{"id":2976,"date":"2023-03-27T14:15:01","date_gmt":"2023-03-27T18:15:01","guid":{"rendered":"https:\/\/communicator.pef.org\/?p=2976"},"modified":"2023-03-27T14:15:01","modified_gmt":"2023-03-27T18:15:01","slug":"president-biden-goes-to-bat-for-retirees-with-his-2024-budget","status":"publish","type":"post","link":"https:\/\/communicator.pef.org\/issue\/volume-41-no-3\/president-biden-goes-to-bat-for-retirees-with-his-2024-budget\/","title":{"rendered":"President Biden goes to bat for retirees with his 2024 budget\u00a0"},"content":{"rendered":"<p><span data-contrast=\"auto\"><em><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2696 alignright\" src=\"https:\/\/communicator.pef.org\/wp-content\/uploads\/sites\/2\/2023\/01\/PEF_Retirees.jpg\" alt=\"PEF Retirees Logo\" width=\"300\" height=\"300\" srcset=\"https:\/\/communicator.pef.org\/wp-content\/uploads\/sites\/2\/2023\/01\/PEF_Retirees.jpg 300w, https:\/\/communicator.pef.org\/wp-content\/uploads\/sites\/2\/2023\/01\/PEF_Retirees-150x150.jpg 150w, https:\/\/communicator.pef.org\/wp-content\/uploads\/sites\/2\/2023\/01\/PEF_Retirees-125x125.jpg 125w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>April 3, 2023 &#8212;<\/em> President Biden wrote an op-ed in the <\/span><i><span data-contrast=\"auto\">New York Times<\/span><\/i><span data-contrast=\"auto\"> March 7 to showcase his plans to protect and preserve Medicare, and he released the administration\u2019s complete budget proposal for fiscal year 2024 on March 9.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The budget tackles two of the most pressing issues for current and future retirees: lowering prescription drug prices and adding 25 years to the solvency of the Medicare Trust Fund; it pays for it by asking those with annual income above $400,000 to pay a little more into Medicare.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThe plan lowers out-of-pocket costs for seniors who need high-cost drugs by expanding the Medicare price negotiation that was introduced in the Inflation Reduction Act,\u201d said Richard Fiesta, executive director of the Alliance for Retired Americans. \u201cCapping older Americans\u2019 generic drug costs for chronic conditions at $2 will also help seniors pay for necessities like food, housing and energy.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The budget calls for a 10% increase \u2014 $1.4 billion \u2014 over the 2023 enacted level for the Social Security Administration (SSA) to invest in staff, information technology, and other improvements. The funds would improve customer service at Social Security Administration (SSA) field offices, state disability determination services, and teleservice centers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In addition, the plan invests $150 billion over 10 years to improve and expand Medicaid home and community-based services, such as personal care services, to allow seniors and individuals with disabilities to remain in their homes and stay active in their communities while improving the quality of jobs for home care workers. Even with those much-needed investments, the budget will reduce the deficit by nearly $3 trillion over 10 years.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">We urge Congress to take this proposal seriously and reject proposals that will lead to cuts to Medicare, including raising the eligibility age or further privatizing the system.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">We have seen runaway inequality over the last 40 years which allows some politicians to attack Social Security \u2015 and the best way to fight inequality is with UNIONS. Unions raise the wages of working people, meaning less for the millionaires and billionaires, and more for everyday people. This, in turn, strengthens the Social Security trust fund. I applaud President Biden\u2019s Budget proposal which, if enacted, will cut the deficit, tax the rich and fund needed programs for the middle class. It\u2019s also time for Congress to pass the Pro Act and support unions.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cUnions Built the Middle Class.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>April 3, 2023 &#8212; President Biden wrote an op-ed in the New York Times March 7 to showcase his plans to protect and preserve Medicare, and he released the administration\u2019s&#8230;<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"division":[],"allowed_regions":[],"allowed_divisions":[],"class_list":["post-2976","post","type-post","status-publish","format-standard","hentry","category-uncategorized","issue-volume-41-no-3"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>President Biden goes to bat for retirees with his 2024 budget\u00a0 - PEF Communicator<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/communicator.pef.org\/issue\/volume-41-no-3\/president-biden-goes-to-bat-for-retirees-with-his-2024-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Biden goes to bat for retirees with his 2024 budget\u00a0\" \/>\n<meta property=\"og:description\" content=\"April 3, 2023 &#8212; 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