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View Diary: Breaking! Efforts Today To Rah Rah Dem Caucus For Chained CPI Fall Flat (162 comments)

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    elwior, Kitsap River

    How does this sound to you ?

    Elderly index:
    This method aims to reflect specific spending patterns of olderAmericans, in particular the greater amounts they spend on health care costs.

    Experts predict that the annual COLA would be on average 0.2 percentagepoints higher under this formula. For example, if the current formula would
    produce a 3.0 percent annual COLA, the elderly price index might yield a3.2 percent COLA.

    In addition, the effect of a higher COLA would compound
    over time, increasing the benefit by 2 percent after 10 years and 6 percent after 30 years. Permanently increasing the size of the benefit adjustment every yearis estimated to increase the funding gap by 16 percent.

    Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

    by divineorder on Tue Apr 16, 2013 at 03:43:22 PM PDT

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