Medicare needs reform….all these old people living in Florida…they run to the doctor for every little thing…for some it a way to get out…no out of pocket cost in most cases..golfers are the worse run to the Orthopedic doctor…and then rehab..most of the time all they need is rest for their shoulder or back
Medicare, like SS, is a pay as you go system. Today's workers pay for today's retirees. In 1950 there were 16 workers for every retiree; today it is three workers; and by 2030 there will be two workers for every retiree. People are living longer. Medicare has been running in the red since 2008.
In 2014, Medicare provided health insurance coverage to 53.8 million people at a cost of $613 billion – roughly the GDP of Argentina. The average value of the Medicare benefit per enrollee was $12,432, about 2 percent higher than last year.
But the report warned that several million Medicare beneficiaries could see their Medicare Part B monthly premiums skyrocket by 52 percent in January — from $104.90 to $159.30. Medicare Part B, which is paid for by a combination of federal funds and beneficiary premiums, generally covers physician and outpatient costs.
The huge rate hike is predicted because of a confluence of two factors: Medicare Part B costs increased more than expected last year, and Social Security is not expected to have a cost of living increase next year. By law, the cost of higher Medicare Part B premiums can’t be passed on to most Medicare beneficiaries when they don’t get a Social Security raise. As a result, the higher Medicare costs have to be covered by just 30 percent of Medicare beneficiaries. This includes the 2.8 million Medicare enrollees new to the program next year, 3.1 million Medicare beneficiaries with incomes higher than $85,000 a year and 1.6 million Medicare beneficiaries who pay their premium directly instead of having it deducted from Social Security. An additional 9 million people affected by the higher rates are so called “dual eligibles” — those on Medicare and Medicaid. States pay the Medicare Part B premium for duals.
Medicare needs reform….all these old people living in Florida…they run to the doctor for every little thing…for some it a way to get out…no out of pocket cost in most cases..golfers are the worse run to the Orthopedic doctor…and then rehab..most of the time all they need is rest for their shoulder or back
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20% co pay, that’s after you have paid the deductible, which is somewhere around $150 per annum. An exception would be if their secondary insurer paid the balance but mnay secondary policies have substantial deductibles too.