Political News for Senior Citizens

Political News for Seniors

No help evident for senior citizens on lack of COLA, Medicare price hike

senior citizen shows his empty pocketThe Hill has the best report on the current situation in Washington

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.

 

Related Political News from Senior Journal Archives

Hillary Clinton calls Medicare price hike "outrageous and senseless"Media, others recognizing financial crisis for senior citizens from no COLA

Older Americans look at impact of Medicare price hike and no Social Security increase for 2016; solutions costly

Oct. 16, 2015

Big Medicare Part B price jump for some: 70 groups ask Congress to act

Part B will increase to $159 monthly for select beneficiaries in 2016; Part B deductible jumps to $223 for all on Medicare - Oct. 9, 2015

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