According to a report by Bloomberg News, research have found that over 47% of new drugs introduced in 2020 and 2021 cost more than $150,000 per year, compared to just 9% of new drugs from 2008 to 2013. The median intr ...

According to a new report from Kaiser Health News, “The Biden administration is considering a requirement that the nation’s 15,500 nursing homes spend most of their payments from Medicaid on direct care for residents and ...

A Treasury Department watchdog last Friday released public service announcements cautioning the public about IRS impersonation scams. The scams rely on impersonators who either claim to be IRS employees on the phone o ...

Last week Congressman Peter DeFazio and Senator Bernie Sanders introduced joint legislation, the Social Security Expansion Act (SSEA), to strengthen and expand Social Security for current and future generations. The S ...

Whether it is a coincidence or was planned knowing the Social Security Trustee’s report would be released last week, the Senate Budget Committee will hold a hearing this Thursday on Social Security. Congressional Democra ...

While Congress was on Memorial Day recess last week the annual Social Security Trustee Report was released. It announced that the financial health of Social Security improved slightly over the past year. The report pr ...

Q:  The Federal Reserve increased interest rates “to put the brakes on inflation.”  How does that work?  Wouldn’t I pay higher costs when credit card companies raise interest rates?   A:  TSCL believes that putting th ...

Five Ways to Save When Everything Is Going Up By Mary Johnson, editor With persistent inflation around 8.5%, a historic 40-year high compared to a year ago, everyone is looking for ways to reduce costs and save mon ...

High Inflation Could Lead to Higher Taxes for Social Security Recipients By Doug Osborne, Legislative Liaison The next tax season could be a difficult one for many unsuspecting older taxpayers.  TSCL believes many ...

Staffing Shortages at Long Term Care Facilities May Not Recover Quickly By Rick Delaney, Chairman of the Board The annual average price of a semi-private room in a nursing home in 2020 was about $95,000 at the star ...