By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    physical health
    5 Ways Playing Games Can Improve Neural and Physical Health
    September 9, 2022
    Reasons For Hair Loss and Its Treatment
    Reasons For Hair Loss and Its Treatment
    February 16, 2022
    healthcare organization
    5 Actionable Strategies For Healthcare Organizations
    August 15, 2022
    Latest News
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    4 Reasons Chris Cornell’s Death Raises Medical Ethics Questions
    December 19, 2018
    What If You Could Sell Your Vote?
    August 24, 2017
    The Sleepy American
    September 12, 2017
    Latest News
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Medicare Cost Rise Eats Up Part of Social Security Inflation Adjustment
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Medicare Cost Rise Eats Up Part of Social Security Inflation Adjustment
Policy & Law

Medicare Cost Rise Eats Up Part of Social Security Inflation Adjustment

DavidEWilliams
DavidEWilliams
Share
2 Min Read
SHARE

Social Security recipients are likely to get a cost of living allowance (COLA) adjustment next year, based on an increase in the Consumer Price Index. Yet most senior citizens will see part of that increase eaten up by a rise in the Medicare Part B premium, which covers doctor visits and outpatient services and is usually deducted from Social Security payments. Part B premiums are driven by the cost of Medicare, which has been going up faster than inflation.

Social Security recipients are likely to get a cost of living allowance (COLA) adjustment next year, based on an increase in the Consumer Price Index. Yet most senior citizens will see part of that increase eaten up by a rise in the Medicare Part B premium, which covers doctor visits and outpatient services and is usually deducted from Social Security payments. Part B premiums are driven by the cost of Medicare, which has been going up faster than inflation. The impact differs for different people, and some won’t feel any effect, but many beneficiaries will see their Social Security increase cut to 2 or 2.5 percent instead of 3.5 percent.

I wish the impact were more substantial and more transparent. In fact, the best would be for seniors to get a letter explaining that they would have seen an increase of 3.5 percent but instead will get zero, thanks to rising health care costs. That would mirror what’s happening in the private sector, where increases in the cost of employer sponsored health care have largely offset wage growth. Come to think of it, maybe employers should also make this phenomenon explicit by showing employees a hypothetical wage increase and illustrating how the raise is being withheld to pay the rising health insurance bill.

This plan would make it a lot clearer how failure to act on health care cost control is taking money out of people’s pockets.

More Read

2/365 teenage pregnancy
Make IUDs and Implants More Affordable and Accessible for Teens
Starting a Healthcare Business in 2024
Government Wants Patients to Report Medical Mistakes – Is This a Mistake?
Patient Engagement Solutions – Your Smart Health Software
Let Your Lawyer Handle the Work Before You Pay Medical Costs


TAGGED:Medicaresocial security
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025
engineer fitting prosthetic arm
How Social Security Disability Shapes Access to Care and Everyday Health
Health care
August 20, 2025
a woman explaining the document
How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
Public Health
August 20, 2025

You Might also Like

health navigators
Policy & Law

What Is a “Navigator”?

July 17, 2013

Wikipedia: Study Confirms It Is a Reliable Source of Online Health Information

December 20, 2012

Ten Hurdles to Patient Adherence

June 14, 2012

We Need a Liberal Immigration Policy to Support Health Care Reform

May 24, 2011
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?