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The Latest News on Social Security and Medicare

Rather than focusing on the candidate’s plans for improving Social Security and Medicare’s long-term solvency, strengthening benefits and tackling the retirement crisis looming for millions of workers and retirees, last night’s viewers were stuck with the same old crisis calls that ‘entitlements’ are bankrupting America.


Today’s announcement that there will be a tiny .3%  Social Security cost-of-living adjustment (COLA) increase next year means that 40 million seniors who rely on their Social Security to get by will once again find their expenses outpacing their Social Security benefit.  This continues the trend of historically low cost-of-living adjustments for seniors. Over the past eight years, the current COLA formula has led to average increases of just over 1%, with three of those years seeing no increase at all.  For the average senior, the 2017 COLA will mean an extra $4.00 per month which would barely cover the average cost of one Lipitor pill, a prescription drug frequently prescribed to seniors.  


On behalf of the millions of members and supporters of the National Committee to Preserve Social Security and Medicare, I am writing to endorse H.R. 6265, the “Medigap Consumer Protection Act of 2016.”  Your proposed legislation would improve access to Medigap for seniors and disabled individuals in the traditional Medicare program who rely on supplemental Medigap insurance coverage to pay for Medicare’s high out-of-pocket costs.  


On behalf of the National Committee to Preserve Social Security and Medicare’s millions of members and supporters, I write to endorse the Fair Accountability, and Innovative and Research Drug Pricing Act of 2016, which would require drug manufacturers to be more transparent about their justification for increases in drug prices over 10 percent. Manufacturers would be required, among other things, to report their spending on a drug’s research and development as well as their profits on a drug each year since its approval.


The National Committee to Preserve Social Security and Medicare is proud to support the “Strengthening Social Security Act of 2016,” introduced today by Representative Linda Sanchez (D-CA). She was joined today by Representatives Mike Honda (D-CA), Mark Pocan (D-WI) and Social Security advocates at a Capitol Hill news conference describing this important legislation.


The National Committee’s members and supporters applaud Hillary Clinton’s plan to create a consumer response team to identify and intervene in cases where drug manufacturers are hiking costs without justification. For too long America’s drug industry has been allowed to raise prices excessively for treatments that have been available for years. The recent EpiPen 400% price hike is just the latest example of companies putting profits ahead of patients.  The sky-rocketing cost of prescription drugs is hurting average Americans, our health system and the federal budget.  


On behalf of the millions of members and supporters of the National Committee to Preserve Social Security and Medicare, I write to endorse your legislation entitled the "Strengthening Social Security Act of 2016."


It is estimated that there are about 11 million undocumented workers in the United States today. These immigrants come to our country to work.  They contribute to the economic health of our nation.  They also make substantial contributions to Social Security through the payroll tax, even though neither they nor their families are eligible to receive benefits.  The National Committee to Preserve Social Security and Medicare believes that bringing undocumented workers into our national family would be beneficial for the country and good for Social Security as well. 


Medicare Part D is a voluntary prescription drug benefit for Medicare beneficiaries that was established in 2003 under the Medicare Modernization Act. Prior to this law, Medicare did not offer a prescription drug benefit. In 2015, over 39 million Medicare beneficiaries were enrolled in a Part D plan.


Not all of America’s seniors have cell phones that are capable of receiving text messages, and we are concerned that the new authentication requirements will mean that millions of Americans will find themselves cut off from this convenient avenue of service delivery. That’s why we urge you to move quickly to protect seniors by expanding your authentication procedures to include options that can be used by those who do not have text-capable cell phones.

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Telling the Truth about Social Security's Funding isn't "Nasty" it's Just Reality

While Social Security and Medicare finally got their 90 seconds of fame last night, as expected, the question was framed exactly how Washington's well-funded fiscal hawks had hoped -- America can't afford "entitlements," (wrong), the programs are the biggest drivers of our debt (nope), are going bankrupt (actually no, they're not) and then the real heart of the question: How are you going to cut benefits?

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