Medicare Part B beneficiaries have seen their monthly premiums jump to from $148.50 to $170.10 this year – one of the biggest increases in recent history. Many seniors on fixed incomes who welcomed this year’s 5.9% Social Security COLA were dismayed to find that $21 of it will be consumed by the Medicare premium bump. But this week brought some potentially encouraging news.
Seniors and their loved ones may be alarmed to learn that there is an insidious, but largely unpublicized effort underway to gradually privatize Medicare. According to recent reporting, some traditional Medicare patients are now being placed in for-profit managed care plans without even knowing, thanks to a Trump administration policy that is still in effect.
The National Committee is urging President Biden to mitigate the announced $21 monthly increase in Medicare Part B premiums. President and CEO Max Richtman sent a letter to the White House this week asking President Biden to intervene before the premium hike takes effect in 2022.
Social Security must be expanded and strengthened now. That was the message National Committee president Max Richtman delivered in testimony today before the House Ways and Means Social Security subcommittee, chaired by Rep. John Larson (D-CT). This was the first and possibly only hearing on Congressman Larson’s Social Security 2100: A Sacred Trust legislation, which would boost benefits and extend the solvency of the program’s trust fund.
Some tropes never die. The one about Millennials not being able to rely on Social Security when they retire re-surfaces every few months, most recently in an article by John Csiszar on the financial news site GoBankingRates.
The House of Representatives passed President Biden’s landmark Build Back Better plan this morning --- a victory achieved by Democrats to benefit American seniors. The House-enacted legislation represents the biggest expansion of the social safety net for older Americans and their families in five decades.
While not specifically targeted to seniors, the Biden infrastructure plan will help older Americans both directly and indirectly.
The National Committee to Preserve Social Security and Medicare --- on behalf of its millions of members and supporters --- applauds Congressman John Larson for introducing his Social Security 2100: A Sacred Trust Act today.
We asked NCPSSM senior policy analyst Maria Freese, an expert in women’s retirement issues, why a higher minimum wage is so crucial for women in the long run.
We and other seniors' advocates cheered President Biden's Build Back Better plan, which called for adding dental, vision, and hearing coverage to Medicare. That plan is having a difficult birth in Congress, as moderate and Progressive Democrats wrangle over the plan's size and scope.