Record Hike In Medicare Costs
AP) Medicare premiums for doctor visits will rise 17 percent next year, the largest increase in the program's 40-year history, the Bush administration said Friday.
The increase reflects rapidly rising health costs and last year's Medicare overhaul, said Dr. Mark McClellan, administrator of the federal Centers for Medicare and Medicaid Services.
Premiums have been increasing at an accelerating pace in recent years, rising 13.5 percent this year and 8.7 percent the year before that.
Those premiums were set at $3 a month when Medicare began in 1967.
In addition, the deductible for Part B services will rise $10 next year, to $110, another change mandated by the Medicare law.
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