AARP Idaho

AARP Says 'No Way' to No Social Security COLA in 2010

Published in Health Business Week, October 16th, 2009

In the midst of dwindling retirement savings and soaring health care costs, older Idahoans are bracing from more bad news that could spell disaster for many - no Social Security cost of living adjustment (COLA) in 2010. Today, AARP announced it will urge Congress to immediately pass legislation to provide relief to the over 50 million Social Security beneficiaries across the nation, including nearly 250,000 Idaho residents.

"While prescription drug prices continue to see record increases of 8% and insurance premiums are expected to double in the next few years, the lack of a Social Security COLA will hit many older Idahoans hard," said Jim Wordelman, AARP Idaho State...

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Source: Health Business Week (2009-10-16)

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