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  • Category Legislative News Page 14

    In our meetings this week we were pleased to learn that the members of Congress whose offices we visited plan on once again co-sponsoring the Notch bill. We also were very encourages to learn that there is a new bill that would repeal the Windfall Elimination Provision that has the best chance in years of moving out of committee and forward to the full House of Representatives for a vote. .It will take true leadership in Congress and the White House to save Medicare and face the reality of the situation: if we do nothing, which has been the status quo for years, Medicare as we know it will cease to exist. I am committed to doing all that can be done to ensure a strong and healthy Medicare program for America's seniors. .That's because COLAs are currently based upon the way young, urban workers, rather than seniors spend their money. The Bureau of Labor Statistics (BLS) uses an inflation index called the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). It regularly underestimates the spending inflation that seniors experience since it fails to capture the rising costs of medical care, upon which older Americans spend a disproportionate share of their income. … Continued

  • Why Seniors Need An Emergency Cola Help Us Pass Emergency Cola Legislation

    On Thursday, with a vote of 326-96, lawmakers in the House passed legislation that will fund the federal government past December 9th. The short-term continuing resolution (CR) will provide funding at a .07 trillion rate – up slightly from the current rate of .067 trillion – through April 28, 2017. .Over five million Americans are currently living with Alzheimer's disease, and each year thousands more are diagnosed with this painful, heart-rending illness. Most of us know someone—a family member, coworker or friend—suffering from Alzheimer's or dementia. With the number of Alzheimer's patients expected to skyrocket in the coming decades, we must continue to press forward, offering support for family members and caregivers, while developing better and more effective treatment options as we work toward a cure for this terrible disease. .The findings show a dramatic drop in inflation from January of 2014 to January of 2015 — due almost entirely to the drop in oil prices. The deflationary trend, while making the price of petroleum products more affordable in the short term, could spell trouble ahead next year for retired and disabled beneficiaries who depend on Social Security for most of their income. The last time the drop in inflation was this steep was in 2009 — when no cost of living adjustment (COLA) was payable the following year. In fact, the drop in inflation is now so deep that TSCL's Social Security policy analyst and Advisor editor, Mary Johnson, forecasts that the COLA for 2016 will be around zero. Going without any COLA is like going without interest on savings and results in a lower Social Security income over time, due to the loss of compounding. … Continued

At a seven-hour Senate Judiciary Committee hearing this week, Homeland Security Secretary Janet Napolitano praised the Gang of Eight for their comprehensive plan, while members of the committee picked it apart and discussed potential amendments. Secretary Napolitano called the plan "realistic" and "achievable" and she said the department would be ready to implement border security provisions within the outlined timeframe. However, committee members seemed wary, and Ranking Member Charles Grassley (IA) said: "This bill would put no pressure on this secretary or any future secretary to secure the borders." .As outrageous as it is, there are reports of scams involving phony appointments for the COVID vaccine. People have received emails, phone calls or text messages supposedly from local health departments offering to put them on a vaccine registration list that doesn't really exist and then charging them for appointments. .First, re-shop your Medicare prescription drug coverage every fall during Open Enrollment season -- and the same goes for Medicare Advantage if you're in one of these plans. Insurance companies often change their offerings year-to-year in ways that can increase drug costs by hundreds of dollars, or make it more difficult to get certain drugs. At the same time, your drug needs may have changed since the last plan selection period in ways that make a plan less beneficial for you. .Medicare's Trustees reported in April that the Part A Trust Fund, which covers hospital insurance and inpatient care, would run out of money by 202That estimate, however, does not factor in the impact of the coronavirus on the program. New estimates are coming in that the pandemic could cause the Part A Trust Fund to become insolvent much sooner. The Committee for a Responsible Federal Budget, a group of nonpartisan budget experts focused on fiscal policy, estimates that the pandemic will cause Medicare Part A to run low in 2023 or 2024 —as little as two to three years from now. .If signed into law, the Medicare Physician Payment Innovation Act would repeal the sustainable growth rate (SGR) formula for physician reimbursements, and it would set up a five-year trial period during which the Centers for Medicare and Medicaid Services would test and evaluate new payment and delivery models. TSCL strongly believes that the SGR formula breeds uncertainty in the Medicare program for both physicians and beneficiaries. Many doctors have stopped accepting Medicare patients, and many more are threatening to do so if a permanent solution is not established soon. We believe that Rep. Schwartz's bill would bring increased stability to the Medicare program, and we were pleased to see four new cosponsors announce their support for it 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. .This week, the Senate returned from break and President Barack Obama delivered the State of the Union address. New co-sponsors were also added to a pair of Social Security bills, and negotiations continue on how to fund the "doc fix." .Medicare Reform – Protect beneficiaries from changes that would impose greater out-of-pocket costs to beneficiaries. .TSCL originally made this proposal with the massive support of our members. It is designed to provide fair compensation for the lower benefits Notch Victims receive. It has now been introduced as Bills in Congress. If passed, it will provide a Settlement payment of ,000 to each living Notch Victim or their beneficiary spouse.