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8.7% Social Security COLA is Highest in Four Decades, But Seniors Need a Better Inflation Formula

The Social Security Administration SSA announced this morning that Social Security benefits will increase 8.7 % in 2023 --- the largest cost-of-living adjustment (COLA) in four decades. On average, Social Security benefits will increase by more than $140 per month starting in January.
2022-12-13T14:02:44-04:00October 13th, 2022|Categories: COLAs, Congress, Democrats, Max Richtman, Medicare, National Committee to Preserve Social Security and Medicare, Social Security, Social Security Administration (SSA)|

Bill to Repeal Social Security WEP & GPO Advances Out of Committee

A bill to repeal two largely unpopular rules affecting some public sector workers’ ability to collect Social Security benefits was reported out of the House Ways & Means committee today. The Social Security Fairness Act was introduced by Rep. Rodney Davis (R-IL), and currently has more than 290 cosponsors from both parties.
2022-09-21T09:50:26-04:00September 20th, 2022|Categories: Congress, Democrats, Rep. John Larson, Republicans, Social Security|

NCPSSM Celebrates New Drug Pricing Law at White House with President Biden, Advocates

National Committee President Max Richtman and other advocates joined President Biden at the White House on Tuesday for a celebration of the new law reducing prescription drug costs for Medicare beneficiaries, the Inflation Reduction Act.  The event, held on the South Lawn, was attended by members of Congress, administration officials, and representatives of seniors’ groups including AARP, the Center for Medicare Advocacy, and the seniors’ council of the Democratic National Committee.
2022-09-15T10:17:02-04:00September 14th, 2022|Categories: Congress, Democrats, Joe Biden, Max Richtman, Medicare, Prescription Drug Prices|

Over the Counter Hearing Aids Could Be a Winner for Seniors

On August 16th, the Food and Drug Administration issued a final rule establishing a new category of over-the-counter (OTC) hearing aids.  This will allow people with 'mild to moderate' hearing loss to buy hearing aids directly from stores or online retailers.  Consumers will not need an exam, prescription or a fitting by an audiologist.
2022-09-12T10:36:57-04:00September 9th, 2022|Categories: Congress, hearing care, Medicare, President Biden|

NCPSSM President and House Members Team-Up to Tout New Prescription Drug Pricing Measures

NCPSSM President and CEO Max Richtman joined two Pennsylvania congressmen in announcing that seniors will benefit from the just-enacted Inflation Reduction Act. Richtman appeared last week at Circle Pharmacy in Philadelphia with representatives Brendan Boyle (D-PA) and Dwight Evans (D-PA).
2022-08-23T14:25:09-04:00August 23rd, 2022|Categories: Congress, Democrats, Medicare, Medicare Drug Coverage and Costs, Prescription Drug Prices, President Biden|

House Passes Historic Prescription Drug Pricing Legislation

The U.S. House today passed historic legislation to bring down prescription drug prices for tens of millions of American seniors. The Inflation Reduction Act, which the Senate passed last weekend after intense negotiations between Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin, now goes to President Biden's desk for signature.  It is the most sweeping health care legislation since the enactment of the Affordable Care Act in 2010.
2022-08-15T01:42:51-04:00August 12th, 2022|Categories: Congress, Democrats, Medicare, Medicare Drug Coverage and Costs, Medicare Part D and My Current Drug Coverage, Prescription Drug Prices, President Biden|

Prescription Drug Price Reform of Historic Proportions

Those who refer to the Inflation Reduction Act passed by the Senate this past weekend as “historic” are not exaggerating. The Act represents the most muscular legislation to date to try to tame rising prescription drug prices, which can be devastating for seniors.
2022-08-09T13:35:14-04:00August 9th, 2022|Categories: Congress, Democrats, Don't Cut Pills Cut Profits, Max Richtman, Medicare, Prescription Drug Prices, President Biden, Senate, Trump|

Ron Johnson’s Plan is Part of GOP Assault on Seniors’ Earned Benefits

Social Security and Medicare defenders often say that the public doesn’t understand the threat that Republicans pose to these programs.  Indeed, many Republicans proclaim support for both while pushing proposals to undermine them.  But lately it seems as if Republicans are going out of their way to lay bare their intentions – or, as some put it, “to say the quiet part out loud.” Earlier this week, Senator Ron Johnson (R-WI) said during an interview that Social Security and Medicare should no longer be mandatory spending programs
2022-08-05T14:24:23-04:00August 5th, 2022|Categories: Congress, Democrats, Medicare, Republicans, Senator Mitt Romney, Social Insurance, Social Security|

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