Basic Medicare Premium Up 13% Next Year, to $88.50 Monthly, USA

Featured Article
Main Category: Medicare / Medicaid / SCHIP
Article Date: 17 Sep 2005 - 14:00 PDT

Current Article Ratings:

Patient / Public:
Healthcare Prof:

Authorities announced yesterday that next year there will be a 13% increase on the Basic Medicare Premium, this will bring the monthly contributions to $88.50 per month, or $1062 per year. Add to this a monthly contribution of $32 for the new prescription drug benefit, which many beneficiaries will have to pay, bringing the total to a monthly premium of $120 ($1440 per year).

Basic premiums have gone up each year:

2006 - $88.50
2005 - $78.20
2004 - $66.60
2003 - $58.70
A 50% increase over a 3-year-period.

According to doctors, the reason why Medicare is costing more is a result of recent breakthroughs in research, new medicines, new technology. They also say that the government's drive for more screenings has resulted in higher costs.

Written by - Christian Nordqvist
Editor - Medical News Today
Copyright: Medical News Today
Not to be reproduced without permission of Medical News Today

Additional
References
Citations

Visit our medicare / medicaid / schip section for the latest news on this subject.

There are no references listed for this article.

Please use one of the following formats to cite this article in your essay, paper or report:

MLA

Christian Nordqvist. "Basic Medicare Premium Up 13% Next Year, to $88.50 Monthly, USA." Medical News Today. MediLexicon, Intl., 17 Sep. 2005. Web.
16 Feb. 2012. <http://www.medicalnewstoday.com/articles/30781.php>

APA

Christian Nordqvist. (2005, September 17). "Basic Medicare Premium Up 13% Next Year, to $88.50 Monthly, USA." Medical News Today. Retrieved from
http://www.medicalnewstoday.com/articles/30781.php.

Please note: If no author information is provided, the source is cited instead.

Rate this article:
(Hover over the stars then click to rate)

Patient / Public:

Health Professional:

Add Your Opinion

Please note that we publish your name, but we do not publish your email address. It is only used to let you know when your message is published. We do not use it for any other purpose. Please see our privacy policy for more information.

If you write about specific medications or operations, please do not name health care professionals by name.

All opinions are moderated before being included (to stop spam)

Contact Our News Editors

For any corrections of factual information, or to contact the editors please use our feedback form.

Please send any medical news or health news press releases to:

Note: Any medical information published on this website is not intended as a substitute for informed medical advice and you should not take any action before consulting with a health care professional. For more information, please read our terms and conditions.

Medicare / Medicaid / SCHIP

What is Medicare / Medicaid?

Medicaid and Medicare are two governmental programs that provide medical and health-related services to specific groups of people in the United States. Although the two programs are very different, they are both managed by the Centers for Medicare and... Read more...

Follow Our Medicare News On Twitter

Get the latest news for this category delivered straight to your Twitter account. Simply visit our Medicare / Medicaid / SCHIP Twitter account and select the 'follow' option.

Conditions Information

View list of all 'What Is...' articles »

Your Name:*
E-mail Address:*
Title For Opinion:*
Opinion:*

This is to help prevent SPAM submissions. Please enter the words exactly as they appear, including capital letters and punctuation.*