Report Section The Latest On Geographic Variation In Medicare Spending Data And MethodsTSCL agrees with Congressman Garamendi, and we hope to see his CPI-E Act signed into law before the end of the 115th Congress. For more information on H.R. 1251, visit the Bill Tracking section of our website. To read The Senior Citizens League's Loss of Buying Power study, click HERE..It is far easier for physicians than hospitals to opt out of taking Medicare patients. Most hospitals must accept them since they rely on Medicare payments to fund inpatient stays, doctor training and other functions..TSCL would like to thank Reps. Allen West, Madeleine Bordallo, Cedric Richmond, Tom Marino, and Bill Posey for taking the time to discuss the issues that are most important to our members and supporters. TSCL also met with Anna Gonzalez, Rules Associate for Rep. Alcee Hastings, and Brett Richards, Legislative Assistant to Rep. Steven Palazzo. … Continued
Blog State Elections 2020 Elections Ballot MeasuresSocial Security and Medicare remain the targets of plans to reduce federal spending. Over the past 12 months, both Members of Congress and President Obama came close to agreeing on cuts to Social Security benefits, including cost-of-living adjustments and making seniors pay more for their Medicare. How much are Social Security benefits worth over a lifetime and what can you count on? A baby boomer retiring with an "average" benefit of ,100 in 2011 can expect to receive 0,225 over ten years, and 3,641 if he or she lives twenty-five years, due to the compounding effect of the cost-of-living adjustments..Last week a group of 10 moderate Democrats delayed a procedural vote for their party's reconciliation bill, which is the expensive bill containing the President's program to rebuild the U.S. infrastructure. The fear is that some of those same moderates may again band together to blunt the drug-pricing provisions going into the reconciliation package..TSCL is strongly opposed to plans to "chain the COLA." Such a switch has been estimated to reduce Social Security benefits by about 7% over a 30-year retirement. An average benefit of ,300 in 2017 would be about 5 per month less at the end of the period than it would be using the current CPI. An index that causes higher taxes, and lower retirement benefits, make the chained CPI a bad deal for older Americans. … Continued