Big 2022 Social Security COLA announced after much speculation
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Big 2022 Social Security COLA announced after much speculation

Social Security recipients are looking forward to the largest cost of living adjustment in four decades in January. The tradeoff, however, is that they may need that added income to counter rising inflation. “COLAs are intended to protect the buying power of Social Security benefits but, according to consumer price data through July of 2021,…

Highest Social Security COLA increase in nearly 40 years could be coming
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Highest Social Security COLA increase in nearly 40 years could be coming

In 2021, Social Security benefits increased by just 1.3 percent, raising the average benefit by only about $20. Social Security recipients can look forward to one of the largest cost-of-living adjustments in nearly 40 years in 2022. The Senior Citizens League predicts an increase of 6.2 percent based on consumer price index data from July. “The estimate is significant,…

Inequities in health care coverage and access remain despite legislative gains
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Inequities in health care coverage and access remain despite legislative gains

Legislation to reduce racial and ethnic disparities in health insurance coverage and improve access to care have led to some progress but continue to fall short of objectives. The Affordable Care Act helped, especially in states that expanded eligibility for their Medicaid programs. However, after 2016, coverage gains stalled and slightly eroded. Combined with job and income losses stemming…

CMS eyes stiffer penalties for price transparency noncompliance

CMS eyes stiffer penalties for price transparency noncompliance

Since the hospital price transparency rule went into effect in January, the rate of compliance has been low. The rule was supposed to allow consumers to find the negotiated rate for common health care procedures and better estimate how much it will cost them. And while many consumers continue to be unaware of the new rule, those that do…