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My Journals (137)

Oct. 27, 2009


CONTACTS:
AARP National: 202-434-2560 or
media@aarp.org
AARP Oregon: Sara Wurfel, 503-513-7367 or swurfel@aarp.org
LEWIS PR for LifeTuner: Monica Appelbe, 415-992-4400 or
lifetuner@lewispr.com
 
AARP sponsors new online personal finance community, LifeTuner, to engage young adults in financial conversations
 
AARP’s LifeTuner initiative released a survey today that demonstrates how financial concerns are pervasive in every aspect of young adults’ lives and suggests that a general reluctance to discuss money with friends and family could have a negative impact on their financial futures. The report, entitled “Personal Finances: The Final Frontier of Social Media,” is based on a national survey of 1002 young adults (aged 18-34). Specifically, the report revealed:
·         57% of young Americans consider their financial situation to be the biggest concern in their lives.
·         66% rate their own financial situation as fair to poor, and almost half (43%) expressed concerns about their ability to make sound financial decisions.
·         Nearly eight out of ten young people (78%) have debt of some kind. Credit card debt (36%) – considered “bad debt” by most financial experts – is by far the most prevalent form.
·         68% of respondents admit that finances have caused stress in a relationship or friendship.
·         While in many cases social media sites (e.g. Facebook) have lowered or eradicated the social boundaries around certain topics, finances remain a taboo subject. In fact, people are more likely to discuss relationship status (61%), politics (43%), their health (23%), and their weight (20%) than their financial situation.
·         Among those young adults who have sought advice online, 85% report being more confident about their ability to manage their finances.
 
 
 
These findings demonstrate the need for LifeTuner.org, a new online community. This venue offers unbiased, balanced resources, information and financial advice to young adults. By providing free expert advice alongside an interactive community of their peers, LifeTuner makes personal finance accessible and inclusive. LifeTuner provides a series of tools and calculators designed to help balance budgets, itemize spending and pay down debt. The site also includes “8 habits” for long-term financial health; simple, easy-to-follow rules that show how anyone can start building their financial future.
 
The creation of LifeTuner will also benefit existing AARP members in a multitude of ways. For example, the research also found that a majority (60%) of respondents view their parents as their primary source of financial advice.
 
Additionally, a prior survey of AARP members found that 69% were still providing some level of financial support to their adult children. Additionally, LifeTuner provides AARP members a way to give back by sharing their life lessons and experiences through LifeTuner’s “Been There” forum, which encourages an intergenerational dialogue around finances, career and other money-related life concerns.
 
“The findings of this report perfectly illustrate the reasons why LifeTuner was created,” said Diane Ty, AARP Senior Vice President. “We worked closely with over 400 young adults who helped us shape the vision and content of LifeTuner. Our aim is to demonstrate to young adults that many of the financial decisions made in their 20s and 30s, particularly those around saving for the future and avoiding harmful debt, can affect the rest of their lives.”
 
LifeTuner is working with The American Institute of Certified Public Accountants (AICPA) and the Certified Financial Planner Board of Standards (CFP Board), which are encouraging their members to join the LifeTuner community as volunteer experts.
 
“The AARP and the AICPA Feed the Pig campaign share an important goal: to remind tomorrow’s younger Americans that long-term financial security begins today, when they are busy establishing their place in the world,” said Jordan Amin, CPA and chair of the AICPA’s National CPA Financial Literacy Committee. “LifeTuner is a welcome addition to all of us working to increase all Americans’ financial literacy.”
 
“With the country still feeling the effects of the economic downturn, now is the time for everyone – regardless of financial status or acumen – to re-evaluate their approach to money management,” said Eleanor Blayney, CFP®, Consumer Advocate at CFP Board. “Young adults are a key factor of this equation and our membership is extremely excited about joining and supporting LifeTuner’s effort.”

LifeTuner, which is currently in open beta, is freely accessible to the public at
www.LifeTuner.org.  Key findings and a full copy of the report are available here.
 
Survey Methodology
The survey was conducted by Greenberg Quinlan Rosner from August 29–September 10, 2009, using a multi-modal design that included cell phone, random-digit-dial landline, and online samples.
 
