Biden Administration Hikes Medicare Premiums, Blames Drug Costs and Pandemic

President Joe Biden’s administration on Friday announced it is raising Medicare premiums, a move it blamed in part on the cost of drugs.

The Medicare Part B standard monthly premium will rise by nearly $22 to $170.10 next year, the Centers for Medicare & Medicaid Services said.

Biden Administration Hikes Medicare Premiums, Blames Drug Costs and Pandemic

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