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..According to STATnews, "Amid intensifying anger over the rising cost of medicines, a key piece of data has been missing from the debate - the actual prices after accounting for rebates and discounts offered by drug makers to payers. Now, a new analysis has come up with some numbers and the results are illuminating: Over a recent 11-year period, net prices for hundreds of drugs rose 60%, which was 3.5 times the inflation rate..TSCL is working to develop legislation that would ensure greater retirement security for older Americans by providing a modest boost in benefits. TSCL believes that a boost can be provided if Congress would raise the taxable maximum earnings that are subject to Social Security taxes - requiring all workers to pay their fair share..As we look to the start of the 117th Congress, my commitment to seniors and workers is to fully support Social Security and Medicare and to oppose cuts to these vital programs. We have many challenges ahead of us. We must keep the economy moving and growing again as we fight coronavirus. Government spending must get under control. And we must ensure Social Security and Medicare works for today's seniors and future generations. There are ways to do both!.Please Be Careful When Using Disinfectants and Cleaners.At the celebratory event, the President told his audience, "This got done because of you; because you called, you emailed, you tweeted your representatives and you demanded action. You made it clear that you wanted to see some common sense in Washington.".And remember, there is no plan anywhere on how to shore up Social Security, even if the Payroll tax deferment is not made permanent..TSCL supports H.R. 4012 enthusiastically, and we were pleased to see two new cosponsors sign on to it this week. We will be advocating for the passage of H.R. 4012 and S. 2251 Sen. Elizabeth Warren's companion bill tirelessly in the coming months because we know that a 3.9 percent COLA would provide much-needed relief to our members and supporters next year..Rep. Bill Huizinga pledged his support for Rep. Dana Rohrabacher's No Social Security for Illegal Immigrants Act last week. If passed, the bill would prevent illegal immigrants from receiving earned credit toward Social Security benefits. With the new co-sponsor, the total is now 69.

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Medicare has begun a major program change that affects diabetics who get supplies home delivered and other seniors who rent medical equipment like home oxygen gear and wheel chairs. The program is intended to help seniors save money when they buy supplies and rent equipment, but TSCL believes it is more likely to first cause confusion and surprise unanticipated costs until patients figure out the new system..Women who receive Social Security benefits outnumber men who do by almost 18%, according to data from the Social Security Administration. While women tend to outlive men, the average benefit received by women is 26% lower than the average benefit received by men..H.R. 1030 has been referred to various committees including the House Ways and Means Committee for further consideration. In an effort to be of all possible assistance to you, I have taken the liberty of sharing your support for this legislation with my colleagues on the committee. As they continue to review the Consumer Price Index for Elderly Consumers Act, you can be sure they will keep your views in mind. … Continued

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COLAs became automatic with the one that became payable on July 1, 1975 and continued to average 8.7% annually from 1975 through 198Then the bottom seemed to fall out. From 1983 through 2009 COLAs averaged 3.1%. From 2010 to Do you see a pattern here? I do. We may never know the full details, but what we do know is that our government economists at the Bureau of Labor Statistics changed the way they measured price changes. The Consumer Price Index Handbook of the Bureau of Labor Statistics contains an extensive list of ongoing changes to their methodology in measuring price change. Since the 1980s the BLS has implemented 30 changes, and many of those changes reduce the measured rate of inflation. That in turn means slower growth in Social Security benefits over time..Lawmakers Reach Deal to Avert Fiscal Cliff.While restricting a potential Part B spike in any given year is good news for beneficiaries, the problem itself isn't going away any time soon. "Unless Congress acts to boost Social Security benefits and finds a better way to adjust benefits for growing Medicare costs, this problem will continue occur with greater frequently in the future," says Johnson. "This approach of imposing future premium repayments doesn't fix the problem - it's like a payday loan. It just makes the premiums grow faster later, and the problem is triggered again the next time when COLAs are extremely low," Johnson says. The Senior Citizens League is working to get legislation introduced that would provide an emergency COLA of 3 percent in 202To learn more, visit. … Continued

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