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
Fenway Guide to Lesbian, Gay, Bisexual, and Transgender Health, 2nd Edition
This new edition reflects recent clinical and social changes and continues to present the important issues facing practitioners and their LGBT patients. Read more about the Guide. Also see ACP’s recent policy position paper on LGBT health disparities.
Join Us in Washington, DC for the Most Comprehensive Meeting in Internal Medicine
Register now and enjoy:
Discounted rates, the best national faculty, a wealth of clinical and practice management topics and hands-on sessions! Learn more about the meeting.