Diet Cola Myth
by guitry
The cost of my Medicare part B premium and that of most of my\ acquaintances has far exceeded the Cola increase for the past four years. This is so because the law to which you refer was abrogated by an addendum to the drug bill passed in the middle of the night. The price of part B premiums is based on a retiree’s gross income (not a.g.i.) including income from tax free instruments. As a result net Social Security checks have steadily decreased for many retirees. Considering that I and my employer paid the maximum social security payroll tax for my entire working life and in addition paid heavily into the madicare fund, it is odd to find myself with a social security check which after paying federal tax and deducting part B premiums is in the middle three figures.