The U.S. Treasury has borrowed .8 trillion from Social Security, but in recent years Congress has battled over the borrowing required to repay the Trust Fund. Some are calling instead for COLA and other "entitlement" cuts..One witness, Scott Serota, President and CEO of the BlueCross BlueShield Association, suggested a gradual shift from the current fee-for-service system toward a series of new payment models that would allow for geographic variability. Another witness, David Bronson, President of the American College of Physicians, suggested a patient-centered medical home model, where each patient would choose a physician with a specific team of caregivers. He explained that his model would result in better coordinated care for seniors..TSCL enthusiastically supports H.R. 1030, H.R. 1795, and H.R. 1179, and we were pleased to see support grow for each one this week.."Medicare Beneficiary Savings and the Affordable Care Act," Department of Health and Human Services, February 201"Reliance on Capital Gains and Dividend Income Tends to Rise with Age," Tax Foundation, December 2005..Fifty-six percent of all Social Security households pay taxes on their benefits. Many of them have very modest middle incomes and didn't adequately understand or plan for these taxes, which take about 6% on average of Social Security income..Alexandria, VA Seniors will get one of the lowest cost-of-living adjustment paid in the past decade next January. But even so, COLAs remain a key target in post-election deficit reduction efforts, warns The Senior Citizens League, one of the nation's largest nonpartisan seniors groups. A plan that would slow the growth in annual COLAs is a key provision of major deficit reduction plans quietly under consideration in Congress..My legislation isn't meant to punish all drug manufacturers. These businesses play an important role in researching and developing new, effective medications, and we want them to succeed. Congress has passed legislation that makes sure drug manufacturers have enough time to recoup their research and development costs before generics are allowed to compete. My bill will simply prevent abuse of the system--extending that protected period out, way beyond what was intended..At Tuesday's hearing, lawmakers on the Aging Committee and those who testified advocated for the passage of the bipartisan Building Our Largest Dementia Infrastructure for Alzheimer's Act, which was recently introduced by Chairman Collins and currently has the support of forty Senate cosponsors. If adopted, the bill would create the public health infrastructure that is needed to promote early detection, coordinate care, support caregivers, and combat Alzheimer's disease..CMS Administrator Seema Verma also said that CMS is working to guarantee a free vaccine for Medicaid and private insurance members as well.

Transportation On Shaky Ground

Abusive high interest rates offered to high-risk borrowers who are most likely to default. Does the lender suggest a loan because of "bad credit or no credit?" To qualify for the lowest loan costs, borrowers earn low interest rates with good credit histories. Stay clear of dealers and lenders who promise to put you behind the wheel regardless of your credit..If we closed this loophole, we could ensure that Social Security continues paying full benefits to every single American who pays in, just as they were promised..The Social Security Trust Fund is the single largest holder of U.S. debt. In the past, when more payroll taxes were received than required to pay benefits, the surplus was by law, used for other purposes. The federal government accounted for borrowing the funds by issuing I.O.Us from the U.S. Treasury to Social Security or Medicare Trust Funds. In recent years, the program's financing reversed and now both Social Security and Medicare Trust Funds are paying out more in benefits than money coming in. Both now rely on drawing down the interest and then the I.O.Us. But when the rest of the federal budget is in deficit, the government must borrow to pay Social Security and Medicare benefits. And according to a growing number of economists, those borrowing days are numbered. … Continued

Report Section Data Note Americans Challenges With Health Care Costs Appendices

urging, but she finally got a physical. She was shocked to learn that her blood.Social Security provides at least half the income for 65 percent of seniors..The OIG did not estimate the amount that the 11,179 collected in benefits in 2014, no doubt because privacy laws prevent the Social Security Administration from sharing that information. TSCL's Social Security policy analyst and Advisor editor Mary Johnson, however, estimates that this group of auxiliary beneficiaries may have received more than 5 million in benefits in 2014, based on current Social Security statistical data. TSCL agrees with the OIG, and believes that with Social Security in deficit, the Social Security Administration must do more to prevent improper payments. … Continued

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