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OP
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Consensus leveling out at approximately 10.5% increase monthly or an average increase of 175$/month for those presently receiving 1650$/month.
Multiple media outlets
Most agree that a sizable increase in Medicare cost will also be attached.
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Joined: Sep 2001
Posts: 19,050
Campfire Ranger
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COLA is tied directly to annual inflation.
So what they are actually doing is predicting 10.5% annual inflation at the end of the fiscal year.
Trying to put lipstick on a pig, as the midterm election draws closer.
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Joined: Oct 2021
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Campfire Outfitter
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OP
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COLA is tied directly to annual inflation.
So what they are actually doing is predicting 10.5% annual inflation at the end of the fiscal year.
Trying to put lipstick on a pig, as the midterm election draws closer. So it appears.
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Joined: Oct 2021
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OP
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The calculation for this is done differently by using the associated costs of fuel and groceries which is typically omitted for other calculations.
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Joined: May 2003
Posts: 31,234
Campfire 'Bwana
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Campfire 'Bwana
Joined: May 2003
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Since it's tied to the previous year, it's going to be less than the current inflation. Plus, they'll take an even bigger chunk of it right back again for Moldycare.
Cleverly disguised as a responsible adult.
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Joined: Oct 2021
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OP
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Since it's tied to the previous year, it's going to be less than the current inflation. Plus, they'll take an even bigger chunk of it right back again for Moldycare. Yep. Medicare costs will see a significant hit upwards for those on it. I’ve seen speculative numbers but they were wide and varied.
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Joined: Feb 2003
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Social security just about pays the taxes on our home.
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps
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OP
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Social security just about pays the taxes on our home. Something about that made me chuckle! Hopefully you’ll have a little left over next year.
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Joined: Jan 2021
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Social security increase 10.5% -- Medicare increase 10.5%. Insert Yawn here.
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Joined: Dec 2015
Posts: 8,069
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2023 Social Security COLA ![[Linked Image from i.imgur.com]](https://i.imgur.com/buzPzGa.gif)
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OP
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Social security increase 10.5% -- Medicare increase 10.5%. Insert Yawn here. They aren’t 1/1 money wise comparisons.
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Here’s Why Your Medicare Part B Costs May Drop in 2023 June 01, 2022
Medicare beneficiaries who saw a double-digit-percentage increase in their Part B premiums for 2022 are in line for relief next year, according to a recent statement from the head of the Department of Health and Human Services (HHS).
High expected costs connected to Aduhelm, a new Alzhemer’s drug, played a part in a 14.5% jump in premiums from 2021 to 2022 for most Part B users; an HHS statement issued May 27 calls those expectations “an overestimate” and says “the reduction in premium costs attributable to Aduhelm will be incorporated into Medicare premiums for 2023 to lower Part B premiums paid by Medicare beneficiaries.”
[MOAA PUBLICATION: Aging Into Medicare and TRICARE For Life (Premium/Life Member Login Required)]
Discussions of a potential rate cut took place as early as January. At the time, HHS Secretary Xavier Becerra said changes could come later in the year; in the recent statement, he made clear the 2022 rates would remain in place.
“We had hoped to achieve this sooner, but CMS [Centers for Medicare and Medicaid Services] explains that the options to accomplish this would not be feasible,” Becerra said in the statement, referencing a CMS report on the issue.
[RELATED: Your Medicare Part B Rates Will Spike in 2022. Here’s What You’ll Pay]
Medicare officially announced in April its decision to cover Aduhlem only in cases where the patient participates in an official clinical trial. This will significantly reduce the number of Medicare beneficiaries eligible for the drug, which reportedly had been priced as high as $56,000 for a year’s worth of treatments – a figure that’s since been cut in half.
Neither HHS nor CMS provided any indications of an expected Part B premium for 2023, nor did they clarify whether any planned rate reduction would equate to a lower premium or simply a lower-than-expected increase, given recent inflation trends.
CMS released information on the 2022 premiums – including income brackets determining premium adjustments – in November 2021.
