During that period COLAs have averaged just 1.4%. In 2010, 2011, and 2016 there was no COLA payable at all and, in 2017, the COLA was just 0.03 percent. "But COLAs have never remained so low, for such an extended period of time, in the history of Social Security," says Johnson, who has studied the COLA for more than 25 years. Over the 20 - year period covering 1990 to 2009, COLAs routinely averaged 3 percent annually, and were even higher before that period..Social Security Subcommittee Discusses DI Program.Intergenerational programs.The Congressional Budget Office recently released its fall economic and budget update which estimates that due to the COVID-19 pandemic, Medicare outlays will grow 12% over 2020, double the rate what was forecast in April. If that estimate proves to be the case, that suggests the Part B premium increase could be twice as high as the earlier forecast - about .40 per month..During the debate over the debt limit, you undoubtedly heard the President try to scare you into believing Social Security checks would not come. Let me be blunt. The federal government takes in nearly seven times more than it needs every month to pay Social Security checks. The money was there. If checks didn't come, it would have been because the President had chosen not to pay them. You did not read that wrong. If you had not received your Social Security payment, it was because the President has directed the Secretary of the Treasury not to pay it..Roughly one - half of all retiree households report that a portion of their Social Security benefits are subject to taxation, according to recent survey results from The Senior Citizens League. "This is a tax that was estimated to affect just 10 percent of Social Security beneficiaries when it was first enacted in 1983," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League..Uncertain: 17%.This week, following a two-day markup, the House Budget Committee advanced a fiscal 2019 budget resolution that would dramatically impact Social Security, Medicare, and Medicaid if adopted. The "Budget for a Brighter American Future" includes trillion in spending cuts, and it would balance the budget in nine years..The House-Senate Conference Committee met multiple times this week for public negotiations, but little progress seems to have been made. The group of twenty must come to an agreement before the end of the month in order to: continue unemployment payments, block a Medicare doctor payment cut, and extend the Social Security payroll tax cut.

Health Costs Perspective Why Low Growth In Health Costs Still Stings

In most years, seniors receive a small increase in their Social Security checks, intended to help them keep up with rising costs. But since 2000, the Social Security Cost-of-Living Adjustment has increased benefits just 38 percent while typical senior expenses have jumped 81 percent, more than twice as fast. Inflation has been at historic lows in recent years and seniors received a 1.7 percent COLA this year..Second, the federal government cannot afford the tax cut, which costs more than 5 billion annually. It is no secret that our nation is deep in debt, and the two-year, two percent tax holiday has not spurred the economy as many hoped it would. TSCL fears that, because of its economic constraints, the federal government's general revenues may not be a reliable source of funding for Social Security. The program is currently facing a billion cash-flow deficit, and an extension of the tax holiday could exacerbate its funding shortfall..New study says drug prices really have been increasing … Continued

Minnesota Reports Four New Measles Cases As Hospitals Issue Precautions

When asked how they responded to rising prices for meat, poultry, seafood, and dairy products, survey participants report reducing the amount that they consume of these foods and having to spend a larger portion of their budget on these items. "Most troubling of all, about 25 percent of survey participants reported they've gone without," Johnson says..Petition to Congress in Support of a Social Security Guarantee.TSCL is pleased that after more than a decade, lawmakers have finally passed legislation to repeal and replace the SGR once and for all. The SGR has not worked as it was intended to since 2003, and seventeen times it has called for steep physician pay cuts, threatening access to quality medical care for seniors. We are hopeful that the new system will bring increased stability to the Medicare program. … Continued

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