Sunday, March 27, 2011

Medicare rise could mean no Social Security COLA

Trays of printed Social Security checks waiting to be mailed from the U.S. Treasury. The government is projecting a slight cost-of-living adjustment for Social Security benefits next year, the first increase since 2009. But for most beneficiaries, rising Medicare premiums threaten to wipe out any increase in payments, leaving them without a raise for a third straight year. Millions of retired and disabled people in the United States had better brace for another year with no increase in Social Security payments.

Source: More politics

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