Health Check Fending Off TicksThis week, lawmakers in the House passed legislation that would fund the Department of Homeland Security through September and address President Obama's recent immigration orders. In addition, The Senior Citizens League announced its support for two new pieces of legislation..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..The Senior Citizens League is relieved that Members of Congress were able to avert the Fiscal Cliff and provide a "doc fix" without enacting harsh benefit cuts. However, topics like "chaining" the Social Security COLA and increasing means testing measures within Medicare will likely resurface next month, when Congress will be required to raise the debt ceiling address the spending cuts once again. In the meantime, TSCL will continue to inform Members of Congress about the consequences of cutting Social Security and Medicare benefits, and we will post updates here in the Legislative News section of our website. … Continued
Patient Education Giving Birth How To Tell If You Are In LaborMost Americans contribute 6.2% of every paycheck to Social Security, but due to the taxable maximum earnings cap, wealthy individuals earning more than 8,500 pay nothing above that amount. Do you support increasing or eliminating the maximum taxable earnings limit to make the program more solvent?.Thus, we are watching to see how this Administration would do things differently this time. In addition, there are concerns on the Canadian side about the timing. Canada is concerned this could cause drug shortages, particularly for drugs used to treat COVID-19 further exacerbating tensions with one of our nation's closest allies and trading partner..You should know that there are some groups who call themselves senior groups but are funded mostly by the drug makers and other corporate interests. Whereas TSCL is beholden only to you, those groups dare not oppose the corporations that fund them, whether it is in the interests of seniors or not. … Continued