Insider’s Report: Max Richtman Participates in a Town Hall Meeting
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“Now is not the time to turn our backs on seniors by cutting Social Security and Medicare!” declared Congressman Raja Krishnamoorthi (IL-08), kicking off a town hall in his home district with National Committee President and CEO Max Richtman on August 29th. Held in Des Plaines, Illinois before an audience of constituents, the event was entitled, “Keeping Our Promises to Seniors.”
U.S. Representative Raja
Krishnamoorthi (IL-08)
with NCPSSM President Max Richtman.
During the hour-long town hall, Max and U.S. Representative Krishnamoorthi pledged to continue working together to expand and strengthen Social Security and Medicare — and fight any attempts to cut or privatize them. They lauded the enactment of the Inflation Reduction Act which requires Medicare to negotiate certain high-cost prescription drug prices and caps beneficiaries’ out-of-pocket costs for medications, among other measures to alleviate seniors’ costs at the pharmacy counter.
According to Max, “Medicare is going to be able to negotiate the prices of some of the most expensive drugs. And the $2,000 yearly cap in Medicare Part D is going to help a lot of seniors who have been spending a fortune on very costly treatments. We worked on this for a long time and finally got it through the Congress.”
Participants also asked questions about the controversial Medicare Advantage (MA) program — the privately-run alternative to traditional Medicare. MA plans, which are run by big insurance companies, are undergoing increased (some would say, overdue) scrutiny for questionable practices, including overbilling the Medicare program and denying reasonable care to patients.
In addition, Max and U.S. Representative Krishnamoorthi addressed legislative efforts to expand and strengthen Social Security, and cited U.S. Representative John Larson’s “Social Security 2100: A Sacred Trust Act,” which would “bring in more revenue, extend solvency, and improve benefits… by changing the cap on wages subject to payroll taxes so the wealthy pay their fair share.”
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Good Bills |
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The National Committee endorses the Protecting and Preserving Social Security Act, introduced by U.S. Representative Ted Deutch (FL-22) in the House and U.S. Senator Mazie K. Hirono in the Senate (HI), which strengthens the financial condition of the Social Security Trust Funds for many years and adopts the Consumer Price Index for Elderly Consumers (CPI-E) for the purpose of determining annual cost-of-living increases for Social Security beneficiaries.
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Ask Web |
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Our resident Social Security expert, Webster Phillips — a Senior Policy Analyst for the National Committee and a 31-year veteran at the Social Security Administration — is here to answer your questions about Social Security.
You can either search our archives for valuable advice on a broad range of concerns or submit your question here.
This week's question is: I would like to begin receiving Social Security benefits at age 62 and would like to know if I can apply only for spousal benefits on my husband’s record now and defer applying on my own record until it reaches its maximum when I turn 70. I will be 62 in December and my husband will be 65 next March.
Click here to read the answer.
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What’s in the Inflation Reduction Act for Medicare Beneficiaries |
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On the "Medicare Moments" radio program, NCPSSM legislative director Dan Adcock says Medicare drug price negotiation is one of the significant improvements for seniors in the just-enacted law. (August 18, 2022, WMKV, Radio interview with NCPSSM President & CEO Max Richtman)
Listen Here →
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New Bill Would Repeal Federal Taxes on Social Security Benefits |
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Dan Adcock, Director of Government Relations & Policy at the National Committee to Preserve Social Security and Medicare, said that while the group supports “providing tax relief to Social Security beneficiaries, our preferred legislative vehicle for accomplishing this goal is Social Security 2100: A Sacred Trust.” (August 29, 2022, Think Advisor, Melanie Waddell)
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