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Rep. Rodney Davis.On the other hand, much of the other CPI data has been pretty tame. Housing costs and medical care services are rising, but still more slowly than prior to the pandemic. I'm in the process of collecting price data for TSCL's annual report on the Social Security Loss of Buying Power. If you would like to send in examples of your rising costs, please feel free to do so online at "Share Your Story"..That's a common misconception. According to estimates from the Social Security Administration's Chief Actuary, three-quarters of "other-than-legal" immigrants have payroll taxes withheld..Later in the week, the President doubled down on his promise to try and cut prices on branded prescription drugs. Word is out that the President is considering an executive order to combat the problems of high cost drugs sold to Medicare and other government programs..policies) say that if you have a net worth below 0,000 to 0,000 (not.Date Posted: January 2011.Get started now on a financial habit that can give you big savings for the time you invest in shopping around..This time, with large numbers of hospitals straining to care for COVID-19 patients, cutting payments to hospitals and increasing revenues is likely to be far more difficult. Hospitals across the country say they have been pushed to their financial limit. And simply raising payroll tax rates may not provide enough of a revenue in the short term if unemployment remains at high levels longer than anticipated. Payroll taxes cannot be collected from workers who are unemployed..Instead, some physicians are experimenting with converting their practices to more lucrative payment models, such as concierge medicine, in which patients pay a fee upfront to retain the doctor. Patients who cannot afford that arrangement may have to search for a new physician.

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This week, the partial federal government shutdown continued for the fifth week, and The Senior Citizens League announced its support for one new bill that would expand Medicare coverage to include essential health services..Usually during economic downturns many older workers are forced into retirement when they lose jobs. While the pandemic may have caused more to retire earlier than planned, deaths removed hundreds of thousands of beneficiaries from Social Security rolls. In fact, life expectancy plunged by a full year in the first half of 2020, from 78.8 years to 77.8 years, the biggest drop since World War II..Because Medicare is such a crucial program, most members of Congress usually stumble over themselves to protect it. However, if the situation ever presents itself, they will use threats to Medicare to bash the other party. … Continued

Fiscal Policy Webinar Risk And Return Public Pension Funds Complex Investment Strategies

The age at which one applies for Social Security is the single biggest financial decision most of us will ever make, but TSCL's 2017 Senior Survey suggests that the vast majority of people claiming Social Security aren't getting the help they need. When survey participants were asked if they had received counseling from the Social Security Administration about the best age to start benefits, 77% of survey participants said no, and 71% said that prior to starting benefits they were unaware of the total lifetime benefit income they could expect to receive..More than 5 million Social Security recipients with the lowest benefits are unlikely to see any net growth in their monthly checks after deduction of the Medicare Part B premium in 2019, according to a new analysis released by The Senior Citizens League. This will occur despite their receiving the highest cost-of-living adjustment in seven years. Those affected have a gross Social Security benefit of about 5 per month or less before deduction of the Part B premium. According to the analysis, the dollar amount of their Part B premium increase will be more than the dollar amount of their COLA. "This would make the fourth year in a row that this particular group has not seen a boost in their net Social Security benefits after the deduction for Medicare Part B premiums," says Mary Johnson, a Social Security and Medicare policy analyst for the League.\.Following the reception, the Board of Trustees and TSCL's legislative team spent the afternoon meeting with six Members of Congress and their top aides. Support was expressed for a number of key bills, including the Consumer Price Index for Elderly Consumers Act, the Notch Fairness Act, and the Social Security Fairness Act, among others. … Continued