Added: October 28, 2009
Views: 61 | Comments: 0 | Bookmarks: 0

Oct. 21, 2009

 
CONTACT:
Sara Wurfel, 503-513-7367 or swurfel@aarp.org
 
AARP Oregon KEY VOTE NEWS ALERT**
 
AARP disappointed by Senate’s vote to block protection of access to Medicare doctors
S. 1776 would have preserved access by replacing flawed payment system
 
SUMMARY: Today the U.S. Senate blocked critical legislation to protect access to doctors for the 44 million Americans who rely on Medicare. The Medicare Physician Fairness Act (S. 1776) would have replaced today’s broken doctor payment system, which calls for a 21.5 percent cut in physician pay in January. The bill failed to pass a key procedural vote in the Senate today.
 
Oregon
VOTED YES TO MOVE DOCTOR ACCESS BILL TO DEBATE AND VOTE
VOTED TO BLOCK DEBATE ON DOCTOR ACCESS BILL
Merkley, Jeff
X
 
Wyden, Ron
 
X
**AARP is recording House and Senate roll call votes on key issues throughout the 111th Congress, and informing its 40 million members of the results. How a legislator votes on issues is only one factor in evaluating his or her legislative performance, which should also include such things as constituency services and committee work .
 
“While we are disappointed by today’s outcome, we applaud Sen. Jeff Merkley for voting to preserve access to doctors in Medicare and bring this bill to the floor for an up-or-down vote,” said Ray Miao, AARP Oregon State Volunteer President. “This critical legislation would have helped the millions of older Americans in Medicare have access to the doctor of their choice by replacing the flawed doctor payment system. We look forward to continuing to work with Sen. Merkley and his colleagues to pass health care reform that protects Medicare and ensures older Americans can afford quality health care.”
 
Miaoadded: “We are deeply disappointed that Sen. Ron Wyden voted to block this important Medicare bill from open debate and an up-or-down vote on the Senate floor. This bill would permanently replace the broken Medicare physician payment system so people in the program could continue to see their doctor.”
 
AARP strongly supports the Medicare Physician Fairness Act, introduced by Sen. Debbie Stabenow (D-MI). This legislation permanently repeals Medicare’s flawed Sustainable Growth Rate (SGR) physician payment formula, which has required repeated Congressional action to prevent unwarranted cuts that could harm access to doctors for people in Medicare. Repealing the SGR will stop an unprecedented 21.5 percent pay cut that otherwise will occur in January 2010, and additional cuts in future years.

AARP notified the 111th Congress that it was tracking roll call votes on key legislation important to its 40 million members and reporting the outcomes of these votes back to its members. “We believe people make the right choices when they understand the issues and position taken by their elected officials. AARP intends to ensure that its members get that information,” Miao concluded.

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Added: October 22, 2009
Views: 41 | Comments: 0 | Bookmarks: 0

Oct. 16, 2009

 

CONTACTS:

AARP National:David Allen or Jordan McNerney, 202-434-2560

AARP Oregon : Sara Wurfel , 503-513-7367

AMA: Brenda Craine, 202-789-7447

 

 

AARP and the American Medical Association (AMA) have sent a letter to the Senate, urging Senators to pass S. 1776, the Medicare Physician Fairness Act, which lays the foundation for a new payment system to help ensure seniors' access to and choice of physicians. If left unchecked, physicians face an unprecedented 21.5 percent cut in Medicare payment rates in 2010, with additional cuts in future years. These cuts will hurt older Americans who rely on Medicare and baby boomers who soon will. 

 

Uncertainty about whether Congress will prevent the cuts has contributed to the decision of some physicians to stop taking Medicare patients, making finding a doctor increasingly difficult for millions of seniors in Medicare.

 

The letter points to joint polling conducted by the AMA and AARP, which found that “two-thirds of people over 50 years old are either very or somewhat concerned that the current health care system limits their ability to see the doctor of their choice.”  It continues, saying “The continuing threat of steep Medicare payment cuts jeopardizes seniors’ access to care and physicians’ confidence in the government’s commitment to funding a strong and reliable Medicare program.”  With the first wave of baby boomers reaching Medicare age in just two years, the time to act is now.

