THE SHOT HEARD AROUND THE WORLD.
https://www.cnbc.com/2021/11/12/medicare-standard-part-b-premiums-for-2022-jump-by-14point5percent-.html
PERSONAL FINANCEMedicare Part B premiums for 2022 jump by 14.5% from this year, far above the estimated rise in cost
PUBLISHED FRI, NOV 12 20216:00 PM EST Sarah O’Brien @SARAHTGOBRIEN
o The standard premium for Part B will be $170.10 next year, far above the earlier estimate of $158.50.
o The jump is attributed to several different factors.
o The deductible for Part B will be much higher as well.
https://finance.yahoo.com/news/medicare-part-b-premium-jumps-033533728.html
https://www.upi.com/Top_News/US/2021/11/13/Medicare-Part-B-premiums-increase-2022/4341636813488/
Nov. 13 (UPI) – The Biden administration has announced that Medicare Part B premiums will increase 14.5% in 2022.
The 14.5% increase will raise the standard monthly premium from $148.50 this year to $170.10 in 2022, according to the Centers for Medicare & Medicaid Service.
The increase is higher than an earlier estimate of $158.50 for the standard premium for 2022, CNBC reported.
The Medicare Part B annual deductible will also increase in 2022 to $233 from $203 this year, according to CMS' latest announcement.
"Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A," the CMS said Friday.
The CMS blamed the price hike on rising prices and utilization of the healthcare system, congressional action that limited the increase in the 2021 Part B premium, and the possibility of having to cover patients treated with Aduhelm, a "high-cost" drug to treat Alzheimer's disease.
The Food and Drug Administration approved Aduhelm in June. The drug manufactured by Biogen was the first approved for the debilitating form of dementia since 2003, but some experts have argued that there is insufficient evidence it helps patients with the disease.
Starting in October, average benefits for food stamps
— officially known as the Supplemental Nutrition Assistance Program, or SNAP
— will rise more than 25 percent above pre-pandemic levels. … The increase coincides with the end of a 15 percent boost in SNAP benefits that was ordered as a pandemic protection measure.Aug 16, 2021
https://apnews.com/article/health-coronavirus-pandemic-f51d32a6830fe74b8bc06fcf99c57f71#:~:text=Starting%20in%20October%2C%20average%20benefits,percent%20above%20pre%2Dpandemic%20levels.&text=The%20increase%20coincides%20with%20the,as%20a%20pandemic%20protection%20measure.