Based on consumer price index (CPI) data through April of this year, Johnson estimates that the COLA for 2021 will be zero. That estimate could change, however, since there are still five months of consumer price index data to be collected before the Social Security Administration announces the COLA in October. .On Friday, Members of Congress remained in their home states and districts for a week-long holiday recess. They are expected to return to Capitol Hill on Monday, June 3rd. In the final days of the Memorial Day recess, many Members of Congress will be hosting town hall meetings and attending events in their home states and districts. .Senate Aging Committee Holds Hearing .The Medicare report estimated the Hospital Insurance Trust Fund will become depleted in just six more year. .At the same time, prices for generic drugs were slightly lower in the U.S. than in most other nations. Specifically, the U.S. spent an average of On Friday, Members of Congress remained in their home states and districts for a week-long holiday recess. They are expected to return to Capitol Hill on Monday, June 3rd. In the final days of the Memorial Day recess, many Members of Congress will be hosting town hall meetings and attending events in their home states and districts. .Over the past 25 years, Congress has periodically debated plans to fix Social Security's financing, that rely heavily on benefit cuts. But for the first time in 2019 and 2020, Congress is considering a plan to strengthen Social Security and its benefits while making the program solvent by beefing up the payroll tax revenues flowing into the program. .The Social Security Administration maintains an "earnings suspense file" which tracks wages sent in by employers, for earnings that cannot be posted to individual workers' records because there is no match for the name and Social Security number. The Congressional Research Service reports that wages represented in the earnings suspense file currently amount to approximately 0 billion. According to Social Security Administration Inspector Patrick P. O'Carroll, "We believe the chief cause of wage items being posted to the earnings suspense file instead of an individual's earning record is unauthorized work by noncitizens." .However, in tough economic times, our seniors — many of whom live on fixed incomes — get hit the hardest. From increasing medical expense costs to the rising cost of living, our seniors are facing greater economic insecurities. This is why we must protect Social Security from cuts and work to lower medical costs for this generation and the generations to come. .Last week Rep. Tim Walburg (R- Mich.) introduced a bill, H.R.2266, that would amend title II of the Social Security Act to provide for a minimum annual cost-of-living increase for Social Security benefits. .Instead of using the CPI-W or the "chained" CPI, TSCL has been advocating for an inflation index that we believe would actually result in a more accurate Social Security COLA. We favor the CPI for Elderly Consumers (CPI-E), which the BLS has been tracking &ndah; but not utilizing – for decades. This index has shown that the spending inflation for seniors averages about two-tenths of a percentage point higher than the rate at which the CPI-W increases. We estimate that a senior who retired with average Social Security benefits in 1984 would have received ,496 more through 2013 had the CPI-E been used. .Taxpayers who receive pension payments. .TSCL has been getting a steady stream of email from those of you who might potentially be affected by a sizable benefit cut when you. Ask the Advisor: June 2021 What Is Congress Doing to Prevent My Benefits From Being Reduced? ."Taxpayers and patients will pay more for drugs and medical supplies," a group of more than 250 economists warned in a letter to the White House earlier this year. .84 cents for a generic that would have cost an average of elsewhere, according to the report from RAND Corporation, a nonprofit and nonpartisan research organization. .As a nonpartisan grassroots organization, we make our policy decisions based on only one thing: what is best for senior citizens. .Whenever possible, share your views with your elected officials. It is important that they are made aware of how their constituents feel. Remember, you are the one who has control over their job security. You could either call or write your Members of Congress. You can find your member of Congress, as well as their address and phone number, through the Guide to Contacting Congress feature on the Home page of this web site. .Sources: "Draft MedPAC Language Calls For Medicare Benefit Redesign," John Reichard, CQ HealthBeat, March 8, 201Medigap Reform: Setting The Context, Kaiser Family Foundation, September 2011. .Immigration Appeal Rejected by Court