As Biden vows to ‘protect’ Social Security, here’s what we know about the future of benefits
As President Joe Biden, at a White House event on Tuesday, touted new legislation that will reduce Medicare drug pricing, he also vowed to protect both Medicare and Social Security in the face of what he called Republican attacks on the programs.
The cost of insulin for patients covered by Medicare will also be limited to $35 per month.
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A spokeswoman for Scott pointed to a recent interview where he said his plan would help make sure people get their Social Security benefits.
Due to high inflation, estimates show the Social Security cost-of-living adjustment is poised to be the highest in decades, according to The Senior Citizens League.
Because those premiums are often deducted directly from Social Security checks, beneficiaries will be poised to take home more money.
In other years, when the COLA has been smaller and Medicare Part B premiums larger, beneficiaries were less likely to see any increase to their benefits, she noted.