President's Forum
President’s Forum 137 – Social Security and Medicare Trustees Reports 2022
Social Security and Medicare Trustees Reports 2022
The Trustees for Social Security and Medicare issued their annual reports on Thursday, June 2, 2022. Social Security has 66 million beneficiaries and Medicare covers nearly 64 million people in 2022. Key information in the reports for current and future retirees included:
Social Security:
The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2034, one year later than reported last year. At that time, the fund’s reserves will become depleted and continuing tax income will only be sufficient to pay 77% of scheduled benefits.
Bill Kadereit
National Retiree Legislative Network
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The NRLN board created the American Retiree Education Foundation (AREF) in 2014 as a 501(c)(3) tax-deductible, nonprofit education foundation to expand the research and educational reach of the NRLN and to enable NRLN to sharpen its focus as an organization lobbying for the passage of federal legislation and regulations that benefit retirees.
For example, the white paper on Protecting Pension Assets which is used to educate members of Congress on the need for legislation to prevent pension plan sponsors from using plan assets for non-pension expenses was funded by AREF. Access the white paper here.
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The NRLN has produced Video/Podcast Series 2, Episode 3 for 2022 – Congress Must Take Action to Reduce the Price of Prescription Drugs. In this episode, Ed Beltram, NRLN VP-Communications, and I address the high cost of prescription drugs, how an Rx discount card provides savings, NRLN lobbying efforts to reduce drug prices, and House and Senate bills we support.
LISTEN TO THE PODCAST ABOVE!
After clicking the “play arrow,” click the screen enlarge icon in the right corner of the screen to expand the video. Click the screen compress icon in the right corner of the screen to make the video smaller.
Formation of Delphi Retirees Chapter - NRLN
The Delphi Retirees Chapter is now one of 14 NRLN Chapters. The Chapter’s webpage is at: https://www.nrln.org/nrln-delphi-retirees-chapter/. Mike Husar is Chapter President. Any Delphi retiree who would like to be part of the Chapter’s leadership team, such as, vice presidents for legislative affairs, membership development, webpage editor or some other role should send an email to presdelphichapter@nrln.org.
MEDICARE AND YOU HANDBOOK 2022
NRLN Grassroots Network is the name for having support from NRLN members to respond to Action Alerts plus having Region, State and Congressional District leaders to support the NRLN’s Washington, D.C. lobbying efforts.
Check the Congressional Report Card
NRLN Provides New “Report Card” Feature on Members of Congress. Do your Senators or Representative support bills that help retirees?
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Pharma Contributions to Congress
How much did your U.S. Representatives and Senators take as campaign contributions from the Pharmaceutical and Health Products Industry for their recent election campaigns and the current 2019-20 one? Could this be a reason why bills to reduce the price of prescription drugs are not being passed? To see data that the NRLN has compiled from OpenSecrets.Org, Center for Responsive Politics, CLICK THE BUTTON BELOW. All Senators and Representatives are now shown by state and amount for ease of reviewing your state’s delegation.
It’s Time to Provide Health
Coverage Tax Credit (HCTC)
Email letter and make phone call to your Representative to
Request Yes Vote
Ask Your Senators to Pass S.3393
Ask Your Representative to Pass H.R.6339
In the News
The articles and opinion pieces below are for information and are not necessarily a reflection of the NRLN’s position on issues.
The NRLN is nonpartisan and its positions on retirement issues are presented in its Legislative Agenda and white papers that can be accessed from under the Legislative Agenda tab on the website main menu.
