As the costs for goods and services steadily increases from year to year, seniors are constricted more and more each year by a disproportionate Cost of Living Adjustment, or CoLA.
The Seniors Coalition has been a leader in the fight to protect and reform the CoLA promised to all seniors during their retirement. Now, we need your help!
Each year, the CoLA is based on the average market basket for a boomer family of four. This is ridiculous, seeing as how today’s seniors absorb more costs in one of the most expensive industries around – the healthcare industry. The costs of prescription drugs, healthcare visits, insurance, along with all the other normal costs of living comes nowhere close – either in description or cost – to the “average market basket for a family of four.”
The CoLA must be reformed to represent the average market basket for an American senior!
The current 2009 CoLA significantly underestimates the actual cost-of-living for the average senior, and the economic downturn will drive next year's CoLA to zero. But health care inflation, that is a serious drain on the wallets of every senior, is estimated to be near 10%.
We need your help to call upon your elected officials to made a needed mid-year correction on the current 2009 CoLA that has been promised to you, and also to reform the way the CoLA is determined to make it more relevant to seniors!
