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AARP: Social Security Trustees Report Foreshadows Need to Address Long-Term Solvency
 
Washington, D.C., May 12, 2009 – The Social Security Board of Trustees today released its annual report to Congress on the financial status of Social Security. While Social Security benefits are projected to be adequately funded for the next three decades, the Social Security trust fund will be exhausted by 2037, four years earlier than expected due to the faltering economy.

The economic collapse has demonstrated the importance of Social Security’s guaranteed benefit as the foundation of retirement income. With Social Security serving as the principal source of family income for over half of older Americans, the issue of solvency has again emerged with a renewed level of priority.

“Today, more than 51 million people receive a Social Security benefit, providing a vital source of income for those in retirement and supplemental income for those unable to work because of a disability,” said AARP Executive Vice President Nancy LeaMond “Social Security insurance protects all age groups; and the good news for current beneficiaries, and those nearing retirement, is that your benefits will remain secure and intact for the foreseeable future. Unfortunately, the Trustees Report also illustrates that Social Security has a long-term solvency challenge that must be addressed, and the sooner we face this challenge, the easier the options for long term reform.

“As discussions develop as to how best to strengthen and improve the system, AARP will help lead the dialogue, with the goal of preserving the promise of Social Security for current and future generations. Social Security is the most secure pillar of retirement income, and AARP will continue to work so that it remains that way.”
Added: May 13, 2009
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A recent survey by Evercare and the National Alliance for Caregiving found that nearly 50 percent of family caregivers have exhausted their savings and 63 percent have dipped into their retirement funds to care for a loved one.  To find out more read today’s blog.
Added: May 13, 2009
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Did you know that 20.2% of Massachusetts residents in Medicare are readmitted to the hospital within 30 days of their first visit? Read today’s blog to find out more.
Added: May 13, 2009
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Health Reform Must Lower Costs, Improve Care for People in Medicare
 
 
WASHINGTON, DC, May 12, 2009—As the Administration prepares to announce another drop in the lifespan of the Medicare trust fund, AARP’s Health Action Now campaign is insisting that comprehensive health reform include specific measures to cut wasteful spending and lower costs for individuals—all while improving the quality of care. The organization is focusing on reducing waste in Medicare, particularly by reducing costly hospital readmissions and cutting billions of dollars in fraud.

“For most Americans, the biggest roadblock to health care is cost,” said AARP Executive Vice President Nancy LeaMond. “By rooting out the waste, fraud and abuse in Medicare, we can improve the health of people in the program, improve access to quality care and save billions of dollars.”

Putting an End to Preventable Hospital Readmissions

AARP is telling lawmakers that any health reform package must include a Medicare follow-up care benefit, which would help people safely return to their homes or another setting after a hospital stay, coordinate their health care needs and prevent unnecessary hospital readmissions. Such a benefit can help save some of the over $17 billion Medicare spends on largely preventable hospital readmissions and significantly reduce the 20 percent of people in Medicare who are readmitted to the hospital within 30 days of their first visit.

“Too many Americans are landing back in the hospital because they are sent home without the information and direction they need,” added LeaMond. “We can keep people healthier by making sure they get the right care the first time around.”

AARP is proposing a benefit designed to support people as they move from the hospital to their homes, skilled nursing facilities or rehabilitation centers. Its goals would include delivering the services they need to stay out of the hospital, managing their medications and supporting their family caregivers. Targeting the most at-risk individuals, a team of health professionals would assess patients and their caregivers before leaving the hospital. The team would work with patients and caregivers to develop a plan for appropriate follow-up during and after the transition.

Saving Billions by Stopping Medicare Fraud

AARP is also working with leaders in Congress to fight Medicare fraud throughout the program by stepping up enforcement and prosecution. Rooting out fraud will save billions of dollars for people in Medicare, holding down their premiums and out-of-pocket costs.

