Obamacare strengthened Medicare by making certain preventive services free and adding coverage for an annual wellness visit. Last year, three quarters of people with Medicare got a free service.
The prescription drug coverage gap—the doughnut hole—is being closed. Seniors who fall in the doughnut hole are already saving an average of $600, and the doughnut hole will be closed for good in 2020.
President Obama’s health care law added eight years to the solvency of Medicare by getting rid of $716 billion in waste, fraud and needless spending—including $156 billion in wasteful subsidies to insurance companies.
President Obama is committed to protecting and strengthening Social Security for future generations, without putting current retirees at risk. He won’t accept reform that slashes benefits for future generations or turns Social Security over to Wall Street.
The worst financial crisis since the Great Depression claimed the retirement savings of millions of Americans. After the President took swift action to stabilize the financial system and pass sweeping Wall Street reform, retirement balances are 35% higher than they were in 2008.