News

  • U S Treasury Seizes Tax Refunds For Old Social Security Debts

    Likewise, AstraZeneca, a top competitor, has received a BARDA promise of up to .2 billion for commercializing a product derived from research at the University of Oxford. .Thousands of nursing homes across the country have not been checked to see if staff are following proper procedures to prevent coronavirus transmission, a form of community spread that is responsible for more than a quarter of the nation's Covid-19 fatalities. .Congress was out of session this week because of the Presidents' Day holiday. Nearly all of those up for re-election (all of the House of Representatives and one-third of the Senate) were back in their home states and districts, most likely meeting with constituents and/or raising money for their campaigns. So although there was not a lot of news coming out of Congress, news was being made by the Trump administration. … Continued

  • Alzheimers Drug Could Increase Part B Premiums For Everyone

    The explosive cost of specialty drugs, that offer major treatment advances for people with life-threatening diseases, is not only threatening access to these treatments, but threatens to drain retirement savings, and leave widows and widowers in poverty after the death of a spouse. Unlike Medicare Advantage plans, and health insurance plans covering working-age adults, Medicare Part D has no annual out-of-pocket maximum to protect people with the highest drug costs. .TSCL Announces Support for H.R. 4104 .Healthcare Debate Continues in Senate … Continued

Is the evidence really so clear? .During the Great Recession and immediately afterwards, mature workers got a raw deal; it's time for Congress to give them a Better Deal. .Single — your annual income is less than ,090 (,507.50 per month) and resources less than ,820 per year. .But among other things, if consumers can't find the cost of health care, the idea of the free market is impossible. .This week, the House Budget Committee met to discuss retirement security in America, and The Senior Citizens League saw three key Social Security bills gain support in Congress. .Within two years of enactment, the Government Accountability Office would report to Congress and the task force on the financial exploitation of older Americans, including the associated economic costs, contributing factors, unreported cases, and policy responses. .Old vs. New LawЧMonthly Benefit Differentials .The Social Security Subcommittee of the House Committee on Ways and Means held a hearing to discuss the problems facing seniors and the vital roll Social Security plays in the well-being of America's seniors. .The "defined benefit" pension plan has become rare, only available to about 16 percent of private sector workers, according to the Bureau of Labor Statistics. Most companies have transitioned from traditional pension plans that offer a fixed benefit to 401(k) plans, that are invested in the stock and bond markets, and vary on the amount of income that can be expected, depending on investment performance and the economy.