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Medicare News
Does the House bill call Medicare “socialist”?, Democrats ask
With ongoing negotiations over budget cuts as a backdrop, during a hearing discussion Tuesday, Democrats asked whether programs like Medicare and Social Security fall under the language of a Republican's anti-socialist resolution proposal…
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The Republican plan to cut federal spending would cut Medicare
The end of pandemic emergency measures and conservative efforts to cut government spending are poised to put quality care even further out of reach. A sicker population is bad for the economy and the health sector.
Texas has the nation's…
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Democrats introduce bill to rename Medicare Advantage
In an effort to crack down on deceptive practices by Medicare Advantage providers, Democratic Reps. Mark Pocan, Ro Khanna and Jan Schakowsky reintroduced legislation on Tuesday that would ban private insurers from using the label "Medicare"…
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3 Costly Mistakes For Medicare Beneficiaries
Medicare is designed to help beneficiaries save money on health care. But there are three simple mistakes people can make that could end up costing them a fortune, or at least a significant portion of their retirement savings.
Whether…
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Positive News for Social Security
Inflation has become a particularly pressing issue for retirees. The standard Medicare Part B premium increased by 14.5% in 2022. Prices for food, gas, and some utilities have also increased at a double-digit rate. Clearly, the 5.9%…
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Medicare drug costs to be capped at $2,000 per year
The Senate voted on a sweeping climate, tax and health care bill that contains major measures to lower prescription drug prices within the Medicare program, allowing the government to negotiate drug prices for the first time and limit…
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Congress is not considering a $300 billion cut to Medicare
The Inflation Reduction Act, proposed by Senate Democrats, is expected to save Medicare nearly $300 billion in drug prices without reducing benefits.
On July 27, Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin…
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The $35 insulin cap would only affect Medicare recipients
The original text included provisions that would cap insulin prices for Medicare patients and people with private insurance, but the latter did not garner enough support.
More than 37 million Americans have diabetes, a chronic disease that…
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What you need to know about the Medicare Part A expiration date
At the current rate, Medicare's hospital insurance trust fund will run out of money by 2028, according to the June 2022 report from the Medicare administrators. That's a two-year extension from the previous estimate, but experts say it's…
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Medicare Part A is not (totally) free. Here’s how much it costs
Whether you’re a W-2 employee or self-employed, you pay Social Security and Medicare with every paycheck. For W-2 employees, 6.2% of your salary, up to a $ 147,000 limit in 2022, goes to Social Security, while 1.45% goes to Medicare. Your…
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