Medicare Part B premiums to jump 10% in 2001
Medicare Part B premiums will rise $4.50, or 10%, next year to $50 a month, the largest increase in recent years.
HHS said that the increase reflects rising health care costs and legislative initiatives that will increase Part B spending. The Part B premium covers physician services, hospital outpatient care, durable medical equipment and other services outside of hospitals.
The increase follows a period of relatively flat premiums. There was no increase in Part B premiums last year, an increase of $1.70 in 1999 and no increase in 1998. Accounting for inflation, Part B premiums have risen by less than a dollar since 1994.
HHS also announced that the Part A deductible for inpatient hospital care will rise $16 to $792, an increase of 2%.
Analysts said they are concerned that the increase in Part B premiums comes at a time when elderly people face increases in other health care expenses like prescription drug costs, co-insurance payments and Medicare supplemental policy premiums.
More on Medicare premium increases is on the Web at www.hhs.gov/news/press/2000pres/20001018.html.
Internist Archives Quick Links
New Leadership Webinars
The ACP Leadership Academy is offering FREE webinars covering the core tenets of leadership, leadership in hospital medicine, finance, and more.
Join ACP Today!
ACP membership connects you with like-minded colleagues and provides access to a variety of clinical resources, practice tools, and ways to earn MOC and CME.