Report Section Data Note Americans Challenges With Health Care Costs AppendicesKey witnesses such as Mr. Richard Nance, Director of the Utah County Department of Drug and Alcohol Prevention and Treatment, advocated in favor of expanding telemedicine to treat those afflicted with addiction. Other witnesses such as Dr. Andrew Kolodny of Brandeis University warned that doctors need further education on safe opioid prescribing, and that it should not be influenced in any way by parties that benefit from the sale of opioids.."Medicare And The Federal Budget, Comparison of Medicare Provisions," Kaiser Family Foundation, March 2013..When Congress enacted automatic Social Security COLAs in 1972, there was only one CPI and it measured the inflation experienced by urban wage earners and clerical workers. The 1972 amendments used this CPI as the basis for determining your COLA today. But today there are other, more appropriate indexes for calculating the COLA. In 1978 the Bureau of Labor Statistics expanded the CPI known as the CPI-U to cover all urban residents, including most retirees, and in 1983 the BLS launched an experimental index, the Consumer Price Index for the Elderly, which reflects the spending patterns of people age 62 and older. … Continued
The Best Jobs Of My Life Legislative Staff Reflect Oas Episode 23The 2021 Part B increase comes at the same time beneficiaries are receiving one of the lowest COLAs ever paid. The annual inflation adjustment will increase the average Social Security benefit by only .00 per month. Because Medicare Part B premiums and out-of-pocket costs grow several times faster than the annual COLA, healthcare costs take a rapidly growing share of Social Security benefits in retirement. The situation can leave older households without adequate income and dwindling savings just a few years after retiring..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..In the coming weeks, we will continue to advocate for the legislation in the Senate, where the bill now sits. We will post updates here in the Legislative News section of our website, and on our new page on Facebook. … Continued
