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Report: Out-of-Pocket Medicare Costs Double Under Republican Plan
More details out today on how the Republican move to balance the federal budget by ending Medicare would cost seniors a lot. A new state-by-state analysis by the U.S. Congress Joint Economic Committee (JEC) finds that annual out-of-pocket Medicare health care costs will more than double in every state for seniors turning 65 in 2022 under the Republican budget plan. Seniors living in Florida would be the hardest hit with a $7,383 jump in medical costs, the JEC estimates.
The report also shows that current Medicare beneficiaries will be harmed by the Republican budget, immediately losing preventive services such as mammograms and facing higher prescription drug costs. The Republican plan also would reopen the donut hole, the gap in Medicare Part D that had forced beneficiaries to pay 100 percent of their drug costs after they exceeded an initial coverage limit and until they qualified for catastrophic coverage.
Sen. Bob Casey (D-Pa.), chairman of the JEC, says:
If Republicans have their way, traditional Medicare will no longer exist in 2022. Instead, our elderly will get a voucher to purchase private insurance, but the voucher won’t keep pace with health care costs. The result would be a staggering increase in out-of-pocket costs beginning in 2022. Our elderly Americans cannot afford to have their health care expenses double, but that’s exactly what the Republican plan delivers.
Click here for the state-by-state breakdown of the increase in out-of-pocket health care costs.
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5 Comments
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I suspect “estimates” on the low side. Medical care inflation in a decade is by itself doubled last decade
The biggest problem iwth medi-care is not the recipients, it is the thieves who push unneeded services and medical devices on the elderly. They cost untold billions each year.
I would like to know “How many millionaires do we add each year in this country?”
The Republican “carrot” is that “you, too, can become a millionaire.” How many people fall for this? There is no reason for anyone who earns lesds than $150,000 a year becoming or remaining a Republican. Most of us are stopped dead in our tracks with our earnings not keeping pace with expenses. (I will not do it the dignity of saying “inflation” because that is such a psuedo, trumped up economic indicator that it has absolutely no value.
As a member of “the elderly,” I resent the animals of this country that get in the henhouse and who have access to this website and spout their venom. I rather appreciate the lengths to which my doctor(s) goes/go to help me remain a viable part of humanity. If that bothers those animals, they can always decline the services being offered.
well you can tell who they are for, and it is not for the common people, how very sad what has this world become???????? there is some sick puppies in congress. they will answer to some one higher than us, i hope im there when that happens.
Oh that is a real shocker.