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Posts Tagged ‘social security and medicare’

Despite boost in social security, rising Medicare Part B costs leave seniors in bind

Wednesday, October 11th, 2017

News Medical reports:

“Millions of seniors will soon be notified that Medicare premiums for physicians’ services are rising and likely to consume most of the cost-of-living adjustment they’ll receive next year from Social Security.

Higher 2018 premiums for Medicare Part B will hit older adults who’ve been shielded from significant cost increases for several years, including large numbers of low-income individuals who struggle to make ends meet.

(more…)

Here’s What Medicare Part B Costs and Covers in 2016

Tuesday, January 26th, 2016

According to The Motley Fool:

“Learn how this part of the Medicare program works. 

Retirees rely on Medicare to help them with their healthcare expenses, but getting a better understanding of how the program’s different components can be challenging. Medicare Part B plays a key role in the everyday aspects of healthcare, and below, you’ll learn more of the specifics of how much Part B costs and what it covers.

What Medicare Part B costs
Medicare participants pay a monthly premium to get Part B coverage, but one of the more confusing things about the program in 2016 is that different participants pay different amounts. The standard charge for most new participants this year is $121.80 per month. But because of a law that ties Medicare increases to cost-of-living adjustments for Social Security, the majority of existing participants will pay the $104.90 monthly premium they paid in 2015. (more…)

Canadian Health Care: Patients Waiting Longer Than Ever For Treatment

Monday, January 11th, 2016

Investors Business Daily Reports:

Socialist Medicine: Canadians love their hockey and have historically been happy with their government-run health care system. Hockey is thriving. The country’s health care system, though, is a wreck and getting worse.

It could be said the words “Canada” and “health care” really don’t go together because some Canadians never make it to the doctor.

Too many die untreated due to extended wait times to see a doctor, and those wait times have increased again this year. They are now almost twice as long as they were in 1993, the year Hillary Clinton tried to force government health care on Americans. (more…)

Medicare costs to reduce Social Security increase

Thursday, October 20th, 2011

Benifits Pro reports:

“WASHINGTON (AP) — That didn’t last long. About 55 million Social Security recipients will get their first increase in benefits next year since 2009 — a 3.6 percent raise. But higher Medicare premiums could erase part of it.

For some, higher Medicare Part B premiums could wipe out as much as a fourth of their raise from Social Security, according to projections by the trustees who oversee the programs.

Medicare is expected to announce 2012 Part B premiums as early as next week. The premiums, which cover doctor visits, are deducted automatically from monthly Social Security payments.

(more…)

Slow Recovery Worsens Financial State of Medicare

Tuesday, May 24th, 2011

The New York Times reports

“WASHINGTON — The financial outlook for Medicare deteriorated in the last year because of the sluggish economic recovery, and the program’s hospital insurance trust fund will be exhausted in 2024, five years earlier than projected last year, the government said Friday.

The estimates, in the annual report by the Medicare trustees, were immediately swept up into the already inflamed political battle over federal spending, debt and the future of entitlement programs. (more…)

Deficit Reduction Commission Reports to President

Thursday, December 9th, 2010
WASHINGTON, DC - DECEMBER 01: The National C...
Image by Getty Images via @daylife

NAIFA.org reports:

“On December 1, the co-chairmen of the President’s Deficit Reduction Commission (DRC) released the commission’s plan for reducing the deficit by $4 trillion over the next five years. The plan calls for fundamental tax reform (via simplification, including potentially repealing all tax expenditures) by 2012, deep spending cuts, major changes to Social Security and Medicare, budget process reforms, and other proposals. The co-chairs say they want the 18 commissioners to vote on whether they support the co-chairmen’s plan on Friday (December 3). That date may slip.

(more…)

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