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.
“Now is not the time to turn our backs on seniors by cutting Social Security and Medicare!” declared Congressman Raja Krishnamoorthi
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).
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.
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.
Social Security’s trust fund received a one-year reprieve in the 2022 Social Security Trustees report, released late Thursday afternoon. The Trustees project that the combined disability and retirement trust fund will become depleted in 2035 – one year later than predicted last time – if Congress doesn’t take preventative action. When the trust fund becomes insolvent, the Trustees say, Social Security will only be able to pay 80% of scheduled benefits.
Medicare Part D prescription drug beneficiaries can be in for a rude surprise after they sign up for coverage. In an article this week in Kaiser Health News, Susan Jaffe writes that the price of a drug may jump within a month of a patient enrolling in the Part D drug plan
The U.S. House took a big step toward saving seniors money on a life-saving drug. On Thursday, lawmakers voted to enact a $35 cap on the cost of insulin for “most Americans who depend on it."
There’s encouraging news for seniors in President Biden’s FY2023 budget, even though it does not contain everything that advocates for older Americans had hoped. The budget, which now will be submitted to Congress, includes crucial funding for services that seniors rely upon – from the operation of the Social Security Administration (SSA) to nutrition programs under the Older Americans Act.
In his first State of the Union speech, President Biden addressed the ever-rising prescription drug prices that continue to plague Americans --- especially seniors.