Expanded IRS free-file system one step closer in Dems’ bill By Fatima Hussein; The Associated Press ~ Aug 15, 2022
Here are 4 key health policy items in the Inflation Reduction Act By Robert King; Fierce Healthcare ~ Aug 15, 2022
Historic Drug Pricing Measures Head To Biden’s Desk To Sign Via KHN Morning Briefing; Kaiser Health News ~ Aug 15, 2022
2 Big Reasons Social Security Is Failing Seniors By Katie Brockman; The Motley Fool ~ Aug 14, 2022
Expanded IRS free-file system one step closer in Dems’ bill By Fatima Hussein; The Associated Press ~ Aug 13, 2022
Three At-Home COVID Tests Needed to Confirm Negative Result, FDA Says Via “Adobe Stock”: HealthDay ~ Aug 12, 2022
Historic Day For Biden, Democrats As Flagship Health, Climate Bill Strides Toward Victory Via KHN Morning Briefing; Kaiser Health News ~ Aug 12, 2022
Samples of Popular Diabetes Drug Contain Potential Carcinogen, F.D.A. Says Testing found nitrosamine contamination in some samples of Januvia, but regulators will allow Merck to continue selling the drug for now. By Andrew Jacobs; The New York Times ~ Aug 11, 2022
A Blood Or Saliva Test To Predict Your Covid Immunity? Maybe Soon Via KHN Morning Briefing; Kaiser Health News ~ Aug 11, 2022
Pharma Industry’s Response Monitored To Drug Pricing Measures Via KHN Morning Briefing; Kaiser Health News ~ Aug 11, 2022
Limits on Wealthy Retirement Accounts Not in Inflation Reduction Act By Ted Godbout; ASPPA ~ Aug 10, 2022
Here’s what you need to know about Medicare Part A’s depletion date Via Moneywatch; CBS News ~ Aug 10, 2022
The New Medicare Drug Bill Is Big, But Seniors Won’t See Many Of Its Benefits For Years From Howard Gleckman; Forbes ~ Aug 10, 2022
Hospital Execs Look For Tech Shortage Relief As Biden Signs CHIPS Bill Via KHN Morning Briefing; Kaiser Health News ~ Aug 10, 2022
No Appointments: 1 In 5 People Unable To Get Help For Illness During Pandemic Via KHN Morning Briefing; Kaiser Health News ~ Aug 09, 2022
Republicans do the math on spending bill, IRS agents By Jennifer Harper; Washington Times ~ Aug 09, 2022
Health Employers Hired More In July Than June Via KHN Morning Briefing; Kaiser Health News ~ Aug 08, 2022
Health Employers Hired More In July Than June Via KHN Morning Briefing; Kaiser Health News ~ Aug 08, 2022
In a massive victory for Democrats, Medicare is poised to negotiate drug prices By Rachel Cohrs; Stat ~ Aug 07, 2022
Inflation Reduction Act Passes: Senate Approves $430 Billion Climate And Healthcare Bill Carlie Porterfield; Forbes ~ Aug 07, 2022
Democrats’ Long-Sought Plan for Lowering Drug Costs Is at Hand Empowering Medicare to negotiate prices directly with drug makers has been a Democratic goal for 30 years, one the pharmaceutical industry has fought ferociously. By Sheryl Gay Stolberg & Rebecca Robbins; The New York Times ~ Aug 05, 2022
NEW DETAILS: Delphi pensions bill stalls in Senate By Thomas Gnau; Dayton Daily News ~ Aug 05, 2022
Democrats will have to limit their drug pricing reforms to Medicare to comply with Senate rules By Rachel Cohrs; Stat ~ Aug 06, 2022
The ‘Big Moment’ For U.S. Healthcare By Troy Bannister; Forbes ~ Aug 05, 2022
AARP, Big Pharma locked in battle over drug pricing bill By Karl Evers-Hillstrom; The Hill ~ Aug 05, 2022
Health care costs are so high that 98 million Americans say they’ve had to cut spending on food and gas By L’Oreal Thompson Payton; Fortune ~ Aug 04, 2022
Cardin: The Time for Action on SECURE 2.0 Is Now By Ted Godbout; ASPPA ~ Aug 03, 2022
Seniors feel forgotten by state stimulus efforts to combat inflation: ‘We’re not important enough to be considered’ By Alicia Adamczyk; Fortune ~ Aug 03, 2022
A Predictable Surprise: Twelve Years After Obamacare And We Are Worse Off Than Ever From Rita Numerof; Forbes ~ Aug 03, 2022
Industry Presses Congress To Fix Doctor Shortage With Foreign Staff Via KHN Morning Briefing; Kaiser Health News ~ Aug 03, 2022
Inflation, Stock Market May Cause Retirees To Reconsider Using Their Home Equity From Steve Vernon; Forbes ~ Aug 03, 2022
GOP Sharpens Its Claws In Fight Over Massive Health Spending Bill Via KHN Morning Briefing; Kaiser Health News ~ Aug 02, 2022
CMS calls for public input to improve Medicare Advantage By Susan Kelly; Healthcare Dive ~ Aug 01, 2022
Spending Bill Would Crack Open Long-Shut Door On Medicare Drug Talks Via KHN Morning Briefing; Kaiser Health News ~ Aug 01, 2022
Part D premiums to decline by 2% in 2023: CMS By Paige Minemyer; Fierce Healthcare ~ Aug 01, 2022
A Birthday Wish For Medicare And Medicaid: Less Waste And Better Care From Sally Pipes; Forbes ~ Aug 01, 2022
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