Political News for Senior Citizens
Political News for Seniors
No help evident for senior citizens on lack of COLA, Medicare price hike
Oct. 19, 2015 - As millions of America’s senior citizens worry about the financial crisis they face next year – no Social Security increase on top of a significant increase in Medicare costs for many – there is little evidence that Washington politicians will offer any relief.
The Hill reported today that the best hope for averting the Medicare price hike appears to be going stagnant.
This was a deal between the House leaders – House Speaker John Boehner and Minority Leader Nancy Pelosi
“Any hopes of a deal have dropped out of sight until likely December, when the same leaders must approve a government spending bill,” writes The Hill’s Sarah Ferris.
“I think it will be a part of the government spending discussion, especially since Pelosi seems to have this as a priority. I think she’ll be pretty insistent,” a Democratic aide reportedly told Ferris
The whole Medicare price-hike mess is due to a quirky law that kicks in when Social Security does not approve an annual cost-of-living increase.
It will not impact most of those in Medicare but for those who are included it will mean monthly Part B premiums of $159.30 per month, up from about $104 this year. The estimated is it will hit 16.5 million senior citizens.