All things considered, the news regarding your Medicare costs next year is pretty good. For about 70 percent of the nation's 52 million Medicare beneficiaries, there will be no Part B premium increase in 2016.
Every year but two for the last 40 years, people have seen a cost-of-living increase in their Social Security checks, an inflation adjustment. But, they will see no increase at all in their Social Security benefit in 2016.
Decades of research consistently demonstrate that Medicare pays too much for medical equipment. The competitive bidding program is a triple win: lower costs for older adults and people with disabilities, the right prices for Medicare and a better deal for American taxpayers.
The president opened last week's State of the Union address calling for "modest" changes to contain Medicare costs. Yet, there is little consensus among lawmakers on what to do about Medicare. As this discussion unfolds, Congress must remember three key Medicare facts.
We hear a lot about how Medicare spending is out of control and will bankrupt the federal government if left unchecked. Against that backdrop, a report issued by the Department of Health and Human Services today includes findings that might surprise some people.
That a hospital would be willing to pay nearly $9,000 more for a product than another is unbelievable. Seriously: you shouldn't believe it. No hospital would willingly do this, if they knew what the going rate for these devices was.
The latest budget proposal to raise the age of Medicare eligibility is a proposal to increase health care costs to our children and grandchildren by $2.7 trillion. The idea that this cut is being presented as somehow helping our children is a sick joke.