What Will President Biden Do to Social Security and Medicare?
Social Security s financial future is an urgent priority, but it ll still come after action on the economy and COVID, experts say.
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Jan 28, 2021
The Biden Administration says it plans to multi-task. But there’s at least one task outlined in its pre-election plan that it won’t get to anytime soon, according to several experts.
And that’s reforming Social Security.
To be sure, it’s an urgent and important matter. The trustees estimated in its most recent report that, if policymakers take no further action, Social Security’s combined Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) trust fund reserves will be depleted in 2035.