Alliance Endorses Deutch Plan To Make Social Security Solvent In The Long-Term
The Alliance For Retired Americans has sent a Letter to U.S. Representative Ted Deutch (Democrat-Florida) endorsing the Protecting and Preserving Social Security Act that he introduced along with U.S. Senator Mark Begich (Democrat-Arkansas). The Legislation ensures Long-Term Solvency for Social Security by gradually Lifting the Cap on Wages for High-Income Earners. At the same time, the Plan enhances Benefits by applying a More Accurate Cost-Of-Living Adjustment, Guaranteeing that Seniors’ Benefits keep up with their daily needs. To see the Letter, go to http://tinyurl.com/al9auet.
Medicare Prescription Drugs Costs Are Down Due To The Affordable Care Act
Health Care Reform is paying off for Seniors. According to a recent Report issued by the Obama Administration, the Affordable Care Act has saved 6.1 million People, largely Seniors and People with Disabilities, more than $5.7 billion in Prescription Drug Costs. The Law achieved this feat by starting to close the Doughnut Hole in the Medicare Part D Prescription Drug Benefit, which had forced many Medicare Beneficiaries to Pay all the Costs of their Prescriptions. Health Care Reform has helped with Prescription Expenses since 2010 and will close the Doughnut Hole entirely by 2020. To read The Huffington Post article on the report, go to http://tinyurl.com/bhv5a2v. “This is a clear illustration of the Benefits that Health Care Reform has provided to seniors,” Alliance Secretary-Treasurer Ruben Burks said. “Given the rate at which Prescription Drug Costs are rising, many Seniors would not be able to pay for them without the Affordable Care Act.”
David Cote Faces Protesters After Helping To Create The Simpson-Bowles Plan
Several New Hampshire Alliance Members were among the 50 Protesters who recently confronted CEO and Fix the Debt Leader David Cote over Corporate Tax Breaks in Manchester, New Hampshire. Cote, who is President of Honeywell International, sat on the President’s Simpson-Bowles National Commission on Fiscal Responsibility and Reform, and has Advocated Lowering the Cost-Of-Living Adjustments of Social Security Recipients or Raising the Age of Eligibility. “Instead of Reducing the Deficit on the backs of Working Americans, Corporations should Pay Taxes – ‘like the rest of us,’” New Hampshire Alliance President Charlie Balban said. More at http://tinyurl.com/acdt7wk.