50% Part B Deductible Increase for 2016

[vic120]

That makes no sense. If the deductible goes up $100 then Plan F goes up by more than the $100. Plan G and N would be even a better deal.

Rick

yea, think I was just in panic mode at the moment,Hate the all the time changes, I am back down to earth now

 

[somarco]

Good News, Bad News In Medicare Trustees Report | Kaiser Health News

Election year be damned, Part B is going up

The huge rate hike is predicted because of a confluence of two factors: Medicare Part B costs increased more than expected last year, and Social Security is not expected to have a cost of living increase next year. By law, the cost of higher Medicare Part B premiums can’t be passed on to most Medicare beneficiaries when they don’t get a Social Security raise. As a result, the higher Medicare costs have to be covered by just 30 percent of Medicare beneficiaries. This includes the 2.8 million Medicare enrollees new to the program next year, 3.1 million Medicare beneficiaries with incomes higher than $85,000 a year and 1.6 million Medicare beneficiaries who pay their premium directly instead of having it deducted from Social Security. An additional 9 million people affected by the higher rates are so called “dual eligibles” — those on Medicare and Medicaid. States pay the Medicare Part B premium for duals.

Medicare Part B premiums are set largely by a complicated formula written into law. The trustees’ predictions on premiums are typically close to the final rates that are announced each fall by the Department of Health and Human Services.

 

[axeman462]

Good News, Bad News In Medicare Trustees Report | Kaiser Health News

Election year be damned, Part B is going up

Since when do laws make a difference to this president?

 

[somarco]

This is HHS. Nothing to do with POTUS. Medicare part B formula is baked in. Same for COLA (which will be non-existent in 2016

 

[kgmom219]

This is HHS. Nothing to do with POTUS. Medicare part B formula is baked in. Same for COLA (which will be non-existent in 2016

HHS has nothing to do with POTUS???

Thats why ACA rates were delayed til after the midterms??? Via HHS direction, that has nothing to do with POTUS???

C'mon, Somarco. You know better than that.

And all Congress has to do is change the law. They aren't going to give us a massive Part B deductible increase in an election year. ESPECIALLY since we are talking top 5% (ish) income. ALL of those people need to show up or you are going to learn to say President Clinton. Again.

 

[somarco]

Yes, POTUS does anything he wants with impunity. But he is also all about more tax revenue and cost sharing to save Medicare.

He will not interfere here even though he says he could win a third term if he ran.