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Entitled to Know Blog - The Truth About Social Security and Medicare

McAdams Wins Endorsement of Major National Seniors Group

Salt Lake County mayor Ben McAdams has garnered the endorsement of the National Committee to Preserve Social Security and Medicare in his bid to unseat Utah Rep. Mia Love.  The fourth district race pivots around several crucial issues for seniors, including Medicare, Medicaid, and the Affordable Care Act.  Seniors are among the fastest growing populations in Utah, with the number of 65-85 year olds trending upward.

“Ben McAdams is the candidate who will safeguard the interests of Utah seniors in the U.S. Congress.  He understands that at a time when the state’s senior population is on the rise, their Social Security and Medicare benefits should be expanded, not cut.  He knows that the Affordable Care Act helps cover older Americans with pre-existing conditions who otherwise couldn’t get insurance, and believes it should be fixed, not repealed.  He worked across the aisle to expand Medicaid, which helps cover seniors’ long-term care services and supports,” said Max Richtman, President and CEO of the National Committee.

Social Security COLA to Rise for 2019, but Formula Should be Improved

Social Security beneficiaries will receive a much-needed, 2.8% cost-of-living adjustment (COLA) for 2019 – providing a $39 bump to the average monthly retirement benefit.  The 2019 COLA is higher than 2018’s (2.0%), which was partially offset by an increase in Medicare Part B premiums for many beneficiaries. With Medicare Part B premiums anticipated to rise minimally for most beneficiaries next year, Social Security recipients will be able to keep the lion’s share of the new cost-of-living increase.

Pharmacists and Seniors Say Goodbye to “Gag Clause” and Hello to Lower Drug Costs

Pharmacists finally will be free to disclose lower prices for prescription drugs, thanks to a new law introduced by Senator Debbie Stabenow (D-MI), which was endorsed by the National Committee to Preserve Social Security and Medicare.  The Know the Lowest Price Act was signed into law by President Trump Wednesday after receiving bipartisan support in Congress.  It blocks Medicare Part D insurers and pharmacy benefit managers from restricting a pharmacist’s ability to tell beneficiaries that certain medications may be cheaper when purchased out of pocket than by going through their insurance plan.

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