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By the Numbers: Medicare Costs for Seniors to Rise Under President's Plan

Posted By Sarah Morris On November 5, 2012 @ 1:41 pm In Featured,Obamacare,Scribe | Comments Disabled


Under current law, as amended by Obamacare, seniors enrolled in traditional Medicare can expect to face higher Part B and Part D premiums. Moreover, President Obama has planned in his 2013 budget proposal to increase income-related Part B and Part D premium coverage by 15 percent. As a result, out-of-pocket costs are expected to rise by 2017 under the president’s budget proposal.

Under Obama’s plan, “seniors will pay more — a lot more — and they will pay this steep price in many different ways,” Heritage’s Robert E. Moffit, Rea S. Hederman and Alyene Senger explain in a new paper analyzing the impact on seniors [1].

Americans may have diverse opinions on Medicare reform but what remains certain is that Medicare “as we know it” is already a thing of that past.

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2012/11/05/by-the-numbers-medicare-costs-for-seniors-to-rise-under-presidents-plan/

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[1] Image: http://www.heritage.org/research/reports/2012/11/obama-s-medicare-plan-seniors-will-pay-more

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