The socialists hope this plays out. All the insurers go bankrupt means that Uncle Sugar is FORCED to fill in. Aw, gee, shucks. Poor Uncle Sugar has to have fully socialized medicine with no competition from now bankrupt health insurance companies. Boo hoo hoo.
Can I has a Communism?
I don’t believe everyone knows the deductibles and monthly fees that Uncle Sugar takes from each Medicare receipiant yearly (this socialized type of insurance is not free)....such as...(and there are more factors involved..these are just the basics)
CMS ANNOUNCES MEDICARE PREMIUMS, DEDUCTIBLES FOR 2010
The Social Security Administration announced there would be no increase in Social Security benefits for 2010. As a result of the hold-harmless provision, the increase in the Part B premium for 2010 will be paid by only a small percentage of Part B enrollees. Most Part B enrollees will pay the same monthly premium that they paid in 2009 ($96.40 was the 2009 standard monthly premium).
Approximately 27 percent of beneficiaries are not subject to the hold-harmless provision because they are new enrollees during the year (3 percent), they are subject to the income-related additional premium amount (5 percent), they do not have their Part B premiums withheld from social security benefit payments (19 percent), including those who qualify for both Medicare and Medicaid and have their Part B premiums paid on their behalf by Medicaid (17 percent).
The 2010 Part B monthly premium rates to be paid by beneficiaries who file an individual tax return (including those who are single, head of household, qualifying widow(er) with dependent child, or married filing separately who lived apart from their spouse for the entire taxable year), or who file a joint tax return are:
Beneficiaries who file an individual tax return with income:
Beneficiaries who file a joint tax return with income:
Income-related monthly adjustment amount
Total monthly premium amount:
Less than or equal to $85,000 Less than or equal to $170,000.........$110.50
Greater than $85,000 and less than or equal to $107,000
Greater than $170,000 and less than or equal to $214,000.... $154.70
Greater than $107,000 and less than or equal to $160,000
Greater than $214,000 and less than or equal to $320,000....
$221.00
Greater than $160,000 and less than or equal to $214,000
Greater than $320,000 and less than or equal to $428,000...
$287.30
Greater than $214,000 Greater than $428,000....$353.60
In addition, the monthly premium rates to be paid by beneficiaries who are married, but file a separate return from their spouse and lived with their spouse at any time during the taxable year are:
Beneficiaries who are married but file a separate tax return from their spouse:
Income-related monthly adjustment amount
Total monthly premium amount
Less than or equal to $85,000... $110.50
Greater than $85,000 and less than or equal to $129,000....
$287.30
Greater than $129,000....$353.60
Part B Deductible
In 2010, the Part B deductible will be $155.
Part A Premium and Deductible
Today, CMS is also announcing the Part A deductible and premium for 2010. The $1,100 deductible for 2010, paid by the beneficiary when admitted as a hospital inpatient.
Beneficiaries must pay an additional $275 per day for days 61 through 90 in 2010, and $550 for lifetime reserve days.