 

The letter also notes that Congress has passed legislation to override the flawed formula seven times in the last seven years, saying that “the past practice of ‘temporary band-aids’ … has only served to increase both the size of future cuts and the cost of subsequent interventions.”  The Medicare Physician Fairness Act would permanently replace the current flawed formula with a payment system that ensures doctors are paid fairly so they’ll not only continue to treat existing Medicare patients, but also accept new patients.

 

In closing, the letter urges the Senate, on behalf of older Americans and the physicians who care for them, to pass this important legislation.

 

Added: October 19, 2009
Views: 60 | Comments: 0 | Bookmarks: 0

Oct. 15, 2009

 
AARP Oregon today joined the State Treasurer, legislative leaders and consumer advocates to call for transparency and consumer protections to restore confidence in financial system
 
Salem volunteer Al Youse (podium) joined State Treasurer Ben Westlund, state legislative leaders and a variety of consumer advocates to show support for creation of the federal Consumer Financial Protection Agency.
 
 
Have you ever been hit with a $3 fee do access your own money at a bank automated teller? Have you bought a house, only to find out belatedly that hundreds of dollars of fees were hidden in your mortgage?  Or has your state’s public pension system been walloped by losses, as a direct result of inadequate regulations of the financial industry?
 
Oregon Treasurer Ben Westlund, legislative leaders and consumer activists and, citing those examples, voiced the strong need in Oregon for new financial market and consumer protection reforms in Washington D.C.
 
“We have been sailing in some choppy economic waters, and much of the turbulence of the past year has been caused by a lack of proper oversight of financial products on Wall Street,” Treasurer Westlund said during a press conference in his Capitol office. “We don’t want this to ever happen again, and we need help from Congress.”
 
“It is in the vested and deep financial interest of Oregon families and workers to reform our financial markets to make them transparent and accountable.”
 
Oregon’s future is directly tied to the transparency and the health of financial markets, Westlund said. The Treasurer’s office manages the investment of the more than $65 billion in state trust funds, including the $47.6 billion Oregon Public Employees Retirement Fund. The state’s investment officers consistently outperform the market, and did so in the recent meltdown.
 
The new federal proposal, supported by the Obama administration, would streamline consumer-focused oversight of financial institutions into a new Consumer Financial Protection Agency (CFPA) that will seek to end abusive financial practices. The CFPA will crack down on predatory mortgage lending practices, credit card abuses and other faults in the financial system that have helped lead to the financial crisis.
 
Westlund lauded Oregon efforts to rein in payday lenders and other abusive practices, but noted that Oregon’s reach only goes as far as the state line and doesn’t touch nationally chartered banks and credit card companies, or New York-based investment houses.
 
He was joined in the Thursday press conference by the chairs of the Oregon Senate and House consumer protection committees, Sen. Suzanne Bonamici, D-Beaverton, and Rep. Paul Holvey, D-Eugene.
 
“We have made great strides in Oregon toward helping consumers but there is only so much we can do here, and this federal effort is welcome and needed,” said Bonamici, a former consumer protection attorney who once worked in Washington D.C.
 
“This past session we increased protections from abusive lending practices and put tighter controls on risky loan products. I look forward to working with Sen. Merkley and the rest of our federal delegation to ensure the quality of the financial products that underpin the stability of our entire financial system,” Holvey said.
 
Other supporters represented Thursday included AARP Oregon, Oregon AFL-CIO, SEIU, Our Oregon, Innovative Housing, Inc., and the Oregon State Public Interest Research Group (OSPIRG).
 
Alan Youse, a volunteer for AARP who lives in West Salem, said Americans cannot afford a repeat of the recent financial collapse. “We know far too well that workers and older Americans had their retirement savings decimated by this crisis,” he said. “The lax regulatory protections that led to this crisis are still too prevalent. American consumers need a new approach - we need a strong Consumer Financial Protection Agency."
 
