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More than 74 million Americans can expect a healthy inflation adjustment to their Social Security benefits next year — just not as large as this year’s historic 8.7% raise.
Analysts say the 2024 adjustment, which helps older Americans keep up with inflation, won’t be nearly as high as this year’s but will still be significant.
Medicare reforms are needed to secure value for patients, enhance the program’s solvency, and reduce its burden on current and future taxpayers.
In deciding the future of Medicare, Congress must choose betweenconsumer choice or legislative and bureaucratic control of benefitdesign, prices, and operational decisions. A successful example ofthe consumer choice model already exists: The Federal EmployeesHealth Benefits Program meets the health care needs of 9 millionfederal employees, retirees, and family members, and should be themodel for Medicare reform.
The short-term outlook for these programs has improved, but challenges and uncertainties loom.