News
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Coronavirus Throws Monkey Wrench Into Cola Calculations
Does TSCL receive government funding? .Leading GOP plans impose broad spending reductions, would overhaul Medicare and cut Medicaid, while President Obama and Democrats are insisting tax increases are required, particularly on people with higher incomes over 0,000. Respondents to TSCL's Seniors Survey also tended to be more divided when asked whether they "strongly agreed" that the budget deficit should be reduced by cutting discretionary spending, or by closing tax loop holes and small revenue increases. However, when those in the middle, who "agree somewhat," are counted, a majority, 74%, agree that the budget deficit should be reduced by a fair balance of both discretionary spending cuts and modest revenue increases. .Mr. Kluck and The Senior Citizens League's legislative team met with several congressional offices — including the offices of House Veterans' Affairs Committee Ranking Member Phil Roe (TN-1) and House Ways and Means Social Security Subcommittee Chairman John Larson (CT-1) — to discuss goals and strategies for the 116th Congress, which officially began on January 3rd, 2019. … Continued
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Using Chained Cpi Calculate Colas Affect Benefits
The Senior Citizens League's Legislative Liaison Joe Kluck visited Capitol Hill on Tuesday, December 4, 2018. .It also included a second round of direct payments of ,200 per person, and up to ,000 per household. The bill also extended the 0 per week federal unemployment insurance benefit through January, which expired at the end of July. .During these meetings, the following issues were discussed: Social Security cost-of-living adjustments, Social Security Notch fairness, Social Security Totalization Agreement reform, and repeal of both the windfall elimination provision (WEP) and the government pension offset (GPO). Support was expressed for many of these key issues, and TSCL looks forward to working with these offices in the future. … Continued
This week, lawmakers returned to Capitol Hill following a week-long holiday recess. They have just one week to reach a deal to fund most of the federal government past Friday, December 7th. Should they fail to reach an agreement before then, part of the federal government will shut down like it did earlier this year. .Reducing prescription drug prices is a top issue for older voters. Seventy – two percent of survey participants support a proposal to tie Medicare Part D drugs prices to those paid in other industrialized nations, through the use of an "international drug pricing index" — an approach similar to prescription drug legislation passed by the House (H.R. 3). .The suit is over Obama's executive actions on immigration announced last November. The executive actions would expand a program that protects immigrants from deportation if they were brought to the U.S. illegally as children. Another major part of the orders would extend deportation protection and provide work-authorized Social Security numbers to illegal immigrants who are parents of children born in this country and who have lived in this country for some years. .If signed into law, H.R. 711 would repeal the Windfall Elimination Provision (WEP) – a provision of the Social Security Act that unfairly reduces the earned benefits of millions of public employees by as much as one-half each year. H.R. 711 would establish a new formula for the non-covered earnings of teachers, police officers, and other public servants, and it would modify the WEP for current retirees who are affected by it. .This study illustrates why legislation is needed to provide a more fair and adequate COLA. To put it in perspective, for every 0 worth of groceries a retiree could afford in 2000, they can only buy worth today. To help protect the buying power of benefits, TSCL supports legislation that would provide a modest boost in benefits and base COLAs on the Consumer Price Index for the Elderly (CPI-E) or guarantee that the COLA would be a minimum of 3 percent. To learn more, visit . .TSCL continues to support re-importation of drugs more than general importation of drugs made in other countries. And, while we also support imported medicines made in other countries, we strongly insist that the drugs be certified to be sure they are pure and contain only the ingredients they are supposed to have. .While that may solve one problem in trying to find the most affordable health care, it's not clear it will solve many others that still exist. .The Potential Cost to Social Security Trust Fund Is Growing At An Unprecedented Pace .The CMS rule change would also make it more difficult to qualify for nursing home and even home health care coverage after leaving the hospital. To qualify for nursing home coverage, one must spend three days as an inpatient. Outpatient stays do not qualify for Medicare coverage of nursing home stays. Without a qualified hospital inpatient stay, patients may even have trouble finding home health care agencies that would serve them due to Medicare's lower Part B reimbursement rates.