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Added: October 15, 2009
Views: 24 | Comments: 0 | Bookmarks: 1

 

Oct. 15, 2009


CONTACTS:
AARP National: 202-434-2560 or
media@aarp.org

AARP Oregon: 503-513-7367 or swurfel@aarp.org

AARP urges swift Congressional action to provide $250 in relief for older Americans in 2010
Millions on Social Security to receive no increase for first time since 1975

AARP Chief Operating Officer Tom Nelson offered the following statement in reaction to the Social Security Administration’s announcement this morning that 41 million older Americans will not receive a Social Security cost of living adjustment (COLA) in 2010. Since automatic Social Security adjustments went into effect in 1975, there has never been a year without a COLA.

“For over three decades, millions of Americans have counted on annual increases to help make ends meet. In this economy, having this protection is even more critical for the financial security of all older Americans.

“AARP applauds the President for urging Congress to extend for 2010 the $250 economic relief provided to older Americans this year. We also commend members of Congress, both Democrats and Republicans, who have sponsored legislation to provide similar relief. The 65+ population is facing extreme financial hardship; older Americans are paying more out of pocket for medical care, have experienced a real decline in their retirement accounts and in housing values, face longer periods of unemployment for those who need to work, and low returns on interest bearing accounts. Without relief, millions of older Americans will be unable to afford skyrocketing health care and prescription drug costs, as well as other basic necessities.

“Today’s news of no COLA gives Congress another reason to act quickly and pass legislation to provide needed assistance for older Americans whose benefits will be frozen next year. AARP will continue to work with members of Congress from both sides of the aisle to provide $250 in economic relief to millions of seniors who count on Social Security to pay their bills.”

For more information, please visit
www.aarp.org .

Added: October 15, 2009
Views: 56 | Comments: 0 | Bookmarks: 0

Oct. 14, 2009

 

Attorney General John Kroger is warning Oregonians about con-artists, posing as U.S. Census workers. Conducted every ten years, the U.S. Census is an important process that helps to both define legislative districts, and determine how to allocate $300 billion to local, state and tribal governments each year.

 

 

For every person living at an address the U.S., the U.S. Census will ask for a name, age, gender, race, ethnic origin, birth date, marital status, employment status, and other similar information. Con-artists posing as Census employees ask for donations, personal financial information, and/or Social Security numbers. Here are some tips to tell the difference between a U.S. Census worker and con-artists:

  1. U.S. Census Bureau will not contact you by E-mail.
  2. U.S. Census workers will not ask you about past debt, solicit money, or in any way harass you about finances.
  3. U.S. Census workers will not ask for you Social Security Number, banking information, or credit card number.
  4. U.S. Census workers will have identification; a copy of the notification letter you received, or should have received, in the mail describing the survey; and, depending on the area, a laptop and laptop case bearing the insignia of the U.S. Census Bureau.

If you are unsure whether or not you are the target of a Census-related scam, please call the Oregon Department of Justice Consumer Hotline at 1-877-877-9392. 

 

Or read this AARP Bulletin article for more information on how to tell the difference between a census faker or an official taker.

Added: October 15, 2009
Views: 31 | Comments: 0 | Bookmarks: 0

Oct. 14, 2009

 

CONTACTS:

AARP: 202-434-2560

Coupons.Com: Patrick Crisp, 650-605-4695
 
 
AARP member can access new grocery coupon center
Powered by coupons.com through December 31st, charity donation for every coupon redeemed helps AARP members and others save money and do good
 
 
AARP and Coupons.com today announced a new relationship to help consumers save money and, at the same time, give back to those in need. The AARP Grocery Coupon Center powered by Coupons.com ( www.GroceryCouponCenter.com ) allows people of all ages to access coupons that will help them save on everyday items from dozens of leading brands.
 
Beginning today and continuing through the holiday season, for each coupon printed from the Grocery Coupon Center and redeemed by December 31, 2009, Coupons.com will donate five cents to the customer’s choice of one of a selected number of AARP Foundation charitable initiatives. The AARP Foundation, AARP’s affiliated charity, helps provide security, protection and empowerment for older persons in need.
 
“Given this difficult economy, many people are looking for ways to save money every day,” said Howard Byck, senior vice president of lifestyle products and services for AARP Services, Inc, the wholly-owned subsidiary of AARP. “The AARP Grocery Coupon Center powered by Coupons.com will help people avoid the time-consuming process of traditional ‘coupon-clipping’ by giving them convenient online access to a collection of coupons they can print at home and then use at their local grocery stores. At the same time, they can give back to those in need.”
 
