CMS Announces 2008 Medicare Premiums - Medicare Part B Premiums Have More Than Doubled In Six Years

Main Category: Medicare / Medicaid / SCHIP
Article Date: 02 Oct 2007 - 12:00 PDT

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"While a 3.1 percent Part B premium hike may not sound like much, for seniors already facing higher co-payments, out of pocket costs, rising prescription drug fees and doughnut holes this premium news is just one small part of the story. Privatized Medicare and Part D drug coverage continue to leave seniors with healthcare costs which far outpace their cost of living adjustments."...Barbara B. Kennelly, President/CEO

In 2000, the Medicare Part B premium was $45.50. Next year it will be $96.40. This 212% increase is certainly not good news for seniors living on a fixed income facing rising healthcare costs.

According to the CMS, growth in Medicare's private fee-for-service program and increases in private Medicare Advantage plans account for a portion of this increase. Mrs. Kennelly says,

"Private insurers promised they could provide health coverage for seniors cheaper and more efficiently. Where are those savings? Instead, seniors are paying higher premiums, co-payments and out of pocket fees thanks to the privatization of Medicare and unchecked national healthcare costs."

The National Committee, a nonprofit, nonpartisan organization acts in the interests of its membership through advocacy, education, services, grassroots efforts and the leadership of the Board of Directors and professional staff. The work of the National Committee is directed toward developing better-informed citizens and voters.

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