Experts Warn About Social Security, Medicare Futures Amid Political Uncertainty

Experts at the American Society on Aging conference expressed deep concern over the future stability of Social Security, Medicare, and Medicaid, citing recent political disruptions, staffing cutbacks, and proposed funding changes as major threats. While immediate benefit cuts for current Social Security recipients appear unlikely, long-term financial solvency is in question; the 2024 Trustees report estimates that, without Congressional action, Social Security will only be able to pay about 83 percent of scheduled benefits by 2035. Many older Americans are anxious about the reliability of these programs, prompting advocacy groups like AARP to educate the public and encourage engagement with legislators. Meanwhile, the Social Security Administration continues to promote the 'Extra Help' benefit, which assists Medicare recipients with limited income by significantly reducing prescription drug costs, providing vital relief for millions. Beneficiaries can apply for this subsidy through various channels or be automatically enrolled if they participate in certain assistance programs. These developments underscore both the essential role and the uncertain future of America’s retirement safety net.