Coupon use in general has increased since the economic downturn began, however the growth in popularity of coupons has been particularly significant among AARP members. In fact, a 2008 Scarborough Research report found that more than 79 percent of AARP members reported using coupons for groceries at least once in the previous 12 months. The Grocery Coupon Center will make available as many as 100 or more valuable coupons at any given time, with an average savings of more than one dollar per coupon.
 
“Digital coupon use is growing dramatically, as more and more consumers are looking to save money,” said Steven Boal, CEO of Coupons.com Incorporated. “We are providing 24/7 access to the coupons that shoppers want and simultaneously allowing them to direct contributions to worthy causes supported by the AARP Foundation. The more consumers save, the more we give.”
 
Users of the Grocery Coupon Center can choose to direct donations to one of nine AARP Foundation initiatives designed to:
  
  • Assist individuals struggling with the high cost of prescription drugs and basic necessities;
  • Provide job training and assistance to older Americans who need to work to make ends meet;
  • Help lower-income taxpayers qualify for the right deductions and credits;
  • Protect older Americans from consumer fraud and identity theft;
  • Protect against age discrimination;
  • Help seniors manage their finances so they can remain in their homes and retain their independence;
  • Support grandparents raising grandchildren;
  • Provide education and training to older women reentering the workforce to support their families; or
  • Help improve the lives of all seniors.
 
At least through Dec. 31, the AARP Grocery Coupon Center powered by Coupons.com is available to everyone.
 
Added: October 14, 2009
Views: 41 | Comments: 0 | Bookmarks: 0

Oct. 13, 2009

 
CONTACTS:
AARP National: David Allen or Jordan McNerney, 202-434-2560
AARP Oregon: Sara Wurfel, 503-513-7367 or swurfel@aarp.org
 
AARP statement on Senate Finance Committee passage of Affordable Health Choices Act 
Legislation passed today is yet another milestone in the long journey to health care reform
 
AARP Executive Vice President Nancy LeaMond released this statement following the Senate Finance Committee’s passage of the Affordable Health Choices Act:
 
“We applaud the Senate Finance Committee for taking another important step toward fixing what’s wrong with our health care system.  Under the leadership of Chairman Baucus, the legislation reported today moves us even closer to providing much-needed relief to millions of older Americans who still face challenges accessing affordable, quality health care services. 
 
“The Senate Finance Committee bill makes important improvements to the Medicare program by increasing preventive benefits, making sure Medicare’s doctors do not face a pay cut this year, and most notably for AARP members—by reducing drug costs for seniors who fall into the dreaded Medicare doughnut hole, a costly gap in prescription drug coverage.   Too often, those who fall into this coverage gap stop taking their prescription drugs because they simply can’t afford to.  While we applaud this assistance with drug costs in the doughnut hole, we urge the Senate to go further to meet the President’s pledge to completely close the doughnut hole.  With the skyrocketing costs of prescription drugs, we believe this bill should be improved so that it can help millions of older Americans afford their needed medications and avoid more intensive and costly care later in life.
 
“The bill also makes some improvements on age-rating, a discriminatory practice that allows insurers to charge exorbitant, age-based premiums to older Americans.  Unfortunately, the bill will still allow insurance companies to charge older Americans premiums that are four times more than premiums for younger Americans, making it difficult for older Americans to afford health coverage.   We hope the final Senate bill will be improved in this area. 
 
“Finally, we strongly support provisions in the Senate Finance bill to expand home and community-based services (HCBS).  The vast majority of Americans age 50 and over want to live in their homes and communities as long as they can.  HCBS provisions are not only cost-effective, but can also help slow the growth in health care spending and keep millions of Americans out of nursing homes and in their own homes.
 
