PRICED Act Will Reduce Drug Costs by Promoting Competition

Seniors depend on drugs derived from living organisms – known as ‘biologics’ – to treat a plethora of serious health conditions, including multiple sclerosis, Crohn’s disease, asthma, rheumatoid arthritis, chronic pain and cancer. But for many older Americans, biologics are simply out of reach because they cost too must. Today, Rep. Jan Schakowsky (D-IL) and[…]

Medicare Must Be Allowed to Negotiate Drug Prices

Four influential Democratic Senators delivered a message to their Republican colleagues and President Trump today: allowing Medicare to negotiate directly with Big Pharma is the best way to bring down prescription drug prices. In a press conference at the U.S. Capitol, Sens. Debbie Stabenow (D-MI), Amy Klobuchar (D-MN), Patty Murray (D-WA), and Chris Murphy (D-CT)[…]

This Medical Bill is one of the Worst ‘Surprises’

As part of a bipartisan movement on Capitol Hill to confront “surprise medical bills,” Senators Patty Murray (D-WA) and Lamar Alexander (R-TN) are crafting legislation that would protect patients against unexpected health care expenses. But the Senators’ bill currently does not address one of the rudest surprises of all: when Medicare patients discover that they[…]

Putting Drug Prices in TV Ads Won’t Solve the Problem

The Trump administration has come out with yet another proposal to tinker around the edges of the prescription drug pricing problem without confronting it head-on. Health and Human Services (HHS) Secretary Alex Azar has issued a new rule requiring pharmaceutical companies to include drug prices in television ads. According to the Associated Press, the ten[…]

Trustees of the Medicare program report

The Trustees of the Medicare program report that the federal senior health care program’s finances look about the same as they did in 2018. Medicare’s Part A trust fund will become depleted in 2026, at which time the system still could pay 89% of benefits. But, again, this is only if Congress takes no action[…]

Trump Re-Ignites Attacks on Affordable Care Act, Rallies Democrats

President Trump is at it again. Two years after promising Americans “something terrific” to replace Obamacare – and failing – the administration has renewed calls for its repeal. On Monday, the Department of Justice announced its full support of a federal judge’s decision that would eradicate the entire Affordable Care Act. (The decision is not[…]

Prescription Drug Reform Something Both Political Parties Believe Is Needed

As the national discussion over how to control prescription drugs prices heats up, NCPSSM President & CEO Max Richtman sits down with CBS4’s Jim DeFede in Miami to discuss the challenges facing seniors and some possible price control solutions. These include allowing Medicare to negotiate drug prices directly with pharmaceutical manufacturers, allowing drug reimportation from[…]

Trump 2020 Budget Shortchanges Seniors

They say that a White House budget is merely a messaging document – especially in an era of divided government. In that case, the Trump administration has sent a grim message to America’s seniors in its 2020 spending proposal. It goes something like this: older Americans living on fixed incomes – especially the elderly poor[…]

Trump Administration Turns Its Back on Older Americans in 2020 Budget

Proposed Spending Plan Would Slash Social Safety Net Programs “President Trump’s 2020 budget proposal shortchanges seniors by slashing $845 billion from Medicare, cutting $25 billion from Social Security Disability Insurance, and gutting Medicaid by 1.5 trillion. And, to push the heads of seniors further under water, the White House budget also proposes to eliminate federal[…]

Understanding Medigap Policies

About 25 percent of seniors in traditional Medicare are also enrolled in private supplemental coverage known as Medigap to help insulate themselves from high out-of-pocket costs. Absent Medigap coverage, beneficiaries must pay the full deductibles and coinsurance for Part A (hospital) and Part B (physician and outpatient) services. In addition, unlike most employer-sponsored health insurance,[…]