LeaMond added: “Regardless of where lawmakers stand on the political spectrum, nearly all agree that paying for health care fraud is unacceptable. Medicare needs to be a leader in cracking down on fraud so everyone in the program can save on their health care bills.”

Eliminating wasteful spending by providing a follow-up care benefit is one of many ways we can lower health care costs and improve patient care, especially for individuals with chronic illnesses. A recent report by AARP’s Public Policy Institute, “Chronic Care: A Call to Action for Health Reform,” details the state of chronic care and offers recommendations for improving care for the chronically ill, including transitional care after a hospital stay. The report can be found at http://www.aarp.org/research/health/carequality/beyond_50_hcr.html.

For details on AARP’s health reform priorities, visit http://www.aarp.org/governmentwatch
Added: May 12, 2009
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Do You Take Enbrel, Epogen, Hercerptin or another Biologic Drug? If the answer is yes, then you know how expensive these drugs are.  AARP is looking for people who use Biologic drugs to share their stories with us this week. Find out more in today’s blog.
Added: May 11, 2009
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Beginning May 10th at 9pm, HBO hopes to change the way Americans view Alzheimer’s disease. The Alzheimer’s Project, a four-part documentary will attempt to reach a broader audience so as to make known the profound effects of the disease. Read today’s blog to find out more.
Added: May 8, 2009
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Mother’s Day is right around the corner and it’s time to show her thanks for all she has done. Check out today’s blog for ideas.

 

Added: May 7, 2009
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- Strongly Opposes Bills to Eliminate Rx Coverage from Minimum Standard for Health Care
- Supports Bills to Strengthen Law Governing Drug Company Conduct
 
BOSTON , MA, May 6, 2009 – Today, AARP Massachusetts State Director Deborah Banda testified before the Joint Committee on Health Care Financing, on behalf of the association’s 880,000 Bay State members.  Banda voiced strong opposition to SB 526, SB 591 and HB 1106, each of which proposes the elimination of prescription drug coverage from the minimum standard for health care in the commonwealth.  She urged the committee to maintain prescription drug benefits as part of the minimum creditable coverage standards.
 
Banda said, “Today, prescription drugs can prolong life, improve the quality of life, and replace more expensive medical treatments.  We believe these proposals to eliminate prescription drug coverage as part of the minimum creditable coverage standards are short-sighted.  These changes are an ill conceived, regressive approach to stated social policy goals of the Massachusetts health care reform law.” 
 
She also elaborated on why the issue is important to AARP members.  “Older persons have the highest rate of prescription drug use,” Banda said.  “Our research shows that paying for prescription drugs is not just an issue for people with low-incomes, but also for those with moderate incomes.  Further, we know that people with lower incomes often take less than the prescribed amount of medication because they cannot afford it; the practice of taking less medication than prescribed may ultimately result in higher health care costs when residents require urgent care and more costly hospitalizations.”
 
AARP’s Banda also offered testimony in support of SB 547, An Act Making Technical Corrections to Health Care Practitioner and Pharmaceutical and Medical Device Manufacturer Conduct.  She said, in part, “Last session, AARP supported the broad health care cost containment bill sponsored by Senate President Murray.  We worked to get legislation passed into law and regulations established that address drug and medical device makers’ conduct.  The law and the regulations are not perfect.  But, we believe they are a step in the right direction and will contribute to reducing the high cost of prescription drugs.   The bill before you would strengthen the existing law and regulations, and allow for more transparency, by the disclosure of all fees, payments, subsidies or items of economic benefit and value.”
 
For AARP’s complete testimony in opposition of eliminating prescription drug coverage from the minimum standard for health care in the commonwealth, click here .
 
For AARP’s complete testimony in support of the technical corrections bill for pharmaceutical and medical device manufacturer conduct, click here .
 
