There are several truths in life… death, taxes, and the inability of Congress to pass legislation that is actually beneficial to the American people. And with our welfare and benefit system growing from a safety net scheme 70 years ago, to now a massive boondoggle encompassing nearly two-thirds of the entire annual budget, eventually something had to crack, and it is coming this time in potentially new increased costs for Medicare premiums for those stuck in fixed incomes.
Nearly a third of the roughly 50 million elderly Americans who depend on Medicare for their physician care and other health services could see their premiums jump by 52 percent or more next year. That’s because of a quirk in the law that punishes wealthier beneficiaries and others any time the Social Security Administration fails to boost the annual cost of living adjustment.
Unless Congress or Health and Human Services Secretary Sylvia Mathews Burwell intervenes, an estimated 15 million seniors, first-time beneficiaries or those currently claiming dual Medicare and Medicaid coverage will see their premiums jump from $104.90 per month to $159.30 for individuals, according to an analysis by the Center for Retirement Research at Boston College. Higher-income couples would pay multiples of that increase. – Yahoo Finance