. The changes cut the expected retirement income of some married couples already at full entitlement age. Do you believe entitlement cuts are necessary in exchange for your vote to lift the debt limit in the future? .This week, lawmakers remained in their home states and districts for the two-week spring recess. .How much are you spending on prescriptions? Be sure to take TSCL's 2019 Senior Survey and let us know. TSCL is working with Members of Congress to enact legislation that would allow Medicare to negotiate drug prices and supports bills that would cap or reduce out-of-pocket spending. .A few years later, under 2003 Medicare drug legislation, funding for private plans was significantly boosted and the program got rebranded as "Medicare Advantage." Enrollment grew steadily and rapidly ever since. But by 2009, government economists reported that the payments to the plans cost the federal government 14 percent more than the same services would have cost under traditional Medicare. .Should Congress hand over accountability for decisions about Medicare cuts to an unelected board? That's what lawmakers did in 2010 when they passed the Affordable Care Act. The law included a controversial provision to create a Medicare cost-cutting board, known as the Independent Payment Advisory Board (IPAB).