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Social Security Administration Announces Meager 1.3% COLA Increase for 2021 |
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The Social Security Administration announced on Tuesday that its annual cost-of-living adjustment (COLA) will be 1.3 percent in 2021, which means an average $20 boost in retirement benefits per month. This year’s COLA is the smallest since 2017 and slightly under the 1.4% average over the past decade.
“The members of the Alliance are disappointed and angry that Social Security beneficiaries will receive a paltry 1.3% benefit increase,” said Richard Fiesta, Executive Director of the Alliance in a statement. “While any COLA is better than nothing, 1.3% is not nearly enough to keep up with the escalating cost of prescription drugs and other expenses seniors have to spend their money on.”
He noted that at least 16% of seniors who work have lost their job due to the coronavirus pandemic, making Social Security a larger portion of their income.
“To help seniors and strengthen Social Security, we need to protect and expand the program. We can modestly increase benefits by making the wealthiest Americans pay their fair share by removing the artificial earnings cap," Fiesta added.
In response to the small COLA and to account for the financial problems caused by the pandemic, House Ways and Means Social Security Subcommittee Chairman John Larson (CT) and Rep. Peter DeFazio (OR) have proposed emergency legislation to raise the COLA to 3% next year. |
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Alliance Lawsuits in North Carolina and Wisconsin Continue to Make Their Way Through the Courts |
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There were significant developments in several of the voting rights lawsuits filed by state Alliances this week to ensure that older voters can cast a vote that will be counted during the pandemic.
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“The Alliance is proud of its work to make voting easier, especially during the pandemic,” said Executive Director Fiesta. “There are record requests for mail-ballots and people coming out for in-person early voting. Older |
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voters need to be able to participate fully in this election with the least risk possible to their health and safety.” |
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Biden and Trump Step Up Their Fight for Older Voters |
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Democratic presidential nominee Joe Biden argued this week that President Trump has turned his back on older Americans, citing the president’s widely criticized response to the coronavirus, his attempts to repeal the Affordable Care Act (ACA) and his approach to Social Security and Medicare. According to a recent NBC/Wall Street Journal poll, Biden is leading Trump with older voters by a whopping 27 points.
Referring to Trump’s pandemic response, Biden gave a speech at a community center for seniors in Pembroke Pines, Florida on Tuesday and said in Trump’s mind, seniors are “expendable.”
“Donald Trump is simple — not a joke — you’re expendable,” he said. “You’re forgettable. You’re virtually nobody. That’s how he sees seniors,” Biden said. “The only senior that Donald Trump cares about — the only senior — is the senior Donald Trump,” he later added. |
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Amy Coney Barrett Hearings: Maybe Medicare is Unconstitutional?? |
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The Senate Judiciary Committee held its confirmation hearings this week for Amy Coney Barrett, Trump’s nominee to fill Ruth Bader Ginsburg’s Supreme Court seat. During the hearings Sen. Dianne Feinstein (CA) asked Barrett if she agreed with |
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some originalists who say the Medicare program is unconstitutional.” Barrett declined to answer the question.
“It is outrageous that President Trump would consider a Supreme Court nominee who cannot say that Medicare is constitutional,” said Joseph Peters, Jr., Secretary-Treasurer of the Alliance. “The health of every senior is at risk with this nomination,” he continued.
Barrett could potentially be confirmed by the Senate and join the Court before Election Day, which means that she could rule on the upcoming Texas v. United States case about the future of the ACA. Many legal analysts think Barrett, if confirmed, could be the deciding vote to strike down the law. |
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Nursing Homes Continue to be Plagued by Covid-19 |
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An AARP analysis of recent government data shows that 50% of U.S. nursing homes have staff infected with Covid-19. The virus has claimed over 215,000 lives, 40% of which have occurred in nursing homes. The analysis also found that a quarter of facilities are short on workers as well as personal protective equipment (PPE).
Some states are doing far worse than others. For example, in Maine, New Mexico and New Hampshire, at least half of nursing homes reported insufficient PPE. In South Dakota and Kansas, more than half of nursing homes reported a staff shortage.
“Seniors need strong national leadership to bring us out of the coronavirus crisis,” said Robert Roach, Jr., President of the Alliance. “We have had more than enough time to address the PPE shortages in nursing homes that are a major factor in spreading the virus.” |
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The Hottest Trend in 2020: Voting Early |
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More than 17,800,000 Americans have cast their ballots either through the mail or in person, according to the U.S. Election Project, which tracks early voting statistics in real time. That number is almost 13 percent of the total number of Americans who voted in the 2016 presidential election.
States that kicked off early in-person voting this week were:
“Voting early is an opportunity to lock in your vote and then not have to worry about it,” said President Roach. “Go to vote.org if you have any questions about the deadlines or rules where you live.” |
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Thanks for reading. Every day, we're fighting to lower prescription drug prices and protect retirees' earned benefits and health care. But we can't do it without your help. Please support our work by donating below. |
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Alliance for Retired Americans | 815 16th Street, NW | Washington, DC 20006 | www.retiredamericans.org
