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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," Murphy pointed out. " .