Senior Citizens
As of spring 2023, the Social Security Trust Fund is projected to become depleted in 2034, with 77% of benefits payable at that time. The Disability Insurance Trust Fund asset reserves are not projected to become depleted during the 75-year projection period.
Two key estimates this year extended the life of Medicare’s Hospital Insurance Trust Fund: the Medicare Trustees report moved its estimate from 2026 to 2028, and the Congressional Budget Office’s estimate moved from 2027 to 2030.
Congressman Bishop agrees that Congress needs to act sooner rather than later to ensure that Social Security and Medicare remain strong in the future. Such options should include a balanced approach such as a mix of revenue raisers but also long-term structural reforms.
Medicare has been vital to the health care needs of older Americans. Social Security also has been one of our nation’s most successful anti-poverty programs. Social Security income has helped seniors stay above the poverty line.
Congressman Bishop will do everything that he can to ensure that these two vital programs remain strong now and into the future. For example, he supported legislation capping monthly copayments for insulin products at $35 per month for Medicare beneficiaries which took effect beginning in 2023.
More on Senior Citizens
WASHINGTON, DC – Today, Congressman Sanford D. Bishop, Jr. (GA-02) released the following statement regarding last night's storms in Middle and Southwest Georgia:
"My prayers go out to all those impacted by the terrible storms that swept through the Middle and Southwest Georgia region. The damage was significant, and my office stands open and ready to assist those affected.
WASHINGTON D.C. – Congressman Sanford Bishop, Jr. (GA-02) voted in favor of the bipartisan package H.R. 2, the Medicare Access and CHIP Reauthorization Act of 2015, which will strengthen health care for older Americans, poor children, and families by permanently fixing the Sustainable Growth Rate (SGR) formula for Medicare physician payments, providing funding to pay Medicare Part B premiums, supporting community health centers, and extending the Children's Health Insurance Program (CHIP) for two years.
WASHINGTON, D.C. – Today, Congressman Sanford D. Bishop, Jr. (GA-02) released the following statement regarding the 79th anniversary of the enactment of the Social Security program:
WASHINGTON, D.C. – Congressman Sanford D. Bishop, Jr. (GA-02), Ranking Member of the House Appropriations Subcommittee on Military Construction, Veterans Affairs, and Related Agencies, released the following statement after the House passage of the conference report on H.R. 3230, the Veterans' Access to Care through Choice, Accountability, and Transparency Act of 2014. H.R.
ALBANY, GA – Today, Congressman Sanford D. Bishop, Jr. (GA-02) welcomed the United States Postal Service's (USPS) five-year lease renewal of the Albany Post Office located at 345 West Broad Avenue. Congressman Bishop has been actively involved in working with the USPS and the Albany community in keeping this important post office open for the future.
WASHINGTON, D.C. – Today, Congressman Sanford D. Bishop, Jr. (GA-02), Member of the House Appropriations Committee, supported a measure to ensure that the United States Postal Service (USPS) provides mail delivery service six days a week. Supported by the National Active and Retired Federal Employees Association, National Association of Letter Carriers, and the National Rural Letter Carriers' Association, the amendment was successfully attached to the Fiscal Year (FY) 2015 Financial Services government spending bill during the Appropriations Committee mark up.