With no effective treatment in sight, and no indication that the coronavirus will "magically disappear," as the President has frequently predicted, a vaccine will be "the ultimate game changer" in the pandemic, according Dr. Anthony Fauci, the nation's leading expert on the outbreak. "There's never a guarantee of success," Fauci said. But he added that he was "cautiously optimistic" that by winter, at least one of nearly a dozen promising vaccine candidates would have shown itself to be safe and effective in inducing immunity in humans..The news media has me confused regarding what is included in the CPI. I understand, according to the media, that the CPI does not include food or fuel. I wondered how that could be since they would be two of the largest items in the CPI?.The findings represent a significant one-year loss of 4 percentage points in buying power, with the loss increasing from 30% to 34% from January 2017 to January 201The loss occurred even though beneficiaries received a 2% annual cost-of-living adjustment for 201Housing and medical costs - particularly for home heating expenses and Medigap premiums - were among the most rapidly-rising costs over the past year. The study examines the growth, since 2000, in the price of goods and services that are typical for retired and disabled households, and compares that to the growth in Social Security benefits due to annual COLAs..It remains to be seen whether Republicans in the Senate will begin working with Democrats on legislation that would stabilize the health insurance markets, or whether they will shift their focus to other legislative priorities. Following the failed vote early Friday morning, Senate Majority Leader Mitch McConnell told his colleagues: "I regret that our efforts were simply not enough … It's time to move on.".Raising the Retirement Age: People are living longer now, and gradually raising the retirement age would bring Social Security benefits in line with this new reality. This would close between 15 and 21 percent of the program's long-term shortfall. We would not support any proposal that would cut the benefits of today's beneficiaries..The flowers in the vase don't have enough water..In recent years a growing number of Medicare beneficiaries are entering hospitals for observation care rather than as inpatients. The number rose 69% in five years according to the most recent national statistics, but over the same period Medicare hospital admissions have declined..To try to kill the novel coronavirus, some Americans are unsafely using disinfectants and cleaners, including washing food with bleach, using the products on bare skin, and inhaling and ingesting them, federal health officials reported Friday..Covid-19 displaced suicide as one of the top 10 causes of death.

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There are special rules that allow you to delay sign up for Medicare Part B when you receive healthcare benefits through work. You need to satisfy these three requirements:.Estimates by the Social Security Administration indicate that if the taxable maximum were eliminated, and the payroll tax of 12.4% were applied to all earnings, that program solvency would be extended as much as 40 years. This includes allowing retired workers credit for benefits on the higher earnings. And not only would lifting the taxable maximum keep the program financed well into future, it would pay for providing a more fair and slightly higher COLA using the CPI-E..Because Medicare Advantage plans receive a capped monthly reimbursement for each beneficiary, TSCL is concerned that there is a potential financial incentive for Medicare Advantage plans to inappropriately deny some services or prescriptions in an attempt to increase their profits. Denial of medically necessary care and prescriptions can worsen your health, as well as leading to high out-of-pocket costs, financial burdens, and debt. … Continued

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First, the bipartisan Consumer Price Index for the Elderly Act gained one new cosponsor in Representative Mark DeSaulnier, bringing the total up to fifty. If signed into law, the bill which was introduced by Representative John Garamendi last year would improve the adequacy of the Social Security cost-of-living adjustment by basing it on the spending patterns of older Americans..Just hours after the trustees released their annual reports on Wednesday, members of the House Ways and Means Social Security Subcommittee met with Chief Actuary Stephen Goss to discuss the findings. Many of those present at the hearing expressed their commitment to addressing the program's funding shortfall. Chairman Sam Johnson said, "The longer we wait, the tougher it will get to fix Social Security. So the sooner we act the better." Chief Actuary Goss agreed, saying: "The trustees have consistently advised that enacting changes soon, even if with delayed effective dates, will allow more options to be considered, more advance warning for those affected, and a more gradual phase-in of adjustments.".I've read about proposals to "expand" Social Security that would provide somewhat higher benefits and a better cost-of-living adjustment. How can Social Security be expanded when the program is running out of money? … Continued

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