Off-Topic: Medicare Premium Increase due to ObamaCare??

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	Name:	Casey -
	Subject:	Medicare Premium Increase due to ObamaCare??
	Date:	8/2/2012 9:22:45 PM

The short answer to the question of the whether these figures for Medicare insurance premiums are accurate is no. In the last few years, the standard monthly premiums for Medicare Part B have been set as follows:
2009: $96.40
2010: $110.50
2011: $115.40
2012: $99.90
(Many beneficiaries paid less than the listed amounts in 2010 and 2011 because of the "hold-harmless" provision of Medicare which states that if the dollar increase in your Medicare Part B premium is bigger than the dollar increase in your Social Security check, you don't have to pay the difference.) As for future Medicare Part B premium rates, the information cited is wrong on two counts: No provision of the health care legislation passed during the Obama administration sets Medicare premium rates, nor is a whopping jump of over 100% to a $247.00 monthly premium in 2014 a realistic figure.
New Medicare premium rates come out each fall and take effect in January. Medicare beneficiaries as a group are required to pay one-fourth the cost of running Medicare, and annual premiums are set at a figure calculated to achieve that level of revenue. Although the annual premium rates aren't officially set until they are announced each fall, Medicare administrators track trends and anticipated changes and use them to formulate projections of Medicare premiums for the next several years. According to the most recent report of the system's trustees, issued in May 2011, those projected premiums are: 2013: $110.50 2014: $115.80 2015: $120.80 2016: $126.00 2017: $132.70 2018: $140.30 2019: $148.40 2020: $158.60

Other messages in this thread:

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Medicare Premium Increase due to ObamaCare?? - Mack - 8/2/2012 7:42:32 PM

Medicare Premium Increase due to ObamaCare?? - GoneFishin - 8/2/2012 8:25:29 PM

Medicare Premium Increase due to ObamaCare?? - water_watcher - 8/2/2012 8:30:17 PM

Goofy, - wix - 8/2/2012 8:56:03 PM

Medicare Premium Increase due to ObamaCare?? - Casey - 8/2/2012 9:22:45 PM

but ... - water_watcher - 8/3/2012 6:28:57 AM

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