Total Medicaid SpendingFirst, one new cosponsor Representative Debbie Dingell signed on to the bipartisan Consumer Price Index for Elderly Consumers Act, bringing the total up to fifty-one. If adopted, the bill would base Social Security cost-of-living adjustments on the more fair and adequate CPI-E. Currently, COLAs are based on the Consumer Price Index for Urban Wage Earners, and they fail to keep pace with the inflation experienced by older Americans..It would: require Medicare to negotiate lower Part D drug prices, allow individuals to import prescription drugs from Canada, require greater price transparency from drug manufacturers, accelerate the closing of the Part D "doughnut hole," restore drug rebates for low-income seniors, and put a 0 monthly cap on prescription drug spending for individuals. Together, these changes would dramatically reduce drug costs for Medicare beneficiaries. In the coming months, TSCL will continue to work towards its passage in Congress..Social Security Taxation Question Pushes Action on "Boost Bill" Into 2020 … Continued
Thrive Gratefuls And Grumbles Helping Kids Develop An Attitude Of GratitudeCurrently, because the Trust Funds are a part of the unified federal budget, Congress regularly uses the "excess funds" those not immediately needed for purposes other than to pay out benefits. TSCL believes that this practice is fundamentally unfair to current and future beneficiaries, and because both programs are facing insolvency within the next two decades, we believe it is now more important than ever for Congress to end the irresponsible practice. TSCL enthusiastically supports the Social Security and Medicare Lock-Box Act, and we look forward to working with Congressman Walberg in the coming months to help build support for it..The Social Security's Trustees annual report, which was prepared before the onset of COVID-19 and subsequent shut down of the economy, forecasts that the Social Security trust funds will be depleted by 203But a number of Social Security experts are beginning to warn that the program could run low much sooner, by as early as the end of this decade..Your contact with Members of Congress is important now and could help clear the legislative path for this important legislation. Call your Member of Congress now toll free at. Calls to your elected lawmakers made on this number will be paid for by The Senior Citizens League. … Continued