Changes to Medicare and Social Security would be less likely to happen under a re-elected Trump than under a newly elected Joe Biden, Michael Bloomberg, Pete Buttigieg, or Amy Klobuchar—and even under one of them, such legislation would be a long shot. (Bloomberg is founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)
Expect commercials later this year to make the case that seniors should be very afraid that Trump is coming for their benefits. But when it comes to Social Security and Medicare, what should really worry us is that Washington, D.C., won’t do anything to protect their long-term viability.
This article was provided by Bloomberg News.