The presidential debate leading up to the elections in the USA took place last night at CNN studios in Atlanta. There donald trump and Joe Biden They faced each other, giving rise to multiple crossed statements. One of them was about the Social Security and Medicare for immigrants.
- What did Donald Trump say about Medicare and Social Security?
- Are there problems with Social Security and Medicare?
- The future of Social Security
- What will happen to Medicare?
- Changes are requested in Congress
Former President Trump stated on at least two occasions during the debate President Joe Biden will destroy Social Security and Medicare by extending those benefits to the immigrants who enter the United States.
“These millions and millions of people who are arriving, They are trying to put them on Social Security. That will end Social Security. Will end Medicare“Trump declared.
Joe Biden, a few months ago, made a strong warning: “As President, I will continue to strengthen Social Security and Medicare and protecting them from Republican attempts to cut back on the benefits Americans have earned.”
Are there problems with Social Security and Medicare?
Social Security and Medicare fund managers said in May that legislative changes were needed to ensure continued full benefit payments over the long term.
Every year, the question arises as to whether the Social Security Administration will have enough funds to cover payments to its beneficiaries.
A recent report from the trustees of Social Security and Medicare brings some encouraging news, thanks to the strong economic performance of the United States, which has extended the viability of the funds longer than expected.
However, they clarify that without legislative reforms, these programs will not be able to pay all the benefits in the long term.
The future of Social Security
The Social Security trust fund, which covers retirees and people with disabilities, will be able to pay full benefits until 2035, a year later than previously estimated. After that date, it will only be able to cover 83% of benefits.
What will happen to Medicare?
Medicare, which provides health insurance to people 65 and older and those with severe disabilities, will be able to fully cover claims for hospital insurance until 2036, five years later than previously planned. After that year, Medicare could only cover 89% of hospital and hospice costs.
Changes are being called for in Congress
Social Security Administration Commissioner Martin O’Malley noted in May that while the report is positive, It is crucial that Congress act to prevent a 17% cut in Social Security benefits. The last significant adjustment to these benefits was made 40 years ago.
Nancy Altman, president of Social Security Works, urged Congress to act quickly to ensure the sustainability of full Social Security benefits for future generations.