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Posts: 3,490
Campfire Tracker
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Campfire Tracker
Joined: Dec 2021
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SocSec increase is the CPI (Consumer Price Index).
The CPI for 2022 was 5.9%.
Inflation at the time, inflation was 8.3%.
That left SocSec recipients 2.4% in the hole.
Current CPI is 10.5%....but I inflation is currently up around 11.5%. That still leaves SocSec recipients 1% down.
A stupid, useless circle.
Two straight years under Obama, SocSec recipients received exactly 0% ... nothing ... nada ... zilch ... zero!!!!
For TWO years!
One year, the SocSec increase was like, .8%.
Yeppers, I know WAY more than I want to!
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Joined: Jan 2012
Posts: 45,016
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
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Don't count schitt on what they propose.
About 5 or 6 weeks ago I came across about 5 to 7 different formula and basis definement calculations the Liberal Socialist Democrats are mulling on the down low.
While Google fu, ing COLA schit in general.
Basically ways on how they can jug fuuuck schit and tie it too new factors or take away from current factors into reducing the COLA rate so it aint as much as it should be.
You all can google it for yourselves.
I seen the schit laid out weeks ago.
Remember these are the people that can mysteriously change the definition of words.
Ones like....
Vaccine
One like
Recession
What makes anyone think they wont change the basis of cola calculations on the down low.
Then Boom ....
Mid oct Cola announcement ain't schit to speak of.
And the sheeple will beleive the explanation of it and how it all has been redefined and how we are doing so well as a nation and basically dont have mean tweets from bad people anymore...
And off course med schit is gonna go up correspondingly with cola.
That's the way the entrenched med system and connected stock holders want it.
It's good ole boy schit set up that way.
Maybe Nancy's old man has stock in a Medicare tongue supressor company. .
Maybe Bytch Mconnel buckethead ole lady has stock in buckethead face mask.
Ect ect ect ...
All of us are already behind on the buying power of the cola from last year.
We were to begin with at the 5.6% or whatever it was..
P.S......
The OP is still a Liberal Socialist Democrat horses azz.
Let's not forget that just because he made a thread that many have a vested interest in on here.
All he did was a Captain cut and paste job anyways...
Azzclown stuff......
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Joined: Oct 2021
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Campfire Outfitter
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OP
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SocSec increase is the CPI (Consumer Price Index).
The CPI for 2022 was 5.9%.
Inflation at the time, inflation was 8.3%.
That left SocSec recipients 2.4% in the hole.
Current CPI is 10.5%....but I inflation is currently up around 11.5%. That still leaves SocSec recipients 1% down.
A stupid, useless circle.
Two straight years under Obama, SocSec recipients received exactly 0% ... nothing ... nada ... zilch ... zero!!!!
For TWO years!
One year, the SocSec increase was like, .8%.
Yeppers, I know WAY more than I want to! CPI was the past calculations standard. The new calculations beginning this year includes the costs of fuel and food which were not included in the past. This is why the increases are so noticeable compared to past ones.
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Joined: Feb 2018
Posts: 10,121
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Health insurance raises nearly always eat up any gains.
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Joined: Oct 2021
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Campfire Outfitter
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OP
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Health insurance raises nearly always eat up any gains. They sure ain’t dropping any. 2 choices here: More costs increases. Less coverage and care per $.
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Joined: Jun 2001
Posts: 19,070
Campfire Ranger
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Campfire Ranger
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Posts: 19,070 |
Gee,with the Tabor refund in Colorado and the increase in SS payments, I might be able to fill up half my truck tank.
If God wanted you to walk and carry things on your back, He would not have invented stirrups and pack saddles
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Joined: Feb 2019
Posts: 1,250
Campfire Regular
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Campfire Regular
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same with Military retirement and VA disability...projected big increases.
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Joined: Jan 2016
Posts: 95,648
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,648 |
Gee,with the Tabor refund in Colorado and the increase in SS payments, I might be able to fill up half my truck tank. Ha. Presuming gas prices dont increase as Houstons hero, the POS Bidet, destroys the O&G industry.
Last edited by jaguartx; 07/29/22.
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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