After a lifetime of hard work and responsibility, our seniors deserve the very best—and President Obama is committed to making sure we hold up our end of the bargain. The President strongly opposes turning essential programs like Medicare and Social Security—which seniors have been paying for their entire lives—into vouchers, or leaving them up to the stock market. Instead, he is working to preserve and protect a secure and healthy retirement for seniors, today and into the future.
The President's Accomplishments for Seniors
- Protecting Medicare’s future: President Obama strongly opposes privatizing Medicare or turning it into a voucher program.
- Cracking down on Medicare fraud: President Obama has led the most successful crackdown on health care fraud ever, and we've already recovered more than $4 billion from health care scams last year alone.
- Making Medicare more efficient: Simple changes, like helping hospitals cut down on infections and keeping seniors healthier with free preventive care, are saving Medicare over $200 billion by 2016.
- Free preventive care: Because of the new health care law, many preventive services are now free—including cancer screenings, wellness visits, and vaccines.
- Medicare savings: Under the health care law the average Medicare beneficiary will save $4,200 over the next ten years.
- Closing the doughnut hole: Nearly 3.6 million Medicare beneficiaries saved an average of over $600 on prescription drugs in 2011, and by 2020 the Medicare "doughnut hole" will be closed for good.
- Lowering premiums: Since 2010, when President Obama signed the Affordable Care Act, Medicare Advantage premiums have decreased by 16%.
- Fighting privatization: President Obama has consistently defended Social Security against Republican proposals to put Wall Street in charge of seniors’ savings.
- Promoting economic security: President Obama’s Recovery Act included a $250 credit for seniors to help make ends meet during the economic crisis.