Medicare Part B premiums will DECREASE next year.

[Kingofalldems]

Link to tweet

https://pbs.twimg.com/media/FdrnEKNWAAEt68x?format=jpg&name=4096x4096

[Walleye]

1. Excellent,

Thanks dark Brandon

[Tickle]

2. yes! thank you! nt

[asiliveandbreathe]

3. Info from link in tweet...

Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A.

Each year the Medicare Part B premium, deductible, and coinsurance rates are determined according to the Social Security Act. The standard monthly premium for Medicare Part B enrollees will be $164.90 for 2023, a decrease of $5.20 from $170.10 in 2022. The annual deductible for all Medicare Part B beneficiaries is $226 in 2023, a decrease of $7 from the annual deductible of $233 in 2022.

The 2022 premium included a contingency margin to cover projected Part B spending for a new drug, Aduhelm. Lower-than-projected spending on both Aduhelm and other Part B items and services resulted in much larger reserves in the Part B account of the Supplementary Medical Insurance (SMI) Trust Fund, which can be used to limit future Part B premium increases.

[leftstreet]

5. I wonder how people will spend their $5.20

fascinating

[Kingofalldems]

6. Oh sarcasm.

[Elessar Zappa]

7. Well, it usually increases.

I’ll take a $5 decrease any day of the week.

[LoisB]

18. Amen to that.

[GoodRaisin]

25. Especially instead of a big increase.

[asiliveandbreathe]

8. Well it is a monthly decrease..$62.40 a year..

Gal gas in some states, loaf of bread, doz. eggs..a bottle of beer, glass of wine..

[leftstreet]

9. That's awesome! n/t

[LiberalFighter]

26. If it is a married couple it would be $10.40.

[Ms. Toad]

27. $68.40, if my quick calculations are accurate.

$5.20/month, plus another $6 from the deductible decrease.

Pretty soon it will be real money!

[ThoughtCriminal]

19. It is amazing that the cost of a single controversial drug was responsible

https://en.wikipedia.org/wiki/Aducanumab#Controversy

rug treatment is estimated to cost US$56,000 per year, and Biogen's CEO stated that they would maintain this price for at least four years.[59][60] In their 10 June 2021 article, Kaiser Family Foundation (KFF) researchers said that a conservative estimate of the cost to Medicare would be $USD29 billion in one year. This is based on 500,000 Medicare patients potentially receiving Aduhelm. To put this in perspective—in 2019, "total Medicare spending for all doctor-administered drugs reached $37bn."

[FSogol]

4. Thanks President Biden. n/t

[70sEraVet]

10. If it were RAISED $5.20 every RW news outlet would be HAMMERING on Prez Biden

A DECREASE? Not a peep!
They can't use the price of gasoline to complain of anymore.
I guess they're back to the cost of crudités.

[Cozmo]

11. This is incredible! Usually COLA increase is met with higher Medicare costs

Retirees at the GOP Villages in Florida should be made aware of this. They'd get nothing from their hero, tfg.

[doc03]

12. I am sure they will somehow credit TFG for it. nt

[jaxexpat]

13. Bingo! Usually the cola is totally or nearly wiped out by premiums increase.

This increase in funding accompanied by a decrease in give back to the healthcare industry is a HUGE TELL. New management is in charge and that's the message we should all acknowledge as the light at the end of this tunnel of pro greed authoritarianism.

[PoindexterOglethorpe]

14. No, the COLA is ton totally or nearly wiped out by premiums increase.

At least that hasn't been my experience in the 8 years I've been collecting SS.

[W_HAMILTON]

24. That is your experience, but it is not the rule.

I just went and checked the past few years of my mom's net Social Security after the COLA and change in Medicare premiums were factored in:

2018: +$05.00
2019: +$51.00
2020: +$03.00
2021: +$04.00
2022: +$52.00

[PoindexterOglethorpe]

29. So every year her monthly check increased

at least a little bit. And the increase next year is going to be the largest in a very long time.

[AllaN01Bear]

15. why do we even need these subparts anyway?

[leftstreet]

16. +1

Privatizing our healthcare just keeps getting normalized

[W_HAMILTON]

23. Medicare Part B has always been there.

It was included in the original Medicare legislation; a history: https://www.cms.gov/About-CMS/Agency-Information/History

[LoisB]

17. Thanks for posting this information.

[ProfessorGAC]

20. Our Supplemental Is Going Down, Too

Not much, but our agent says about $12 a month, each.

[Yo_Mama_Been_Loggin]

21. As one who recently enrolled in Medicare that's good news.

[Trueblue1968]

22. THANK GOODNESS. every little bit helps. my SS is only 800 a month

[progree]

28. So the 2-year increase from 2021 ($148.50) to 2023 ($164.90) is only 11.0%. /nt

[skennis1]

30. And the right's saying...

another reason to impeach him. (btw, thank you Joe)

[BumRushDaShow]

31. K&R for exposure