Most oppose Social Security, Medicare cuts: AP-NORC poll - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Washington Wire
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Washington Wire RSS Get our newsletter
Order Prints
April 7, 2023 Washington Wire
Share
Share
Post
Email

Most oppose Social Security, Medicare cuts: AP-NORC poll

Associated Press

WASHINGTON (AP) — Most U.S. adults are opposed to proposals that would cut into Medicare or Social Security benefits, and a majority support raising taxes on the nation’s highest earners to keep Medicare running as is.

The new findings, revealed in a March poll by The Associated Press-NORC Center for Public Affairs Research, come as both safety net programs are poised to run out of enough cash to pay out full benefits within the next decade.

Few Americans would be OK with some ways politicians have suggested to shore up the programs: 79% say they oppose reducing the size of Social Security benefits and 67% are against raising monthly premiums for Medicare. About 65 million older and disabled people access government-sponsored health insurance through Medicare and rely on monthly payments from Social Security.

Instead, a majority — 58% — support the idea of increasing taxes on households making over $400,000 yearly to pay for Medicare, a plan proposed by President Joe Biden last month.

Ninety-year-old Marilyn Robinson disagrees with nearly everything the Democratic leader says, but she thinks his plan to increase taxes on wealthy Americans to pay for the health care program’s future makes sense.

She doesn’t know anyone in her rural, farming town of White Creek, New York, who makes that much money. Robinson herself, who has been on Medicare for the past 25 years, receives just $1,386 in Social Security and pension checks every month.

“I can survive on that much money,” she said. “But if you’re talking about $400,000, you’re just in another category. There’s nobody around here making money like that.”

That’s about the only change to the entitlement programs that most Americans say they would support.

One way or another, changes are in store for the programs. Last week, the annual Social Security and Medicare trustees report released Friday warned that Medicare will only have enough cash to cover 89% of payments for inpatient hospital visits and nursing home stays by 2031. Just two years later, Social Security will only be able to pay 77% of benefits to retirees.

The poll found that many Americans have doubts about the stability of both programs: Only about 2 in 10 are very or extremely confident that the benefits from either program will be available to them when they need them, while about half have little or no confidence.

Republican and Democratic leaders have publicly promised not to cut benefits for Social Security or Medicare. Some Republicans, however, have floated the idea of raising the eligibility age for Social Security and Medicare to keep the programs flush.

But a majority of Americans overwhelmingly reject that, too. Three-quarters of Americans say they oppose raising the eligibility age for Social Security benefits from 67 to 70, and 7 in 10 oppose raising the eligibility age for Medicare benefits from 65 to 67.

U.S. lawmakers who support raising the eligibility to keep those programs afloat may have been given a preview of the difficult road ahead in France, where the president’s proposal to increase the country’s pension retirement age from 62 to 64 has been met with violence and demonstrations by 1 million people.

Back in the U.S., 29-year-old James Evins in San Francisco says he doesn’t worry much about the future of Social Security or Medicare programs. As a middle school language arts teacher, he thinks he’ll have enough money saved in the state’s retirement program down the road.

“Couldn’t they raise more money for the fund?” asked Evins, who added that raising Medicare taxes on those making $400,000 or more is a better option. “That sucks for people who are trying to retire. To me, 65 is so late.”

Just 10 years out from his planned retirement, 55-year-old Mark Ferley of Chesapeake, Virginia, is worried about the future of the programs — and that he won’t get back the money he paid in. He supports raising the eligibility ages for Social Security and Medicare to 70. Ferley, who said he leans conservative, also believes that taxes should be raised on households earning $400,000 or more to keep the social programs solvent.

While most support increasing taxes on households earning more than $400,000 a year to pay for Medicare, the poll shows a political divide on doing so: 75% of Democrats support the tax but Republicans are closely divided, with 42% in favor, 37% opposed and 20% supporting neither.

While the American public may be in agreement on solutions for the programs, Ferley worries that elected officials won’t come up with a plan to fix the program.

“Until our leadership determines that the term compromise is no longer a dirty word, I don’t have a whole lot of optimism,” he said.

His concerns are valid, said Paul Ginsburg, a professor of health policy at the University of Southern California. Most legislators are not taking dire warnings about the future of Social Security and Medicare seriously. Instead, the federal government is coming up with short-term solutions to keep the programs extended for a few more years.

“People are just going to go back to business as usual and not worry about it,” Ginsburg said Friday, after the latest trustees’ report warned of Social Security and Medicare shortfalls on the horizon. “It’s particularly problematic for Social Security. In Social Security, you have a situation where if you make changes now, they can be quite modest. If you wait until 2035, they’re going to be draconian.”

___

AP writer Fatima Hussein in Washington contributed to this report.

___

The poll of 1,081 adults was conducted Mar. 16-20 using a sample drawn from NORC’s probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 4.0 percentage points.

Older

Social Security and Medicare will be insolvent in 10 years, but neither party wants to do anything about it

Newer

The Biden administration's Medicare Advantage payment rule weighs complicated tradeoffs

Advisor News

  • Help women break through their retirement roadblocks
  • Advisors await SEC decision on Vanguard fair fund distribution
  • What to do when adult children become the client
  • Judge rules insurers not liable for Newport Group’s AME Church pension lawsuit
  • Why vacation homes are becoming a major blind spot for advisors
More Advisor News

Annuity News

  • Legacy Marketing Group partners with Malibu Life USA for annuity launch
  • Best’s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth
  • When technology becomes easy to rent, what still separates life and annuity carriers?
  • Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
  • Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
More Annuity News

Health/Employee Benefits News

  • ACA premiums to rise in Virginia
  • GSP Health plans new Woodward community health center
  • BRAND DRUGMAKERS RAISED PRICES ON 250 DRUGS THIS SUMMER
  • Premiums set to spike in Virginia Obamacare premiums set to rise next year, filings show
  • Premiums set to rise next year, filings show Obamacare premiums set to rise next year, filings show
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • How advisors can get clients to act sooner on life insurance
  • AM Best Affirms Credit Ratings of Crum & Forster Insurance Group’s Members and Monitor Life Insurance Company of New York
  • AM Best Affirms Credit Ratings of Life Insurance Company Centras Life JSC
  • AM Best Withdraws Credit Ratings of New Providence Life Insurance Company
  • When technology becomes easy to rent, what still separates life and annuity carriers?
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.