Posted on 11/12/2021 9:42:13 PM PST by blueplum
(CNN)The federal government announced a large hike in Medicare premiums Friday night, blaming the pandemic but also what it called uncertainty over how much it may have to be forced to pay for a pricey and controversial new Alzheimer's drug.
The 14.5% increase in Part B premiums will take monthly payments for those in the lowest income bracket from $148.50 a month this year to $170.10 in 2022. Medicare Part B covers physician services, outpatient hospital services, certain home health services, medical equipment, and certain other medical and health services not covered by Medicare Part A, including medications given in doctors' offices. The Centers for Medicare and Medicaid Services played down the spike, pointing out that most beneficiaries also collect Social Security benefits and will see a cost-of-living adjustment of 5.9%...
(Excerpt) Read more at cnn.com ...
14.5% minus 5.9% equals 8.6% net loss. Nice going democrats.
I’m happy my retirement goes up with COLA and not some vacuous figure that some bureaucrat(s) think I deserve.
2022 - I read that they raised it in part to cover future costs?
Prior to retirement, I thought Medicare would take care of my Health Needs...I paid into it for 30 years. Never knew they would take Part B right out of my SS check.
Good thing you said ‘one of’!
She was runner-up in the Helen Thomas Look-a-like Contest last year.
I've no idea how they do it now, but, back in the day when I worked for the Navy Department, we workers got time-and-a-half for overtime pay.
If we had to work on a holiday; we only got time!
Yup - straight time!
They actually said this was double time because we didn't have to be there so your normal wage was the same as DOUBLE time!
I tried to point out there were 104 days a year that I didn't have to be at work (weekends) and if I worked any I got 150% of my normal wage.
There were also 10 days that I didn't have to be at work (Federal holidays) and I didn't even get as much pay as a weekend day!
(Guess how many holidays they got me in to work after that!!)
You have to destroy the middle class to impose communism.
Lay up your treasure in Heaven, where ...WHAT??
COLAs however are only a fraction of real COL increases.
Just for the record, doesn’t a Medicare increase require congressional initiation?
Good thing they are only taxing the Billionaires.
>>14.5% minus 5.9% equals 8.6% net loss. Nice going democrats.
Failed math in school?
My Medicare Advantage plan for 2022 has already been published.
There was no increase in my payment for primary care physician or specialist.
...but also what it called uncertainty over how much it may have to be forced to pay for a pricey and controversial new Alzheimer’s drug.
—
Oh yeah. The FDA approved Alzheimer’s drug that costs a fortune and doesn’t actually work. Cost of treatment with this useless drug: $56,000-per-year.
“Aducanumab — developed by the biotechnology firm Biogen in Cambridge, Massachusetts — followed an unusual route to approval. In March 2019, Biogen halted two phase III trials of the drug candidate after an interim analysis showed that it was unlikely to improve cognition for people with mild Alzheimer’s. But when Biogen re-evaluated the data and found that a subset of people in one of the trials might have benefited, it reversed course; the firm submitted aducanumab for approval in 2020.
The FDA’s eventual decision to ignore the advice of its advisory committee and approve the drug, it says, was based on aducanumab’s ability to lower levels of amyloid plaques in the brain — protein clumps that some scientists think cause Alzheimer’s.”
https://www.nature.com/articles/d41586-021-01763-9
The part G supplement I had set up a couple weeks ago costs about $100 a month; it kicks in in January when I turn 65.
I wonder what will happen with its cost.
And I won’t get the notice about plan B cost till later this month, beginning of next month.
I will be sending in the form to tell them use this year’s and next year’s soc sec pay, rather than last year’s wages, since I retired end of this Jan and started soc sec in February.
Just for the record....... have you investigated one of the Medicare advantage plans by the large reputable carriers?
I’ve been waiting for that shoe to drop.
Totally “unexpected”...there’s that word again.
I would need an increase of about 8% in my pre-tax SS benefit to pay for this Biden tax increase. Hey Joe, I make less than than $400K ! You said no increases!
No, because when needed, the advantage plans do not deliver, regardless of how big or reputable the company offering the coverage.
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