While Turing Pharmaceuticals Martin Shkreli’s decision to raise the cost of a drug 5,000% certainly got a lot of attention earlier this year, the fact that the high cost of prescription drugs in America continues to soar beyond the reach of many isn’t news to anyone who’s made a trip to the pharmacy lately. In fact, a Kaiser Family Foundation poll found a large majority of the public (72%) view the cost of prescription drugs as unreasonable.
The federal Health and Human Services Department has signaled they’re looking for a way to curb rising prescription drug prices. They need to do so because rising drug costs have now overtaken a long stretch of stable premiums. In other words, while Medicare has successfully controlled premiums those successes are lost when seniors in Part D continue to face growing prescription costs.
“Andy Slavitt, acting administrator for the Centers for Medicare and Medicaid Services, said his agency spent $140 billion on prescri ...
Passing a budget in Washington these days is uglier than making sausage. The next step (now underway), when Congressional appropriators actually decide where to spend those budgeted dollars, may be even worse.
As a reminder, the 2016 budget deal passed last month was far from perfect; however, it did:
· Prevent a 19% cut in Social Security Disability Insurance benefits that would have occurred in late 2016
· Mitigate a 52% Medicare Part B premium increase for 30% of Medicare beneficiaries
· Alleviate an increase in the Part B deductible for all beneficiaries, lowering it from a projected $223 to $167
The budget deal also provided for a roughly $33 billion increase in domestic programs. Many, like Older Americans Act programs, have been devastated by the sequester so loosening that budget noose should have been good news.
However, C ...
There is a lot at stake in the 2016 election because the differences between candidates’ plans for #SocialSecurity, #Medicare and Medicaid are stark. Seniors' votes will make a difference so please help us advocate, educate and keep the candidates accountable for their positions on America's most successful programs!
Senator Elizabeth Warren (D-MA) has introduced legislation, cosponsored by a host of Democratic Senators and supported by us here at the National Committee, to send every senior citizen and disabled veteran in America a check for $580. The “SAVE Benefits Act” follows the announcement last month that beneficiaries would not receive any COLA increase next year.
Senator Warren describes her legislation this way:
“Although the cost of core goods and services is projected to rise next year, millions of Americans will see no increase in the benefits they rely on to make ends meet. Meanwhile, CEO compensation for the top 350 firms increased by 3.9 percent last year. The Seniors and Veterans Emergency Benefits Act (SAVE Benefits Act) would give about 70 million seniors, veterans, people with disabilities, and others an emergency payment equal to 3.9 percent of the average annual Social Security benefit, about $581 - the same percentage raise as the top CEOs.
A $581 increase could ...
America’s seniors, people with disabilities and their families who depend on Social Security have legitimate reason to be scared whenever Congress starts cutting backdoor deals because they know from experience that Social Security, Medicare and Medicaid have been used as piggy banks or political hostages by GOP leaders always looking for ways to cut benefits.
The good news is, contrary to claims by largely financial writers, Social Security benefits were not cut in this week’s Congressional Budget deal.
We take on one of the seriously flawed stories in NCPSSM’s “Equal Time”:
“Proposed budget bill would have devastating effects on millions’ Social Security benefits”, Laurence Kotlikoff, PBS Columnist
“...the new budget drastically cuts Social Security benefits for many of those now collecting, drastically cuts benefits for many of those who were about to collect, exacerbates Social Security work dis ...
Read the entire post at: