Safeguarding Social Security and Medicare Act

This proposed legislation mandates the Comptroller General of the United States to undertake a comprehensive study concerning the resiliency of Social Security and Medicare programs. The study's primary focus will be to assess the profound effects of inflation and rising cost of living on both Medicare and the Old-Age Survivor and Disability Insurance program. Within one year of the bill's enactment, the Comptroller General must submit a detailed report to Congress. This report is expected to include specific legislative recommendations aimed at improving the financial stability and ensuring the ability of these vital programs to provide full benefits to their millions of beneficiaries.