Hammering an Idea for Stingier COLAs

Posted on 02/7/2013 by |Washington Watch | Comments

Bulletin Today | PoliticsThis video might leave you with the impression that nobody wants a proposed change for calculating cost-of-living adjustments (COLA). Not older Americans. Not veterans. Not women. Not labor. And certainly not independent U.S. Sen. Bernie Sanders of Vermont. That the so-called chained Consumer Price Index has no support isn’t the case, of course, or these people wouldn’t have met at the U.S. Capitol to take turns bashing the proposal. Though the formula would slow increases in Social Security, veterans and …

Why Inflation Matters for Social Security

Posted on 12/13/2012 by |Social Security | Comments

Bulletin Today | PoliticsOne of Social Security’s great strengths is that it offers meaningful protection against inflation. Each year, the program considers how prices are rising [as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers]. If prices go up, the Social Security benefits people have earned tend to be adjusted as well. For a typical household, this protection is huge – a point I tried to emphasize in my book, “Social Security for Dummies.” It helps people keep …

The Takeaway: Health-Care Costs Rise Faster Than U.S. Inflation Rate

Posted on 05/21/2012 by |Brooklyn, NY | Comments

Bulletin TodayHigher charges by doctors, hospitals and drug companies have resulted in healthcare costs that have risen even faster than the rate of inflation, according to a survey released today by the Health Care Cost Institute, a nonprofit research organization in Washington DC. The study found that health care costs rose 3.3 percent in 2010 even though people actually used fewer services in many categories.  The average price of prescription drugs rose 3 percent; inpatient admissions cost 5.1 percent;  more and …

How high are your prescription drug costs?

Posted on 03/13/2012 by |AARP Blog Author | Comments

Personal HealthDo you get the feeling your prescription drugs are more expensive than they were just a few years ago? It sort of goes with out saying that everyone always feels that way. But here are some numbers: A new prescription drug report out from the AARP Public Policy Institute show that the cost of drugs most commonly used by Medicare recipients rose nearly double the rate of inflation between 2005 to 2009. So the average cost of such a therapy …

News To Know: The Amazing Shrinking Dollar

Posted on 07/17/2008 by |Archived Contributor | Comments

Money & SavingsIn another troubling piece of news about the economy, inflation rose by the highest amount in 17 years according to the department of labor.