“Biden panders...”?
So Joe personally determined what the yearly increase in Social Security will be”?
Good point. It’s a BS headline because Joe has nothing to do with determining the increase.
Medicare is going to increase more than whatever % increase SS goes up so people on SS will actually lose out.
Medicare is going to increase more than whatever % increase SS goes up so people on SS will actually lose out.
The standard monthly premium for Medicare Part B enrollees will be $164.90 for 2023, a decrease of $5.20 from $170.10 in 2022.
source: 2023 Medicare Parts A & B Premiums and Deductibles 2023 Medicare Part D Income-Related Monthly Adjustment Amounts
Medicare is going to increase more than whatever % increase SS goes up so people on SS will actually lose out.
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Decreases this coming year.
Last years premium increase was a percentage of the previous year’s premium and not on the amount of gain of monthly benefit and therefor did not erase the amount of gain of the benefit, unless the benefit was very low to begin with.
My elderly aunt was getting a ss check (several years back) of $17, due to having worked a short period of time under ss, then she worked for USPS (exempt from ss) for many years and retired under their pension system, her piddling ss check would be long gone if she were still living.