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According to the study, the 250 top selling drugs, each with one manufacturer and no competitive products on the market, account for 60% of net total Medicare Part D spending. The top 50 selling drugs, also with one manufacturer each and no competitors, account for 80% of total Medicare Part B spending..For more information about the Seniors Have Eyes, Ears, and Teeth Act or to view a list of bills endorsed by The Senior Citizens League in the 116th Congress, visit the Bill Tracking section of our website..TSCL's Board of Trustees Meets with Members of Congress.Two Key Medicare Bills Gain Support.Highlights of this week in Congress include: fallout from the Super Committee's indecision; leadership changes at the Center for Medicare and Medicaid Services; and a new co-sponsor added to a key bill..Although Medicare has an annual Open Enrollment period, when beneficiaries can compare drug plans and switch to lower costing drug plans, few retirees actually do so. "In most areas of the country, the Medicare beneficiaries have more than two dozen Part D plans to sort through, and the average person just don't know where to begin, or that free, unbiased help is available," Johnson says. "Consequently, Medicare beneficiaries winds up overpaying for prescriptions that could be obtained for a lower cost from a different drug plan."."Americans Make Hard Choices on Social Security: A Survey With Trade-Off Analysis," National Academy of Social Insurance, October 2014..12 Ways Seniors Would Get Less, Pay More.This year, on Tuesday, February 16, Sen. Rob Portman of Ohio, will be reading Washington's address. Portman has announced that he will be retiring from the Senate when his term expires next year.

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TSCL Mounts Nationwide Effort Fighting COLA Cuts.Several bills to address this issue have gained traction in Congress and bill sponsors are trying to prevent problems by inserting language into the legislation that would bar drug companies from retaliating against Canadian pharmacies that sell medication to U.S. consumers at the lower Canadian prices. The Senior Citizens League supports the Affordable and Safe Prescription Drug Importation Act. In 2017 the Congressional Budget Office estimated that a previous version of the bill would reduce the federal deficit by about .8 billion over the next ten years..Since the start of the first CPI in 1940, the BLS has made changes to how it calculates price inflation - most recently announcing changes to how they collect price data. A new paper reports that the BLS has undertaken several pilot projects in an attempt to supplement and/or replace its traditional field collection of price data with "alternative sources." If that sounds suspicious, you have good reason to ask questions. The BLS Handbook of Methods lists more than 21 changes that economists have made to how they calculate the CPI since 198In most cases the so-called "improvements" tend to slow the measured rate of inflation. That means the growth in COLAs is cut and Social Security benefits grow more slowly over time. In short, this boils down to an erosion in the buying power of your Social Security benefits when, in reality, prices are actually going up. … Continued

Report Section Medicare Part D A First Look At Prescription Drug Plans In 2019 Tables

At the end of the day:.The United States consistently lags behind countries like China, South Korea, and others in education, placing us 26th in math, and 21st in science, out of 34 countries. As we work to improve our education system to compete internationally, I believe recruiting teachers is critical to the success of our children and our nation. Unfortunately, we are doing just the opposite. We have two decades-old policies in place that unintentionally discourage people from becoming public servants and punish those who are..Should I Allow My New Health Law Coverage To "Automatically Renew"? … Continued