TSCL believes this would help boost benefits and keep older women out of poverty, help them to enjoy better health, and contributing to their communities longer. We support legislative remedies like these and will be working to share our survey results in upcoming meetings with Members of Congress..2020 Social Security Trustees Report, April 22, 2020. "COVID-19 May Deplete Social Security Trust Funds This Decade," Nicko Gladstone, Shai Akabas, Bipartisan Policy Center, April 22, 2020..In addition, one new cosponsor Rep. Corrine Brown signed on to the Improving Access to Medicare Coverage Act. The cosponsor total is now up to one hundred and forty-four. If signed into law, H.R. 1179 would amend current Medicare policy to count hospital stays under "observation status" towards the three-day requirement for skilled nursing care. Currently, those under "observation status" don't qualify for coverage of the benefit, and they are often hit with large, unexpected bills after receiving necessary medical care. TSCL believes the current policy is unfair, and we were glad to see support grow for H.R. 1179 this week..This new data strengthens the argument that focusing on negotiating prices for the relatively small number of drugs that make up a disproportionately large amount of Medicare spending could help reduce the costs of prescription drugs to Medicare and the patients who use them..TSCL is highly concerned that paying benefits based on illegal work rewards people for breaking the law while weakening program financing for people who paid into the system the legal way. Concerned about this issue? Sign a petition!.The fact that there are actually two Social Security trust funds is important when you break down the numbers behind the trust funds' cash deficits. According to the Social Security Trustees' "intermediate" projections, the OASI trust fund would run a cash deficit of billion in 2010, and the DI trust fund a billion cash deficit..If signed into law, the Social Security Preservation Act would require that all annual surpluses of the Social Security Trust Funds be invested in marketable interest-bearing obligations of the United States or obligations guaranteed by the United States. It also outlines certain requirements for determining the annual surplus of the Trust Funds. With the Social Security Trust Funds set to expire in 2033, TSCL believes that it is now more important than ever for Congress to protect and secure the program's monies. Rep. Paul's bill would do just that, and we were pleased to see support grow for it this week..match you up with business mentors or help you brush up on skills like using a.This study has found that Social Security benefits tend to lose buying power over time, because prices of the goods and services most frequently purchased by older Americans tend to increase more quickly than the COLA. In this year's study, price data indicate that Social Security benefits lost 30 percent of buying power since 2000. The 2020 findings represent an improvement in benefit buying power of 3 percentage points from January 2000 through January 2020. Several items came down in price, particularly electricity, as well as a few food items including fresh fruits and vegetables.