“The legislation passed today is yet another milestone in the long journey to health care reform.  We look forward to continuing our work with Chairman Baucus and his colleagues on both sides of the aisle to further strengthen the bill, and we will continue to fight for reform that protects benefits for people in Medicare, improves health care affordability, and improves the health of every American.”
Added: October 13, 2009
Views: 55 | Comments: 0 | Bookmarks: 0

Oct. 7, 2009

Contact
AARP National: 202-434-2560 or
media@aarp.org

AARP Oregon: Sara Wurfel, 503-513-7367 or swurfel@aarp.org


AARP Executive Vice President John Rother issued this statement following the release of today’s
Urban Institute report on health insurance age-rating:

“Age-rating is just a wonky way to describe how insurance companies use age as an excuse to charge older Americans excessive premiums. Today’s report by the Urban Institute shows that denying older Americans affordable coverage is not only unfair, it could also increase the cost of health reform if it is not strictly limited.

“We should be working toward a fair system where all Americans can afford coverage to get and stay healthy. AARP has been fighting for years to abolish age-rating entirely. This year we have an opportunity to make great progress towards that goal with health care reform that tightly limits age-rating, which today can force older Americans to pay much higher rates just because of their age.

“Today’s report shows that tighter age-rating limits actually reduce the cost of reform by billions of dollars while providing affordable coverage options to millions who would remain uninsured under wider limits.

“AARP will continue our fight to make quality health care affordable to every American, regardless of age.”

For more information about AARP’s fight to limit health insurance age-rating, please visit
www.aarp.org/getthefacts.
Added: October 12, 2009
Views: 36 | Comments: 0 | Bookmarks: 0

Oct. 6, 2009


CONTACTS:
AARP National: 202-434-2560 or
media@aarp.org

AARP Oregon: Sara Wurfel, 503-513-7367 or swurfel@aarp.org

AARP Exec. VP Nancy LeaMond cites Sen. Harkin, Rep. Miller companion bills as “important first step” in remedy to “misguided” court decision

AARP has joined key congressional leaders to endorse Senate and House legislation introduced today to defend the civil rights of older workers in the workplace. The legislation offers a remedy for the Supreme Court’s age discrimination decision last June in the case of Jack Gross v. FBL Financial Services, Inc.

AARP endorsed the “Protecting Older Workers Against Discrimination Act” at a Capitol Hill press conference today with chief sponsor of the legislation Chairman Tom Harkin of the Senate Health, Education, Labor and Pensions (HELP) Committee; lead co-sponsor Chairman Patrick Leahy of the Senate Judiciary Committee; and Chairman George Miller of the House Education and Labor Committee. The bill is in response to the 5-4 Supreme Court ruling in Gross that older workers bringing employment discrimination claims must meet a higher standard to prove their claims of illegal bias than others who have been subject to unfair discrimination at work, such as discrimination based on race or sex. The Age Discrimination in Employment Act (ADEA) bars discrimination against workers 40 years of age or older.

“AARP commends Chairmen Harkin, Leahy and Miller for their critical work to put an end to age discrimination in the workplace,” AARP Executive Vice President Nancy LeaMond said today. “Their bill will protect older workers from being relegated to second class status when they try to vindicate their rights under the ADEA. Unless Congress passes this bill, too many older workers who have been victims of arbitrary age discrimination will be denied their day in court.”

The legislation addresses a June court decision that changed proof standards in place for decades, and has left many victims of age bias without a remedy. For instance, workers with valid claims of bias on grounds of age and race, or age and sex, have had to give up their claims of age bias in order to pursue other claims.

The Gross decision came in the midst of difficult economic conditions for older workers facing special obstacles. The unemployment rate for persons aged 55 and over is now well above what is has been for most of the past six decades. According to the most recent statistics, the average duration of unemployment for older workers was more than 12 weeks longer than it was when the recession started in 2007.

At the same time, the U.S. Equal Employment Opportunity Commission has reported a significant uptick in the number of age discrimination complaints. For the 2008 fiscal year, 29 percent more age discrimination charges were filed than in the previous fiscal year.

An AARP survey announced last year found that 60 percent of those surveyed aged 45 to 74 said that they had personally faced or observed age discrimination in the workplace.

“We urge Congress to quickly approve this bill as an important first step in a concerted effort to restore protections under our age discrimination laws, and to correct a misguided court decision that has jeopardized the rights of all older workers to be judged fairly on their abilities, not their age,” LeaMond said.

For more information, please visit
www.aarp.org.
Added: October 12, 2009
Views: 61 | Comments: 0 | Bookmarks: 0