Medicare is stronger, and Social Security remains strong. As long as I am President, I will keep strengthening Social Security and Medicare and protecting them from Republicans' attempts to cut benefits Americans have earned. Since I took office, my economic plan and strong recovery from the pandemic have helped extend Medicare solvency by a decade, with today's report showing a full 5 years of additional solvency. My plan would extend Medicare solvency permanently by asking the wealthy to pay their fair share and lowering prescription drug costs. And I am committed to extending Social Security solvency by asking the highest income Americans to pay their fair share without cutting benefits or privatizing Social Security.
Republicans in Congress have a very different vision. Their budget sides with the wealthy and special interests to cut Social Security by over $1.5 trillion, increase the retirement age, raise prescription drug costs, and transition Medicare to a system that would raise premiums for many seniors. These changes are cruel and unnecessary. I will always fight for America's seniors and prevent Republicans from cutting Social Security and Medicare.
Joseph R. Biden, Jr., Statement on the Social Security and Medicare Trustees Reports Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/371640