Added: May 7, 2009
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On May 6, 2009, AARP Massachusetts State Director Deborah Banda testified before the Joint Committee on Health Care Financing to support Senate Bill No. 547 – An Act Making Technical Corrections to Health Care Practitioner and Pharmaceutical and Medical Device Manufacturer Conduct – during a hearing at the State House in Boston. Her written comments follow:
 
 
BOSTON, MA, May 6, 2009 – Good afternoon Chairman Moore, Chairwoman Stanley and members of the committee. My name is Debbie Banda and I am the director of the AARP Massachusetts state office. AARP is a nonprofit, non-partisan membership organization for people 50 and over. We have 40 million members nationwide – about 880,000 here in the Commonwealth. Thank you for the opportunity to offer support on Senate Bill No. 547 – the technical corrections bill for the pharmaceutical and medical device manufacturer conduct. 
 
Last session, AARP supported the broad health care cost containment bill sponsored by Senate President Murray. We worked to get legislation passed into law and regulations established that address drug and medical device makers’ conduct. The law and regulations are not perfect. But, we believe they are a step in the right direction to addressing actions that may lead to more costly prescription drugs. The bill before you would strengthen the existing law and regulations, and allow for more transparency, by the disclosure of all fees, payments, subsidies or items of economic benefit and value.
 
We know that the prices of the most widely used brand-name drugs rose nearly 50% between 2000 and 2006, more than twice the rate of inflation, and that older persons have the highest rate of prescription drug use. Our research shows that paying for prescription drugs is not just an issue for people with low-incomes, but also for those with moderate incomes. Further, we know that people with lower incomes often take less than the prescribed amount of medication because they cannot afford it; taking less medication than prescribed may ultimately result in higher health care costs when residents require urgent care and more costly hospitalizations.
 
We urge you favorably pass Senate Bill No. 547 and tighten the existing law.
Added: May 6, 2009
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AARP Opposes Eliminating Rx Coverage from Minimum Standard for Health Care in Bay State
 
On May 6, 2009, AARP Massachusetts State Director Deborah Banda testified before the Joint Committee on Health Care Financing to strongly oppose Senate Bill No. 526 and 591 and House Bill No. 1106, which would eliminate prescription drug coverage from the minimum standard for health care in the commonwealth. Her written comments follow:
 
BOSTON, MA, May 6, 2009 – Good afternoon Chairman Moore, Chairwoman Stanley and members of the committee. My name is Debbie Banda and I am the director of the AARP Massachusetts state office. AARP is a nonprofit, non-partisan membership organization for people 50 and over. We have 40 million members nationwide – about 880,000 here in the Commonwealth. I am pleased to be part of this panel today, representing the ACT!! Coalition.    I am joined today by Dr. Becky Briesacher from UMASS; Nancy Doucette, a cancer survivor; and Daisy Delarosa from the Boston Public Health Council.
 
Thank you for the opportunity to offer comments on several bills before you that address prescription drug coverage - Senate Bill No. 526 and 591 and House Bill No. 1106. All seek to reverse the progress we have made in our health care reform efforts by eliminating prescription drug coverage from the minimum standard for health care in the Commonwealth. We strongly oppose these bills. AARP urges you to maintain prescription drug benefits as part of the minimum creditable coverage standards. 
 
Why does AARP care about this? Because older persons have the highest rate of prescription drug use. Our research shows that paying for prescription drugs is not just an issue for people with low-incomes, but also for those with moderate incomes. Further, we know that people with lower incomes often take less than the prescribed amount of medication because they cannot afford it; the practice of taking less medication than prescribed may ultimately result in higher health care costs when residents require urgent care and more costly hospitalizations.
 
Today, prescription drugs can prolong life, improve the quality of life, and replace more expensive medical treatments. Yet, without adequate insurance, prescription drugs are out of the reach of many. We believe these proposals to eliminate prescription drug coverage as part of the minimum creditable coverage standards are short-sighted. These changes are an ill conceived, regressive approach to stated social policy goals of the Massachusetts health care reform law.
 
We urge you to maintain prescription drug benefits as part of the minimum creditable coverage standards.  
Added: May 6, 2009
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