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If you experience a steep rapid price increase like this, where the drug doubles or quadruples as it did for Janice, first check with your drug plan to learn whether the drug is still covered by your plan. You can double check the price you have been quoted by using the Medicare drug plan finder at. If the drug is covered and the price has increased like this example, please contact your Members of Congress, starting with your Representative in the House and share details about the cost increase of your drug. Members of the House have announced hearings in coming weeks to investigate this sort of price gouging and your Representative will be interested in hearing your story..Bill to Give Free Vaccines for Seniors.Avoid Falling for this Scam:.On August 15th, President Obama went on the record saying, "We should extend the payroll tax cut as soon as possible, so that workers have more money in their paychecks next year and businesses have more customers next year.".Higher benefit costs may not be a financial choice for the majority of seniors. Half of all survey respondents report spending 11% to 33% of their Social Security benefit on healthcare costs, and another 22% reported spending 34% to 50% of their benefit. The following table illustrates how respondents answered..Publication No. 05-10069..The index used to determine the COLA of retirees does not measure the spending patterns of retirees, but younger workers instead. Retirees, we all know, spend their money differently than younger people and must spend a far bigger share of their budgets on housing and medical costs - two categories of spending that often rise several times faster than overall inflation..These actions are what families do, but they are not without long term costs to retirement security. Some of you have reported going into debt, most often due to high medical costs. In fact, a Gallup poll in July of 2020 found that 15% of the adults contacted reported at least one person in their household had medical debt that will not be repaid either in full or in part within the next 12 months..The assertion that many lower - income beneficiaries would lose benefits due to higher COLAs simply isn't the case, but is rather another example of twisted partisan rhetoric. Voters would be far better served by lawmakers who are more focused on solving problems of the majority of people than spreading misinformation to protect the tax breaks of the nation's wealthiest workers.