Seniors Are Paying For Medicare Budget Cuts
Many senior citizens are now paying out of their own pockets for a 2 percent cut in federal Medicare reimbursements to doctors, hospitals and health insurance companies. Beginning Jan. 1, seniors enrolled in certain Medicare Advantage Plans – including some zero premium plans- started paying an additional $16 or $17 monthly to absorb a 10-year, 2 percent cut mandated by the Budget Control Act of 2011. This was extended 2 years in December by Congress passing a replacement measure...Read More
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