The Safeguarding Social Security and Medicare Act directs the Comptroller General, an independent auditor for Congress, to study how inflation and rising costs of living affect Social Security and Medicare programs. The study must examine these financial pressures on the programs that serve 71.7 million Social Security recipients and 66.6 million Medicare beneficiaries, and must include recommendations for legislative actions to ensure the programs can continue paying full benefits. The Comptroller General must complete and submit the study to Congress within one year of the bill's enactment. The bill does not authorize specific funding amounts or propose changes to the programs themselves, but rather seeks to gather information to inform future policy decisions. This legislation affects all current and future Social Security and Medicare recipients, particularly seniors and disabled individuals who rely on these programs for income and healthcare.
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