2023 Medicare Part B Premium Increase May Be Mitigated - Motley Fool

It’s too early to say for sure, but the 2023 increase to Medicare’s Part B premium may be somewhat mitigated, or perhaps even zero, as a result of the Centers for Medicare and Medicaid Services (CMS) overestimating Medicare costs for 2022. The whopping 14.5% Part B premium increase for 2022 was partially predicated on expenses for a new drug to treat Alzheimer’s disease – an expense prediction which proved untrue, and Medicare treatment expenses which will not be incurred in 2023. As a result, the 2023 Part B premium will, according to CMS, be “adjusted downward” to pass the savings long to beneficiaries. Although it’s too early to provide specific information, that’s good news for those who pay a monthly premium for their Medicare Part B (coverage for outpatient healthcare services), as explained in this Motley Fool article by Keith Speights. Click here to read more.

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