According to news from the Centers for Medicare & Medicaid Services today, beneficiaries over 65 who have been paying $96.40 a month in Medicare Part B premiums, will see their premiums rise next year to $99.90. This is significantly less than the increase predicted by CMS for 2012. New Medicare enrollees who have been paying $115.40 a month will actually see their premiums go down. The Part B deductible decreases as well, by $22, and premiums for Medicare's Part D prescription benefit will remain unchanged for 2012.
Today’s Medicare announcement follows news last week that seniors will receive a 3.6% Cost of Living Adjustment (COLA) in their 2012 Social Security checks. That means the average retiree will receive a nearly $40 per month increase in their Social Security checks even including the Part B premium increase.
Source: The National Committee to Preserve Social Security and Medicare
Republicans jammed together a mess of old, failed and vague schemes and called it a jobs bill. Sen. John McCain conceded the reason for the rehash: “Part of it is in response to the president saying we don’t have a proposal.”
They still don’t. This despite the fact that they promised voters during their campaign to take control of the U.S. House one year ago that they’d create jobs. That they’d focus on jobs. That nothing was more important to them than jobs.
Now, what they’ve offered instead of actual jobs is a polyglot of GOP talking points. It’s certainly no vision to move the country forward. It’s a plot to set the country back – to repeal the health care law that will soon help provide coverage for the nearly 50 million Americans without insurance, to rescind the Wall Street reform law designed to prevent another financial sector-caused meltdown, and to thwart regulations, like those that stopped distribution of listeria-infected cantaloupe that killed 25.
“Super Committee” Considering Drastic Cut to Future Benefits
The following statement was issued today by Edward F. Coyle, Executive Director of the Alliance for Retired Americans:
“Seniors are pleased by today’s announcement of a 3.6 percent Cost-of-Living Adjustment (COLA) for Social Security beneficiaries. After two years of no increase, this will help retirees be better able to pay their bills and stay healthy.
“But today’s news is tempered by reports that the congressional “Super Committee” is considering changes to Social Security that will severely hinder retirees’ ability to keep pace with the rising cost of living. The panel may recommend a new statistical formula for future COLAs, one that would grossly understate the growing financial pressures on retirees.
“What the proponents of the change clinically call a ‘Chained-CPI,’ is what millions of seniors would call ‘food, shelter, clothing.’ A recent study showed that, if this change took effect, a worker retiring this yea…
Social Security COLA Increase Finally Coming, but Offset by Medicare PremiumsAfter two years without an inflation adjustment, the Social Security Administration is expected to announce a 2012 cost-of-living adjustment (COLA) of more than 3 percent on October 19th. The annual Social Security COLA is determined by a formula that averages inflation for the third quarter, as reflected by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). No COLA was awarded in 2010 or 2011 due to a spike in the third quarter of 2008, which resulted in a 5.8 percent COLA for 2009. By law, subsequent Social Security payments couldn’t rise until the CPI-W exceeded the 2008 level. Many seniors will see a substantial part of the COLA consumed by a higher premium for Medicare Part B (doctor visits and outpatient services), which usually is deducted from Social Security payments. For those who receive the average benefit of $1,177 per month, a 3.5 percent COLA would lift t…
I was out for the afternoon and just arrived home. We turned on the television and what do we see the U.S. House of Representative doing? Trying to pass legislation to prohibit women to belong to an insurance plan through the Medical Insurance exchanges that provide for abortion coverage, even though that person would have to pay for the coverage themselves.
I just find it hard to understand, with all of the people unemployed in our country that Republicans would want to spend their time trying to pass such legislation knowing that it wouldn't pass the Senate and would be vetoed by the President.
It just doesn't make any sense to me.
It used to be that only the rich could get a safe abortion by traveling out of the country. Those who couldn't afford to do that got their abortions in the alley ways or in parking lots.
What in the world are these Republicans doing?
It shows me that they do not care one whit for those children that are already born.
The Blue Green Alliance is a national, strategic partnership between labor unions and environmental organizations dedicated to expanding the number and quality of jobs in the green economy. It was launched in 2006 by the United Steelworkers and the Sierra Club.
The Blue Green Alliance unites more than eight and a half million people in pursuit of good jobs, a clean environment and a green economy.
The Alliance believes that in the pursuit of earning a living, workers shouldn’t have to forfeit their health or their lives.
In 1970, I was working for the Northern Indiana Public Service Company, commonly known as NIPSCO. I worked at the Bailly Generating station which is a coal fired generating station on the southern shore of Lake Michigan. The boiler was under a positive pressure using forced draft fans to push the hot gases and smoke through the boiler and out the smoke stack. Any leak, regardless of size in the boiler skin or the duct work would spew out noxious and poisonous flue gas…
Leo W. Gerard, International President of the United Steelworkers (USW), North America's largest industrial union with 1.2 million active and retired members, today issued the following statement in support of the Occupy Wall Street protest movement:
"The United Steelworkers (USW) union stands in solidarity with and strongly supports Occupy Wall Street. The brave men and women, many of them young people without jobs, who have been demonstrating around-the-clock for nearly two weeks in New York City are speaking out for the many in our world. We are fed up with the corporate greed, corruption and arrogance that have inflicted pain on far too many for far too long.
Our union has been standing up and fighting these captains of finance who promote Wall Street over Main Street. We know firsthand the devastation caused by a global economy where workers, their families, the environment and our futures are sacrificed so that a privileged few can make more money on every…
Sickest Medicare Patients May Be Greatly Affected by the Super CommitteeThe “Super Committee” in Congress is tasked with finding $1.2 trillion worth of savings by November 23. If its members fail to do so, automatic spending cuts will kick in, taking that amount evenly from domestic and military spending. With only two out of the six meetings the committee has held thus far having been public, observers’ apprehension is growing. The few things that have trickled out include tax reform, as well as Medicare and Medicaid cuts. When it comes to spending cuts, both Democrats and Republicans seem to find common ground on the topic of “dual-eligibles,” the sickest and most costly patients. The term refers to people who are eligible for medical coverage under both Medicare and Medicaid; these patients make up about 16% of Medicare beneficiaries, yet make up about 27% of the program’s total spending. Right now, a possible solution being considered is forcing these patients into ma…