“As the country awaits full election results, we congratulate all of the seniors’ champions who prevailed in key races across the U.S. last night. Several candidates who the National Committee to Preserve Social Security and Medicare enthusiastically endorsed have emerged victorious in both the House and the Senate. These wins represent a resounding rejection of MAGA-nomics by voters in bellwether districts and states. While clearly concerned about inflation, these voters have said ‘NO’ to more tax cuts for the wealthy and powerful corporations – and NO to cuts in workers’ Social Security and Medicare benefits, including reducing COLAs or raising the eligibility ages for both programs…”
Next year’s 8.7% Social Security cost-of-living adjustment (COLA), when combined with the recently announced decrease in 2023 Medicare Part B premiums, amounts to an average of over $140 more per month in seniors’ pockets starting in January.