Social Security and Medicare
Since its creation, Social Security and Medicare have been the foundation on which millions of middle-class Americans have built a secure retirement after a lifetime of work and paying taxes. Today, these programs are under increasing threat. Senator Schatz firmly believes that Social Security is the most successful antipoverty program in United States history and should be strengthened, not undermined. Senator Schatz has been hard at work to protect and enhance Social Security and Medicare to ensure our kupuna live their golden years with the dignity and respect they have earned.
Social Security is one of our nation’s most successful social programs, yet many in Congress have attempted to cut its funding or further raise the retirement age. In his efforts to preserve and enhance Social Security for our seniors, Senator Schatz strongly opposed the use of the Chained Consumer Price Index (CPI) to calculate cost-of-living adjustments. Implementing the so-called Chained CPI would unfairly cut Social Security and veterans’ benefits. He is also fighting efforts in Congress to raise the Social Security retirement age, which disproportionately affects those that need Social Security the most. These efforts to cut Social Security mean that the nearly 1 in 6 local residents who rely on Social Security would have to make more sacrifices in order to afford even basic necessities.
That is why Senator Schatz introduced legislation that would both increase Social Security benefits and strengthen the financial stability of the program. This legislation would increase benefits by about $65 per month, make cost-of-living adjustments more accurate, and remove the wage cap so that very wealthy Americans pay their fair share.
The Senator is also working with Democratic leadership to protect Medicare and provide seniors with access to quality, affordable care. Currently, drug manufacturers have a deal in place that allows them to charge the government higher prices for prescription drugs for certain seniors and people with disabilities. The Medicare Drug Savings Act would require pharmaceutical companies to charge more reasonable prices for drugs used by low-income seniors and people with disabilities, a commonsense change to level the playing field for Medicare Part D and save the taxpayers money. This bill would make our system fairer, as Medicaid and private insurers are able to negotiate lower drug prices, but Medicare Part D is prohibited from negotiations. By correcting this provision, we would be preventing excessive payments to drug companies, while saving the government money.
- On 80th Anniversary of Social Security, Senator Schatz Introduces Legislation to Expand Social Security Posted on 08/13/15
- Senators Fight to Protect Medicare for Seniors Posted on 03/06/14
Schatz Announces Afforable Care Act Has Helped Hawaii Seniors Save More Than $35 Million Posted on 11/26/13
Today, U.S. Senator Brian Schatz (D-Hawai‘i) announced that the Affordable Care Act has helped 15,318 seniors in Hawaii save a total of $35,300,393 on their prescription drug costs so far this year.Read More
Schatz Statement on Anniversary of Social Security Posted on 08/14/13
Today, Senator Brian Schatz released the following statement on the 78th Anniversary of the passage of the Social Security Act:Read More
ICYMI: Senators Brian Schatz and Tom Harkin Discuss Their Plan to Expand Social Security Posted on 08/12/13
Senators Brian Schatz and Tom Harkin (IA) penned an op-ed in the Star-Advertiser that outlines why expanding Social Security is important for middle-class families and future generations.Read More
Schatz Announces Major Legislation to Enhance Social Security Posted on 08/08/13
Today, Senator Brian Schatz laid out a plan, along with Senator Tom Harkin from Iowa, that will expand and enhance Social Security for Hawaii’s seniors and future generations.Read More
Schatz Joins Senate Colleagues in Opposing Cuts to Social Security, Veterans Benefits Posted on 04/25/13
Senator Brian Schatz joined Senator Tom Harkin, Chairman of the Health, Education, Labor and Pensions Committee, and a number of other Senate Democrats in opposing the use of Chained Consumer Price Index to calculate cost-of-living adjustments for Social Security or benefits to disabled veterans or their families.Read More