As an indicator of low inflation, based on consumer price index data through April of this year, Johnson estimates that the COLA for 2019 will be about 1.7%percent. That number could change, since there are still five months of consumer price index data to be collected before the Social Security Administration announces the COLA in October..Ending surprise billing has been a priority for TSCL this year so we are very hopeful this bill does, in fact, finally pass..President Trump has said that he wants to deliver on his promise to lower drug costs, but bipartisan legislation is required to cap costs and provide real cost savings for older Americans. If Congress fails to take action, older Americans will bear the increasing burden of higher drug spending through depleted savings, higher taxes, and a lower standard of living..Despite known challenges ahead for seniors, the COLA may be the next victim of the fiscal cliff. Leading deficit reduction plans under discussion would significantly whittle the Social Security benefits that the majority of seniors count on for more than half of their income..With 1.2 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors' groups. Its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of The Retired Enlisted Association..Changes to Medicare and the tax code this year will affect some seniors positively, but many more seniors negatively. Those who fall into the donut hole will receive some much-needed relief from the federal government, while young retirees with high medical bills and those who rely heavily on investment income may be hit with tax increases. The Senior Citizens League will continue to closely monitor the implementation of the Affordable Care Act, and will post updates on our website. To learn more about these and other issues affecting seniors, visit SeniorsLeague.org..One new cosponsor Rep. Michael Michaud signed on to Rep. Peter DeFazio's Consumer Price Index for Elderly Consumers Act this week. The cosponsor total for this bill is now up to 29..The federal government negotiates prescription drug prices for Medicaid enrollees and for veterans, but it is not allowed to negotiate lower prices for Medicare beneficiaries. Do you support this policy?.What are budget cutters looking at? Here are a few key proposals under discussion. After reviewing these, tell us what you think by taking our survey.

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The blueprint also calls for billion in Social Security cuts, and it would fully repeal the Affordable Care Act and replace it with the House-passed American Health Care Act. That change would leave millions of older Americans not yet eligible for Medicare without health insurance coverage due to high costs. It would also impact around 11 million Medicare beneficiaries who are also enrolled in the Medicaid program many of whom are patients in costly nursing home facilities..Between January of 2000 and January of 2020, Social Security COLAs increased benefits by 53 percent, but the cost of goods and services purchased by typical retirees rose by almost twice as much - 99.3 percent. Medicare premiums and out-of-pocket costs, housing, and homeowner's insurance were among the most rapidly - rising costs over the past year..Recently a journalist, familiar with my estimates of cost-of-living adjustments, contacted me for my thoughts on the topic. Did I think we were staring down rising inflation? I told him that I needed to see more data. … Continued

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Although not many studies exist, according to one study of average earners born from 1917 through 1926, the disparity in benefits with other retirees seems to average about 26%..What Caused The Social Security Notch?.TSCL is continuing to meet with lawmakers and deliver your petitions calling for a fair COLA. To send an email to your member of Congress now! … Continued

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