Leiren
Posts: 206
Joined: 8/16/2009 Status: offline
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quote:
ORIGINAL: SpinnerofTales Actually, Leiren, I think you have your facts wrong. Obama did not freeze COLA on social security. COLAs are determined by the rate of inflation over a given year. This formula for COLA on social security was put in place in 1975 when Gerald Ford was president. Due to the current economic meltdown, not of Obama's making, there is overall no inflation and so no COLA. Unfortunately, medical costs have risen even in this poor economy (a sign that our current system is not working). The result is that while social security checks won't rise, the deduction for medicare will. This is in no way Obamas decision. He is far from the source of this admittedly severe problem. If you like, you can read up on it at: http://www.cleveland.com/nation/index.ssf/2009/08/social_security_payments_to_di.html I would very much like to see the administration address this problem, but this certainly is not a result of any health care reform legislation, nor any decision by the administration. The problem, though serious, is entirely unrelated to any efforts on the part of Obama to try to reform the healthcare system.It is my hope that, before the medicare deductions rise, a solution is found to keep the recipients from suffering a loss to much needed and deserved income. Thanks so much for the additional info, Spinner. The article you provided still made it clear that Medicare premiums for Part B, and Part D appear to be increasing. To me, that's still a cost of living increase. The article also noted that Obama won't be addressing social security until next year. A lot of senior and disabled people are going to hurting by the time that happens. I do appreciate your taking time to explain things more clearly for me though.
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We have forgotten how to walk softly on the earth as its other creatures do.
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