House Bill Would Increase Medicare Premiums for Wealthy Seniors

House Republicans plan to propose a gradual increase in Medicare premiums for the wealthy to offset the cost of renewing Social Security payroll tax cuts and long-term unemployment benefits, according to a CBS News report.

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Though no final decision has been made on the plan, House Republicans have been working out the details in recent days. The proposal would require seniors earning more than $750,000 to pay more for Medicare Part B, which covers physician office visits and other costs apart from hospitalization.

According to the CMS website, monthly Part B premiums will reach $99.90 in 2012 for beneficiaries who make $85,000 or less a year. The cost rises gradually based on income, reaching $319.70 for those who make more than $214,000 annually.

The GOP also plans to float a provision to avoid a 27 percent cut in payments to physicians who treat Medicare payments.

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https://www.beckershospitalreview.com/racs-/-icd-9-/-icd-10/medicare-prepayments-for-heart-orthopedic-procedures-limited-to-florida.html

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