In a letter to Marilyn Tavenner, the Acting Administrator of CMS, the Medicare Payment Advisory Commission warned that some of the health plans don't have the experience to manage the full range of benefits required by dual eligibles or the capacity to serve large numbers that would be automatically transferred into the plans en masse at the beginning of the program..At the Social Security Subcommittee's hearing, the focus was also on three specific proposals: cutting the Social Security cost-of-living adjustment by adopting the "chained" Consumer Price Index, raising the eligibility age, and increasing the cap on income subject to the payroll tax. Support for each proposal was mixed, and while experts on the panel spoke with a sense of urgency, no real consensus was evident among Members of the Subcommittee..A balanced budget amendment to the constitution, like the one that was considered this year, would prohibit the federal government from spending more than it collects in revenues each year. It's a budget gimmick that would essentially make it unconstitutional for Social Security and Medicare to use the trust fund reserves they currently have to pay out benefits, because it would prohibit "borrowing" even when new revenues are insufficient to pay out benefits. Additionally, the federal government would be prohibited from repaying the .7 trillion it currently owes to the Social Security trust funds..Your Social Security Retirement Toolkit: A Step-By-Step Guide to Getting the Money, Benefits & Financial Support You Are Entitled To, February 2017..In a Wednesday speech on the House floor, Speaker John Boehner stated, "What we are dealing with is a President who has ignored the people, ignored the Constitution, and even his own past statements. In fact, on at least twenty-two occasions, he has said he does not have the authority to do what he did." In response to the bill's passage, White House officials issued a veto threat and said "there's no reason to tinker with the administration's actions at all.".Wednesday's vote marks an important step in the confirmation process, and she now faces only one more vote from the full Senate. Senate Majority Leader Harry Reid has said that he hopes to schedule a final confirmation vote before the end of the month. The overwhelming display of support from lawmakers on both sides of the aisle on Wednesday means that Burwell's path to confirmation will likely be an easy one. Nonetheless, TSCL will continue to keep a close eye on the process in the coming days..According to a new survey by The Senior Citizens League, premiums for Medicare supplemental insurance, known as Medigap, grew more than twice as fast as Social Security cost of living -adjustments in the past year. About 41 percent of survey participants who are covered by a Medigap policy report robust premium increases in the past 12 months of at least 6 percent or more, particularly for individuals who were covered by a policy for more than two years. "The Social Security COLA for 2019 is 2.8 percent, far lower than the rate that Medigap policies appear to be growing," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League..Many believe that the public stage has politicized the debate and is preventing the group from reaching a breakthrough. With only one week to go before the Presidents Day recess, the next meetings will likely move behind closed doors.."It's a barrage of contributions that accounts for roughly million in campaign giving, distributed via roughly 4,500 checks from the political action committees affiliated with the companies.

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The Senior Citizens League opposes the plan that was advanced by the Budget Committee this week since it would lead to increased costs for Medicare and Medicaid beneficiaries, and it would cut benefits for Social Security recipients. Instead, we support legislation like the Social Security 2100 Act and the Improving Access to Affordable Prescription Drugs Act, which would strengthen and reform the Social Security and Medicare programs responsibly, without cutting benefits for current or future retirees..Even more surprising is what isn't showing up on the list - medical costs. The cost of medical care services still increased 2.5 times faster than the COLA, rising by 3.2 percent. That's nothing new. In many years medical costs have increased more rapidly than in 2020. Emergency coronavirus legislation last spring restricted what providers could charge for many COVID-19 related services, and large numbers of patients and their doctors postponed non-urgent care..Alexandria, VMore than 90 percent of older Americans are likely to be making a secret Christmas wish for the New Year, says The Senior Citizens League. "That's to make ends meet," says TSCL Chairman, Ed Cates. A national survey conducted by TSCL earlier this year found that 98 percent of Social Security recipients participating reported the annual cost-of-living adjustment had increased their Social Security benefits by less than a month in 2014, but 92 percent said their monthly expenses had increased by more than "That disparity between COLAs and rising costs is the 'Grinch that's stealing Christmas' for millions of older Americans this year," Cates says. … Continued

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If you've been to a pharmacy in recent years, you've no doubt noticed how drug costs are soaring - and you've probably felt the immense financial pressure of rising prices. You've also probably thought about how it is that consumers are burdened with the pain of these higher costs while the drug industry simultaneously rakes in massive profits with little to no accountability..Fifty-six percent of participants in a national survey by The Senior Citizens League say they pay taxes on their Social Security benefits. "The tax on Social Security income takes new retirees by surprise," says TSCL Chairman Ed Cates. "This is one retirement expense that must be carefully planned for. The government today taxes the Social Security benefits of a majority of older adults, even people with very modest middle incomes," he notes..New retirees can be caught off guard by the tax, and the Social Security Administration's information about it "can be easily misunderstood," Johnson notes. Information about the tax on the Social Security Administration's website says that the tax affects retirees with "substantial income." It states: "Some of you have to pay federal income taxes on your Social Security benefits. This usually happens only if you have other substantial income in addition to your benefits. … Continued

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