Medicare Premiums To Rise By 17.5%
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&quot;While Medicare patients will receive little or no benefit in return for the increase in premium payments next year, the prescription drug bill provided an immediate and dramatic increase
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Medicare patients&#39; monthly premiums for outpatient care will jump a record $11.60 next year, while deductibles for hospitalized patients will rise $36, the biggest jump in 14 years.
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Older Americans will have to pay about 17 percent more next year -- the largest increase in Medicare's history -- for their government-run health insurance, U.S. officials announced on Friday.
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Most people will have to pay 5.6 percent more for basic Medicare coverage next year, but more affluent beneficiaries can expect increases as high as 83.2 percent as the federal government for the first time requires wealthier seniors to pay higher premiums, Medicare officials announced today.
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Health insurance premiums for federal employees and retirees will increase by an average of 2.1 percent next year, the Office of Personnel Management announced this afternoon.
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Employers&#39; healthcare costs are expected to increase by an average of 11.3 percent in 2005, which outpaces inflation but is lower than 12.
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Health insurance premiums rose five  times faster than U.S. workers' salaries this year, according  to a survey released on Thursday that also showed slippage in  the percentage of American workers covered by employer health  plans.
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The Bush administration came out today in opposition to Democratic proposals to hold down the scheduled 17 percent increase in Medicare premiums next year, saying that
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US Medicare patients&#39; monthly premiums for outpatient care will jump a record US$11.60 next year, while deductibles for hospitalized patients will rise US$36, the biggest increase in 14 years, reported Monday&#39;s China Daily.
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Federal officials say rising costs, increased payments and some new benefits mean Medicare must raise its Part B premium 17% next year for most of the nearly 42 million seniors and disabled people covered by the program.
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Senate Republicans and Democrats on Tuesday battled over blame for a record increase in Medicare health premiums, which Democratic presidential candidate John
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Medicare premiums in the US will increase by 17.4 percent in 2005, the largest single increase in the 40 year history of the program.
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Health insurance premiums for  workers are rising around three times faster than their wages,  and health costs eat up a quarter of earnings for more than 14  million Americans, according to a survey on Tuesday.
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The cost of living adjustment intended to help more than 47 million Social Security recipients keep up with inflation is expected to be a tad larger in 2005 than it was this year, but the bad news is that much of the increase will be eaten up by higher Medicare premiums.
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For senior citizens enrolled in Medicare, nearly half the increase will be consumed by rising health insurance premiums, making this "good and bad news," said chief executive of the largest advocacy group for retirees.
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More than 47 million Americans receiving Social Security will get a 2.7 percent increase -- an extra $25, on average -- in their monthly checks next year, but much of the increase will be eaten up by higher Medicare premiums.
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Health premiums rose five times faster  than U.S. workers' salaries this year, according to a survey  released on Thursday, a trend analysts said is likely to throw  more people into the ranks of the uninsured.