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Social Security benefits could see their highest increase in several decades, but those advocating for beneficiaries say there is still plenty of concern about today's financial hardships. The latest forecast indicates 2023 benefits will increase by around 9% when the decision is announced this month. Richard Fiesta, executive director of the Alliance for Retired Americans, said while the increase helps to temper inflation, it falls short for many older Americans. ...

Some 930,000 Colorado Medicare recipients will save money on medications starting next year, thanks to provisions in President Joe Biden's Inflation Reduction Act which allows Medicare to once again negotiate prices with drug companies. Bob Murphy, state director for AARP Colorado, has been calling on Congress to make prescription drugs more affordable for years, and said volunteers who placed millions of calls to Congressional offices won the day against a formidable opponent. "The pharmaceutical industry's advertising, which is, what, $5 billion or $6 billion a year," Mur...

Social Security benefits again could see their highest increase in several decades, but those advocating for beneficiaries say there is still plenty of concern about financial hardships, as well as politics surrounding the program. The latest forecast indicates 2023 benefits will increase by around 9% when the decision is announced in October. Jon Bauman, president of Social Security Works's political action committee, said while the higher adjustment helps buffer recent inflation woes, it still might not be enough for many older Americans. ...

With the election a little over a month away, some say caregiving and long-term care are issues too big for candidates in Oregon to ignore. There are about 460,000 family caregivers in the state providing $5.7 billion of unpaid care, according to a 2017 estimate. Yvonne Smith, a faculty member at Clackamas Community College, said some people may not even realize they are caregivers. ...

Massachusetts residents are being asked to step up, just as they did five years ago, to help their fellow Americans in Puerto Rico. The Massachusetts United for Puerto Rico Fund raised more than $4 million after Hurricane Maria devastated the island in 2017. But government dysfunction, and the immense structural damage from the storm, allowed many of the donated goods to go to waste. ...