“Supporters of the chained CPI say that it is a more accurate way of measuring cost of living increases for seniors. That statement is simply not true. Chained CPI falls short of the actual increases in costs that seniors face, pure and simple,” she says. “Chained CPI is just a fancy way of saying ‘cut benefits.'”
The National Committee to Preserve Social Security and Medicare also has fought the proposed change.
“We were pleased to see that it was not in the recent budget deal,” says Pamela Causey, director of communications, “but the battle is not won. Unfortunately, this will come up again. This is a time period when benefits need to grow and expand. The chained CPI will dramatically reduce benefits over the course of time.”