Biden Administration Hikes Medicare Premiums

Tue, 11/16/2021 - 05:34

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The Biden administration announced on Nov. 12 that it’s raising Medicare premiums, a move that it blamed in part on the cost of drugs. The Medicare Part B standard monthly premium will rise by nearly $22 to $170.10 in 2022, according to the Centers for Medicare & Medicaid Services (CMS). “The increase in the Part B premium for 2022 is continued evidence that rising d...

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