Alarm Sounds on Medicare Premium Hikes

Alarm Sounds on Medicare Premium Hikes
AP Photo/Houston Chronicle, Billy Smith II

Advocates and lawmakers are gearing up for an effort to prevent Medicare premium increases next year. 


The federal government on Tuesday announced a very small cost of living increase for Social Security checks next year, just 0.3 percent. Because of the complex formulas that factor this increase into Medicare, that means that about 30 percent of Medicare beneficiaries could see an increase in their Part B premiums next year. 



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