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Social Security Benefits Boost: Gillibrand proposes major expansion citing inflation, healthcare costs

Senator Kirsten Gillibrand announced new legislation on Wednesday aimed at increasing Social Security benefits for seniors, addressing concerns over rising inflation and healthcare costs. The Boosting Benefits and COLAs for Seniors Act proposes a new method for calculating cost-of-living adjustments (COLAs) to ensure benefits more accurately reflect the real expenses faced by older adults.


The act seeks to modify the current COLA calculation, which is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers, by introducing a version tailored for the elderly. This change aims to place greater emphasis on healthcare costs, which are a significant expense for seniors. According to Gillibrand, the current system fails to keep up with the increasing financial demands, forcing many to compromise on essentials.

By recalculating COLAs to better account for healthcare inflation, Gillibrand’s legislation promises to provide seniors with benefits that match the cost of living more closely, ensuring they do not have to choose between healthcare and other necessities. This move represents a significant step towards strengthening the financial support system for older Americans.



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