By Mary Johnson, editor Judging by my email, many of you are living in a manner that you’re unaccustomed to — and not in a good way. Since 2021, higher prices on everyday essentials like housing, heating, food, and p ...
FAQ: Would The 5.9% COLA Cause Social Security To Go Bankrupt Sooner?
Q: When is the Social Security Trust Fund estimated to go bankrupt, and would the 5.9% COLA cause it to be depleted sooner than forecast? A: Last August, the Social Security Trustees released the 2021 annual report, ...
Social Security COLA, How Much Will You Get?
Watch your mail! The Social Security Administration is mailing out “Your New Benefits Amount” statements that detail how much you will be getting in your 2022 Social Security checks. With a cost-of-living adjustment of ...
Price of Alzheimer’s Drug is Lowered – Will Medicare Part B Premium Follow?
A significant part of the large increase in the Medicare Part B premium for next year is because of the cost of the new Alzheimer’s drug Aduhelm, which was priced at $56,000 a year. The premium increase came even thou ...
Medicare Coverage of Hearing Also on the Line
In addition to lowered prescription drug prices, the Build Back Better legislation also contains a provision that would expand Medicare coverage for hearing aids and services. Originally, it also had provisions to provid ...
Will Lowering the Price of Drugs Survive Manchin’s “No” Vote?
This past weekend West Virginia Democratic Senator Joe Manchin announced he will not vote to pass the legislation that would lower prescription drug prices. The drug price reduction provision is part of the “Build Back B ...
Panel Recommends Medicare Cuts in Nursing Home Payments
A congressional advisory panel on Friday moved to recommend that Medicare payments for nursing homes, home health agencies and inpatient rehabilitation facilities be cut by 5% in 2023, citing adequate reimbursement rates ...
House Committee Report: Medicare Could have Saved Billions
After a three-year investigation into how pharmaceutical companies set their prices, the House Oversight and Reform Committee released its report last week that said Medicare could have saved more than $25 billion if all ...
Cuts in Medicare Payments to Health Care Providers are Avoided
Also last week, we reported that the House of Representatives was expected to take up legislation to prevent billions of dollars in cuts to Medicare payments to health care providers. Those cuts would have taken place ne ...
House Holds Hearing on Important Social Security Bill
Last week the Social Security Subcommittee of the House Ways and Means Committee held a hearing on the Social Security 2100 Act: A Sacred Trust. The bill was authored and introduced by Rep. John Larson (D-Conn.), who is ...
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