It might be a little help for those on SS but the Medicare costs will go up and take most of the increase away. I’d prefer that prices of everything return to pre-Biden levels.
The 5.9% rise wasn’t wiped out the last time unless your benefit was very low to begin with. The 5.9% rise was 5.9% of your gross benefit, while the percentage rise on your Medicare premium was based on your then existing Medicare premium, not the gross amount of your benefit.