A large majority of Chronic Kidney Disease patients who conduct Dialysis receive Social Security Disability Benefits. That is why it is such great news to learn that Dialysis patients are set to see the largest increase in Social Security benefits in nearly a decade. Those conducting Dialysis and other Americans receiving Social Security will be happy for the increase in their checks starting late December. Many will be pleased to learn why the boost is taking place and how much of an increase they will be receiving.
Preliminary figures suggest that the annual increase will be around two-percent (2%) or an extra $25.00 a month - which is a whopping $300.00 per year - for the average Dialysis patient receiving benefits. This will allow patients a bit of relief to cover the increased costs of living as well as purchase essentials that they may have been putting off.
While some conservatives have argued that the inflation index, which determines cost of living adjustments, is too generous because when prices go up people change their buying habits and buy cheaper alternatives; KidneyBuzz.com and other advocacy groups have urged that Dialysis patients specifically should receive additional monthly funds because patients' budgets are just too tight. Some patients have suggested that they cannot even afford $20.00 a year ($1.66 per month) to get a set of Fistula Protector Wristbands to preserve their Fistula Arms during emergencies where they cannot speak for themselves. Well, with the increase patients can better afford the things that they need.
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Mary Johnson of The Senior Citizens League said, "It's squeezing them [Social Security Beneficiaries]. It's causing them to dip into savings more quickly."
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While President Barack Obama persuaded Congress to approve one-time payments of $250 to Social Security recipients as part an economic stimulus package in 2009, Presidents typically have no power to boost the increase. Since 1975, Social Security's general benefit increases have been based on increases in the cost of living, as measured by the Consumer Price Index. However, for over 6 years, Social Security payments have remained largely stagnant while the cost of goods and services seem to have increased.
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It is nice that after years of the Chronic Kidney Disease Community petitioning Congress via KidneyBuzz.com that we are seeing a much-needed increase to the checks of those on Dialysis.
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