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Changing Social Security and Medicare: President’s budget provides benefits and challenges for seniors
Representatives from one of the country’s largest senior citizens groups have good and bad things to say about President Barack Obama’s most recent budget proposal and the changes it suggests for Social Security, Medicare and other programs that benefit older Americans.
Released Feb. 2, the president’s $50 trillion spending plan for the next 10 years gives Medicare officials the ability to negotiate the price seniors pay for their most expensive drugs and gives the Social Security Administration $1 billion to hire personnel to work at its field offices. The budget proposal also includes changes that would greatly increase the amount of money future Medicare beneficiaries have to pay in terms of the premiums and deductibles and for certain health care services that many people rely on as part of their care. Read More…