Safeguarding Social Security and Medicare Act

HR 8806, the Safeguarding Social Security and Medicare Act, requires the Comptroller General to conduct a study within one year of enactment. The study will examine how inflation and rising costs of living impact Social Security and Medicare benefits, and provide recommendations to Congress on necessary legislative actions. This bill does not change current benefit levels but mandates an analysis to address financial pressures on the 71.7 million Social Security beneficiaries and 66.6 million Medicare beneficiaries. The focus is on gathering data to inform future policy decisions, not on implementing immediate changes.