American College of Physicians: Internal Medicine — Doctors for Adults ®

Advertisement

Medicare Part B premiums to jump 10% in 2001

From the December 2000 ACP-ASIM Observer, copyright © 2000 by the American College of Physicians-American Society of Internal Medicine.

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.

This is a printer-friendly version of this page

Print this page  |  Close the preview

Share

 
 

Internist Archives Quick Links

What will you learn from your Annals Virtual Patient?

Reviews of the World's Top Medical Journals—FREE to ACP Members! Annals Virtual Patients is a unique patient care simulator that mirrors real patient care decisions and consequences. CME Credit and MOC Points are available. Start off with a FREE sample case. Start your journey now.

Products and Resources for Patients

Products and Resources for PatientsACP has developed easy- to-use materials designed to help educate your patients on self-management of a wide variety of common health conditions. Order yours today!