Social Security COLA figures for 2013 announced.

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David2012

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If I remember right, Gasoline was $1.87 when Obama took office.. now it is $3.65 here. Our electricity & water rates went up last month...our electric / water & garbage bill was over $700 this month.. and we only have a 1,700 sq foot house using mainly flourecent bulbs and the thermostat set on 75 degrees. 2 years ago the same bill was running a little over $500 a month. Our cable bill for television & high speed cable Internet went from approx. $140 a month to about $185. My full coverage car insurance premium has gone up about $40 every 6 months this year.

Before Obama Care passed, I never had a co-pay at the doctor nor a yearly deductable on my private insurance plan.. my doctor bills and medical supplies were all covered by my Medicare & private insurance. After Obama Care passed, I started to have to pay a $500 year up-front deductable and $30 per visit co-pay. Plus my prescription drug plan stopped letting me buy 90 day supplies at a discount.. many times for the same price as the 30 day supply. Now I can only get 30 days at a time at a higher price. Our fixed income certainly isn't keeping up with real life inflation.

In the last 4 yrs, I think my benefits have increased about $50, and then the government took out medicare premiums from that. The government has a way to 'cook' the COLA numbers so they get the results that the administration wants. I think the Obama administration doesn't want the official numbers to show just how badly the economy has been doing under his administration .
 

gl55

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If I remember right, Gasoline was $1.87 when Obama took office.. now it is $3.65 here. Our electricity & water rates went up last month...our electric / water & garbage bill was over $700 this month.. and we only have a 1,700 sq foot house using mainly flourecent bulbs and the thermostat set on 75 degrees. 2 years ago the same bill was running a little over $500 a month. Our cable bill for television & high speed cable Internet went from approx. $140 a month to about $185. My full coverage car insurance premium has gone up about $40 every 6 months this year.


Before Obama Care passed, I never had a co-pay at the doctor nor a yearly deductable on my private insurance plan.. my doctor bills and medical supplies were all covered by my Medicare & private insurance. After Obama Care passed, I started to have to pay a $500 year up-front deductable and $30 per visit co-pay. Plus my prescription drug plan stopped letting me buy 90 day supplies at a discount.. many times for the same price as the 30 day supply. Now I can only get 30 days at a time at a higher price. Our fixed income certainly isn't keeping up with real life inflation.

In the last 4 yrs, I think my benefits have increased about $50, and then the government took out medicare premiums from that. The government has a way to 'cook' the COLA numbers so they get the results that the administration wants. I think the Obama administration doesn't want the official numbers to show just how badly the economy has been doing under his administration .

Yep the CPI is figured by the same agency that is telling you unemployment is only 7.8%

In other news, pigs can fly.
 

gl55

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If you want to believe that number they put out, go right ahead. I'll believe the prices I pay to live. I got a letter Friday saying my health care premiums are going up 26%/month for 2013. I guess United Health Care didn't get the memo about the CPI.
 

LightningCrash

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If you want to believe that number they put out, go right ahead. I'll believe the prices I pay to live. I got a letter Friday saying my health care premiums are going up 26%/month for 2013. I guess United Health Care didn't get the memo about the CPI.

How much did it go up in the previous years?

A family with employer-provided health insurance now pays just under $16,000 in annual premiums, an increase of about 4 percent over a year ago, according to a study released Tuesday by the nonprofit Kaiser Family Foundation.

Individual policies purchased through an employer rose even less, increasing just 3 percent from last year to an average of $5,615, the study said.

https://www.nytimes.com/2012/09/12/business/health-care-premiums-rise-modestly-report-says.html?_r=0

Do you have any data on the subject?
 
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As someone who hasn't had a raise in over 8 1/2 years, with medical insurance increases during that time, as well as gas, food, and just about anything a person needs........ I can definately feel the effects of inflation.

What's a Cost of Living Adjustment......we don't get those either! I'm on more of a fixed income with a job than my father-in-law is retired.
 

ez bake

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As someone who hasn't had a raise in over 8 1/2 years, with medical insurance increases during that time, as well as gas, food, and just about anything a person needs........ I can definately feel the effects of inflation.

What's a Cost of Living Adjustment......we don't get those either! I'm on more of a fixed income with a job than my father-in-law is retired.

This - I'm not sure why SS recipiants should get a COLA when a lot of (I won't say majority because I don't know, but it's got to be a fair amount of) employers aren't handing them out to employees. When times are tough - they suck for everybody.

BTW, if you think inflation was bad before... wait until the end of this year - actual goods and services are expected to take sharp increases (oh, and there's good news, Health insurance is probably going to increase more than ever before and you can count on a huge increase in taxes) :thumb:
 

GroupGuy

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Anyone who thinks the actual cost of living isn't going up either has their head in the sand or is living with their parents and the folks pay the bills. Food prices are up tremendously and will continue to increase (pork, chicken, beef, peanut butter, milk, bread, etc) more due to transportation prices and the increasing cost of corn and other grain. I don't blame the current administration for these increases but due to drought, burning our food in the form of Ethanol, etc. Of course the fuel and energy prices are higher (with the exception of Natural Gas, maybe) while Oil Company profits are at an all time high. It costs more to eat and get back and forth to and from work. I have been in a position to give my employees raises in excess of 10% per year but I know many employers who can't afford to do that. I do feel sorry for those tied to COLA adjusted increases.
 

dru

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Awesome that COLA is so low this year. If we manage to pull this off year after year, eventually soc sec, and its corresponding debts, will be inflated away into nothingness and we can start to get out from under the debt that this ridiculous program has us all under
 

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