Early last year, prior to even knowing the impact of the pandemic, the Social Security Trustees forecast that the financing of the Social Security Trust Funds would turn negative this year. The Social Security Trustees forecast that the Social Security retirement and survivors trust fund would receive a total of 5.6 billion in 2021 but estimated that program costs would be more than ,019.2 billion..We should also ensure senior citizens are getting an accurate cost of living adjustment. The model the government is using right now would be fine if seniors were regularly buying iPods and laptop computers. But that's just not the case. I've proposed a better way to calculate the COLA based on items seniors actually use, such as food, housing, gasoline, healthcare and prescription drugs..Thus, under this hypothetical legislation, benefit obligations could not be met after the depletion of the asset reserves and elimination of payroll taxes. If this hypothetical legislation were enacted, with no alternative source of revenue to replace the elimination of payroll taxes on earned income paid on January 1, 2021 and thereafter, we estimate that DI Trust Fund asset reserves would become permanently depleted in about the middle of calendar year 2021, with no ability to pay DI benefits thereafter. We estimate that OASI Trust Fund reserves would become permanently depleted by the middle of calendar year 2023, with no ability to pay OASI benefits thereafter.."Greenspan Calls For Repeal Of All The Bush Tax Cuts," Sewell Chan, The New York Times, August 6, 2010..In our analysis, it appears that this new program adds layers of complexity and apparently will drive up the overall costs of everyone enrolled in the Part D plans that participate in this..This week, lawmakers in the House and Senate continued their work on an omnibus spending bill to fund the federal government through the remainder of the fiscal year. Lawmakers set a .07 trillion cap in the sweeping budget deal that they passed at the end of October, and now they have until December 11th just three weeks to outline how those funds will be spent..Investing in an advanced aide role for DWCs will not only lead to less institutionalization and fewer re-hospitalizations, but will improve quality of life for seniors and reduce costs, reducing the overall burden on the health care industry. Seniors deserve to stay in their homes as they age, enjoy a high quality of life, all while receiving high quality, cost-effective care. The Advanced Aide Act will ensure that this is attainable..chances are we may have a chronic health condition that requires regular.Interest on a home mortgage on loans up to million if you signed your mortgage prior to December 15, 2017, or up to 0,000 on loans signed after that date.

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You are unmarried;.TSCL continues working for enactment of The Notch Fairness Act, which has recently been reintroduced in both the House and Senate. Like an "old age boost" the legislation would provide Notch Babies born from 1917 through 1926 with a choice of ,000 payable in four annual installments of ,250 or an improved monthly benefit. To learn more about The Notch Fairness Act, click here..At the celebratory event, the President told his audience, "This got done because of you; because you called, you emailed, you tweeted your representatives and you demanded action. You made it clear that you wanted to see some common sense in Washington." … Continued

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While it is true that we must come together to address our budget, we cannot fix our fiscal problems on the backs of our seniors. We also must not use our economic future as a bargaining chip to advance unrelated partisan interests. During my time in Congress I'm proud to fight for Medicare benefits for our next generation of seniors. As we look forward to the next 50 years I am cognizant of some of the challenges facing Medicare. But I also see opportunity:.In fact, Senators on both sides of the aisle praised Burwell during their speeches on the Senate floor, expressing their high hopes for her work as HHS Secretary. Sen. Mike Johanns called her "a breath of fresh air," and Sen. Rob Portman said he thinks Burwell will help the department "get its act together." In addition, Sen. Johnny Isakson stated: "I'm looking forward to having someone in [HHS] that's going to be able to answer the hard questions. I might not like the answer, but I like having somebody who has the intellect and the capability and the willingness to be communicating with the Members of Congress.".Instead of the sweeping legislation supported by the House Democratic leadership they have indicated supported for more modest measures that already have some Republican support. Those include things like capping Medicare enrollees' out-of-pocket drug costs. … Continued

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