Originally published November 23 2003
Medicare costs to continue rising
by Mike Adams, NaturalNews Editor
Health care keeps getting more expensive. Why? Mostly because our system is a highly inefficient bureaucracy. For every dollar spent on health care, seventy cents pays for paper pushers.
- The monthly Medicare premium paid by most older Americans will
increase by 13.5 percent next year, Bush administration officials said
today.
- The premium for Medicare Part B, which covers physician services,
outpatient hospital services, durable medical equipment and some home
health care, will go up $7.90, to $66.60 a month, for 2004.
- Most Medicare beneficiaries do not pay a premium for Part A services,
which includes coverage of inpatient hospital stays, because they have
40 quarters of Medicare-covered employment.
- Under the formulas, the Part B premium must cover 25 percent of the
Medicare program's estimated costs for enrollees who are 65 and older.
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