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Doctors have a sworn obligation to put the best interests of their patients’ above all other interests, including their own. Lawyers have a professional responsibility to protect the best interests of their clients above any other interests, including their own. But, remarkably, financial advisers are allowed to recommend products to unsuspecting customers that are a great deal for the adviser, but not for the person seeking advice. While most advisors put their clients’ interests first, some do not, and there has been no law to stop them. That has cost Americans an estimated $17 billion annually, and, to most people, makes no sense at all.
via Huffington Post.
Further Reading:
Congress needs to BOOST Social Security for all working Americans.
Donald Trump talked a big game on the campaign trail about standing up to big corporations and putting the interests of hardworking Americans first.
But as president, Trump has repeatedly broken his promises – and now, he’s dealing a blow to Americans saving for retirement.
In February, he set in motion a process to kill a common-sense rule that would keep financial advisers from siphoning off money from the clients who trust them. Right now, predatory financial advice cheats investors out of about $17 billion every single year. Under the new rule, that money would stay with the customers.
via Huffington Post.
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Senators Bernie Sanders (I-Vermont), Cory Booker (D-NJ) and Bob Casey (D-PA) introduced legislation Tuesday to lower the skyrocketing cost of prescription drugs by allowing Americans to import safe, low-cost medicine from Canada. Representatives Elijah E Cummings (D-MD) and Lloyd Doggett (D-Texas) introduced a companion bill in the House. Both measures would authorize the secretary of Health and Human Services in two years to allow importation from other advanced countries.
via Vermont Biz.
Related Reading:
Seniors Counting On Saving $$ In Prescription Costs Through New Drug Importation Legislation.
Investment in home and community-based care is popular and must be included in #infrastructure. Now it’s up to Congress to get it done. https://www.nytimes.com/2021/06/04/opinion/elder-care-congress.html #HCBS @nytimes
President Biden’s 2022 spending plan is a welcome change for #seniors after four years of proposed budget cuts from Trump. https://www.ncpssm.org/entitledtoknow/biden-budget-bolsters-older-americans/
Chiquita Brooks-LaSure becomes the first black woman to lead the agency that oversees #Medicare and #Medicaid. She is a major improvement over President Trump’s CMS administrator, who undermined Medicaid and the Affordable Care Act. https://www.nytimes.com/2021/05/25/us/politics/chiquita-brooks-lasure-medicare-medicaid.html @CMSGov
Raising taxes on the wealthy will only help to rebuild America’s #infrastructure, keep seniors financially stable, while giving them access to greater care.
Seniors rely on the mail for everything from bill paying to collecting #SocialSecurity benefits. We must #SaveTheUSPS! https://www.cbsnews.com/news/postal-service-louis-dejoy-delivery-10-year-plan/
A new analysis by the National Institute on Retirement Security shows that #WomensRetirement income lags behind men’s. Our #EleanorsHope initiative is dedicated to helping close the gap between women & men when it comes to retirement savings and benefits. https://www.ncpssm.org/eleanors-hope/
Senator Sherrod Brown has always been a champion for America’s #seniors — and the earned benefits they receive through #SocialSecurity and Medicare.