Medicare Premiums to Make Record Raise
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WASHINGTON Sept. 4, 2004 - Medicare premiums for doctor visits are going up a record $11.60 a month next year. The Bush administration says the increase reflects a strengthened Medicare, while Democrats complain that seniors are being unfairly socked.
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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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US Medicare premiums will increase by 17 percent in 2005, an increase unequaled in the history of medicare. Monthly premiums will increase by $11.
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HE new, sharply higher charges announced for Medicare beneficiaries last week may prompt more elderly people to join Medicare health maintenance organizations operated by private industry
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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.
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WASHINGTON One day after President George W. Bush touted his efforts to help the elderly cope with increased medical expenses, US officials announced the largest premium increase in the Medicare program&#39;s history, raising the monthly expense $11.
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Premiums for employer-sponsored health insurance increased an average of 11.2 percent in 2004, marking the fourth consecutive year of a double-digit increase and outpacing the growth in wages and inflation by wide margins, according to a survey released
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Local congressional candidates have weighed in on the 17 percent increase in Medicare Part B monthly premiums recently announced by the Bush administration.
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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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Democrats are vowing to roll back a sharp increase in premiums announced this month and the Bush campaign is seeking to blame lawmakers for the rise.
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The Bush administration said that Democratic proposals to hold down the scheduled 17 percent increase in Medicare premiums next year would lead to much higher premiums in 2006.
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President Bush proposed legislation to increase drug premiums for higher-income Medicare beneficiaries, which he said would generate $3.2 billion over five years.
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CHICAGO: Health insurance premiums rose five times faster than US workersâ salaries this year, according to a survey released last Thursday that also showed slippage in the percentage of American workers covered by employer health plans.
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Massachusetts health insurers are predicting their rates will increase by about 10 percent next year for most residents covered through employer health plans, marking the eighth consecutive year of double-digit premium hikes.
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As the Labor Day weekend began, federal health officials held a late-afternoon briefing to announce that 42 million disabled and elderly Medicare beneficiaries will be hit with the largest premium increase in 14 years.
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Most seniors will have to pay 5.6 percent more for basic Medicare coverage next year, officials announced yesterday. But premiums for more affluent beneficiaries will increase by as much as 83 percent, because the federal government for the first time will require wealthier people to pay more.
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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.