“US announces big hike in Medicare premiums”

“US announces big hike in Medicare premiums,” by Maggie Fox and Tami Luhby, CNN

 

Quote:

“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. … Part B premiums are based on income. Individuals earning $500,000 or more a year and joint filers making $750,000 or more annually will pay $578.30 a month for coverage in 2022.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Ouch. There are several gradations between $170.10 and $578.30 that really ding the middle class. Thank goodness inflation is “transitory.” Yeah, right.