Tag Archives: no increase in social security

A Poor Job of Taking Care of Seniors

Politicians spend a lot of time talking about how we need to take care of our seniors.

But mostly, that’s all they do: talk.

And we saw clear proof of this last week: a one-two combination that will send even some of our toughest seniors reeling.

First, the Obama administration announced that it will not add a cost-of-living increase to Social Security checks in 2016. This is just the third time that’s happened in the past forty years – but the third time since 2010.

And second, the Obama administration announced that premiums for Medicare Part B, which covers outpatient care, preventive services, ambulance services, durable medical equipment, and other things, will rise 52 percent in 2016. Since 70 percent of seniors are exempt from this cut because of the lack of a Social Security cost-of-living increase, that means “only” 16.5 million seniors will be forced to fork over the higher premiums.

And this is how we take care of our seniors?