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Medicare Premium Increase Means Trouble for Seniors, States and Workers

EmergencyA large portion of Medicare recipients and individual States should ready themselves for what should not be all that shocking: Obamacare didn’t bend the cost curve down – at all. Medicare premiums for 2012 are set to rise to $113.80 per month, an almost 20% increase over the $94.60 2011 premiums,  which will hit fixed-income earners and cash-strapped States with an increasing burden.

Social Security recipients will be the first hit. As an Associated Press wire reported, the first COLA increase in years will likely be wiped out by increasing health care premiums.

“The government is projecting a slight cost-of-living adjustment for Social Security benefits next year, the first increase since 2009. But for most beneficiaries, rising Medicare premiums threaten to wipe out any increase in payments, leaving them without a raise for a third straight year.”

Secondly, those low-income earners on Medicaid will not be hit with the increasing premium – it will instead be passed on to the state providing the Medicaid. This will cause a pass-thru cost to state income and sales tax payers. As almost all states are facing tremendous shortfalls due to entitlement mismanagement such as this, more and more costs will be passed on to taxpayers and more services will have to be cut to avoid default.

In 2010, Medicare premiums were the same as they were in 2009. All this before Obama’s health care reform was passed. Now that we’ve had more than a year of liberal health care planning and management, a 20% increase in premiums comes due and Donald McLeod from the Center for Medicare and Medicaid Services hinted that even the Obama administration wasn’t prepared for the increase. Mr. McLeod pointed out that the President’s budget projected Medicare premiums to be $108.20, not the $113.80 that CMS expects.

 

Rich Mitchell is the Sr. Managing Editor of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and google+
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Comments (26)

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  1. nan says:

    We bought a house, in South Texas and hired some locals to do some remodeling. I couldn’t believe how many wanted to be paid in cash because they were on disability! One was a hod carrier because of a bad back! Right!

  2. How many of you voted for this change, Not me. The ones that was hit the worst is the elderly, vets, and military. The politicians ALL are excempt. plus receive FREE health care. Cant afford a vacation, ask oboma how, he has spent 12 million dollars on vacations in three years, raised the debt another 3 TRILLION dollars.Just wait untill the idiots vote him in again
    Bill

    • Max says:

      “The politicians ALL are excempt. plus receive FREE health care.”

      We need “single” term limits, to stop the corruption at tax-payer expense. One term will eliminate the unproductive nature of a system in which all politicians work harder to get themselves re-elected than they do in solving the nations problems.

      And by the way, I love your exempt statement. It’s exactly right, they get everything free, including booze on Air Force flights. They don’t pay to register their “issued” gov’t vehicles, they don’t pay for gas, they don’t pay for plane fare, they don’t pay for dinner, they don’t pay for squat. All of their opulence is paid for by the rest of us.

      • roger says:

        why is it people forget that bush did not pay for allot of both those wars, and that it came to be durning this curreent admin. im not either, both of theses partys are corrupt to the hilt. when you all step back and really see whats going on you will be astonished and what you see.. go ahead, beleive everything you see or hear on tv with out really digging up the facts. they all know that most americans wont do that, and just beleive what there told. its a shame we have turned to this..
        well guess what its coming hard and fast..i see the writing on the wall..

  3. Mary says:

    When is Social Security going to start re-evaluating “disabled persons” that are not really disabled. There are
    thousands of them. Just think about it. If you go on SS in your 30′s or 40′s & have a family, you not only receive more each month bu you are on SS for 30 to 40 years longer.

    • DJ Redman says:

      Very good point Mary. I saw a 22 yr old lady on TV telling the reporter when asked what she did for a living state: “I am on SSI disability for ‘severe asthma’ “, while there was a pack of those mini cigars sticking up out of her purse. Even if they were her boyfriend’s, which I highly doubt, it must be rough breathing in all that 2nd hand cigar smoke with such “severe asthma.” I saw a report by the I.G. that said as many as 55% of all SSI disability cases involve some type of fraud. The case mentioned above backs up that statement.