Letter to the editor: Not affordable or caring
ObamaCare has truly kicked in with some little-known disastrous results. Obama is gone, but in his wake are the negative effects of the Affordable Care Act.
It turns out the famous promised 2-percent 2018 cost of living adjustment (COLA) for Social Security recipients may actually be 0 percent. It was for my wife.
What many Medicare recipients weren't told was that their Part B premium was to be raised by as much as 23 percent, which in many cases wipes out the COLA. I contacted my congressman, who confirmed that the existing rules permit the Social Security Administration to increase the Part B premium by no more than the amount of the annual COLA. What a deal! On that basis, there may never again be a COLA that can be counted on.
How many seniors were planning to use that 2 percent to balance some of the real inflation affecting their health-care and grocery budgets? Little did they realize that it can be wiped out by the same organization granting the COLA.
Let's repeal that monstrous ACA law that is neither “affordable” or “caring.” An Obama legacy … sad.