I'd say that's probably right. The first 2 months of the third quarter CPI-W are out, and they average 1.55% above last year's third quarter CPI-W, the baseline for the COLA. If the CPI-W for September is exactly the same as the August value, the COLA will be 1.5%. If it's a little bit higher, the COLA will be 1.6%. It could be a little higher or lower, but even 2% is very unlikely.
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They really need to change that formula; we are not adequately being protected from inflation!
I'd say that's probably right. The first 2 months of the third quarter CPI-W are out, and they average 1.55% above last year's third quarter CPI-W, the baseline for the COLA. If the CPI-W for September is exactly the same as the August value, the COLA will be 1.5%. If it's a little bit higher, the COLA will be 1.6%. It could be a little higher or lower, but even 2% is very unlikely.
Something is better than nothing. Seems like no matter what the increase is or if there isn't one, people complain.
And it will likely be swallowed entirely by a rise in Part B premiums for the vast majority of beneficiaries.
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