Evictions And The Pandemic Oas Episode 127Members named to Congressional Conference Committee.News on the Coronavirus Vaccine Front.In the days ahead, The Senior Citizens League will keep a close eye on the evolving budget negotiations, and we will continue to advocate for legislative solutions that would strengthen and protect your Social Security and Medicare benefits. For updates, follow us on Twitter or visit the Legislative News section of our website every Friday morning. … Continued
New Ulm Medical Center Foundation EventsThis week, lawmakers in the House and Senate remained in their home states and districts to continue the holiday recess. They are expected to return to Capitol Hill on Tuesday, July 10th. In the meantime, many Members of Congress will be attending local events and hosting town hall meetings around the country..In addition, according to the CBO's analysis, around 15 million fewer individuals would receive coverage through the Medicaid program, which currently covers the cost of long-term care for one in five Medicare beneficiaries. The BCRA would do away with the current Medicaid reimbursement system where the federal government matches state Medicaid expenditures and replace it with a new formula that would be tied to inflation. If costs grow more quickly than reimbursements as they are expected to, states would likely need to cut benefits, increase taxes, or restrict Medicaid eligibility.."But all bets would be off if the current payroll tax system is eliminated, or changed to something else," Johnson says. Getting rid of the payroll tax raises a great many questions as to how benefits would be calculated. Currently, retirement benefits are calculated on the 35 years of highest earnings. "Because wages tend to grow over time, replacing the current system with something else could mean lower benefits," Johnson points out. … Continued