Our Social Security cost of living allowance is having a huge increase to compensate for post-Covid price increases. Sounds good, right? Not so fast! Those seniors that get social security also get Medicare and that’s where the rub is.
“The standard outpatient premium for the senior healthcare program will leap by $21.60 a month, gobbling up a big chunk of the average $92 Social Security cost of living allowance announced last month, The Associated Press reported.”
But that is only half of the story. The increase in the Medicare premium is mostly due to a useless Alzheimer’s drug that the FDA pushed through in spite of the objections of its own review committee. “About half of the increased premium is due to Medicare planning for an onslaught of use of the new $56,000-a-year medication Aduhelm, which was approved by the FDA in June despite objections from staff that there’s not enough evidence to show it works. It will add to the cost of outpatient coverage because it’s given to patients intravenously in a doctor’s office and paid for by Part B.”
I don’t know about you, but I am outraged! The pharmaceutical companies run this country! We are now forced to pay for a drug that is highly controversial and ineffective with Social Security money that could be used to improve our diets and lifestyle which HAVE proven to combat cognitive decline. When will this country stop letting big business run our lives?