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In 2023, Social Security is undergoing changes that will impact beneficiaries. The Cola increase of 8.7% will positively affect benefits starting in January. Concerns arise about potential negative effects, such as increased medicare premiums and decreased food benefits. However, there is good news as medicare premiums are decreasing by three percent, a first-time event according to Forbes. These changes will have significant implications for those relying on these programs to make ends meet.