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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.
By |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.
By |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|

Social Security Trust Fund Projected to Endure for an Additional Year, Trustees Say

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.
By |2022-06-03T12:21:25-04:00June 3rd, 2022|Categories: COLAs, Congress, payroll taxes, President Biden, Rep. John Larson, Social Security, Social Security Trustees|

The Part D Prescription Drug Bait and Switch

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
By |2022-05-06T10:51:04-04:00May 5th, 2022|Categories: Centers for Medicare and Medicaid Services, Congress, Democrats, Medicare, Medicare Drug Coverage and Costs, Prescription Drug Prices, President Biden|

What Does the President’s Budget Mean for Seniors?

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.
By |2022-03-28T15:13:27-04:00March 28th, 2022|Categories: Boost Social Security, Budget, Congress, COVID, Democrats, Long term care, Medicare, Prescription Drug Prices, President Biden, Social Security, Social Security Administration (SSA), Uncategorized|

Pending Aduhelm Coverage Decision Could Pave the Way for Lower Medicare Premiums

Medicare Part B beneficiaries have seen their monthly premiums jump to from $148.50 to $170.10 this year – one of the biggest increases in recent history. Many seniors on fixed incomes who welcomed this year’s 5.9% Social Security COLA were dismayed to find that $21 of it will be consumed by the Medicare premium bump.  But this week brought some potentially encouraging news. 
By |2022-03-21T12:31:59-04:00January 11th, 2022|Categories: COLAs, Congress, Medicare, Medicare premiums, Prescription Drug Prices, President Biden|

House Passage of Build Back Better is Something For Seniors To Be Thankful For

The House of Representatives passed President Biden’s landmark Build Back Better plan this morning --- a victory achieved by Democrats to benefit American seniors.  The House-enacted legislation represents the biggest expansion of the social safety net for older Americans and their families in five decades.
By |2021-11-19T16:07:58-04:00November 19th, 2021|Categories: Congress, Democrats, healthcare, Medicare, Medicare Drug Coverage and Costs, National Committee to Preserve Social Security and Medicare, Prescription Drug Prices, President Biden|

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