Senate Passes Bill to Avoid Default Despite a monumental work load before the end of the year, the Senate is not in session this week. Last week they managed to come up with enough votes to prevent a default on the n ...
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Update: Social Security Benefits Lose 32 Percent of Buying Power
(Washington, DC) – Consumer price index data through August 2021 indicates that the 2022 COLA will likely be about 6 percent. But soaring inflation this year has deeply eroded the buying power of Social Security benefi ...
Dental, Vision and Hearing Benefits May also be on the Chopping Block
Democratic Congressional leaders had also hoped to include new benefits for seniors to cover dental, vision and hearing in their Medicare legislative package this year but those also appear to be in danger. According ...
Fate of Lowering Drug Prices is Up-in-the-Air
Because of divisions within their own party, top congressional Democrats are acknowledging for the first time they’ll have to scale back their drug pricing plans to win enough votes in order to pass their social spending ...
The Government Stays Open for now, but the Debt Ceiling Looms
While so much of the news about Congress last week was what they didn’t do, they did manage to pass a bill to keep the government open through Dec. 3. The hope is that the extra time will enable them to come to an agree ...
TSCL Proposes $1,400 Stimulus for Seniors
Last week TSCL Chairman Rick Delaney sent letters to the leaders of Congress proposing a one-time $1,400 Social Security stimulus payment for seniors. The letter said in part: We’ve heard from thousands of them [senio ...
Weekly Update for Week Ending October 2, 2021
TSCL Proposes $1,400 Stimulus for Seniors Last week TSCL Chairman Rick Delaney sent letters to the leaders of Congress proposing a one-time $1,400 Social Security stimulus payment for seniors. The letter said in pa ...
Loss of Buying Power Report
LOBP Report 10.5.21 ...
Are You Spending Too Much on Your Medicare Coverage?
(Washington, DC) – An estimated 39 million Medicare beneficiaries spend up to 29 percent of their Social Security benefits on healthcare costs, according to a new survey by The Senior Citizens League (TSCL). “That’s a h ...
Medicare and Medicaid Will Pay for Covid Booster Shots
Late last week it was announced that Medicare and Medicaid will pay the full cost of Covid-19 booster shots with no co-pays for everyone on their rolls. In addition, Walgreens has started to give booster shots for Cov ...
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