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Medicare Part B premium 2020:
Rates and deductibles rising 7%
for outpatient care

Original Article

Posted By: Mushroom, 11/10/2019 9:04:35 AM

Medicare Part B premiums and deductibles for outpatient care will increase in 2020. The Centers for Medicare and Medicaid Services announced the new 2020 rates Friday. For about 70% of Medicare beneficiaries, the premiums will rise nearly 7% to $144.60 a month, up from $135.50 in 2019. The $9.10 monthly increase follows a smaller $1.50 rise this year. Upper-income retirees pay higher premiums and those rates also are going up. The annual deductible for Part B coverage, which covers doctor visits and outpatient care, also will go up by 7% to $198 in 2020, an increase of $13 from the annual deductible of $185 in 2019.


Remember that 1.6% Cola? There is still a bit left over. Mine is taxed, so There won't be much left at all. Gotta feed the bureaucrats!

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Reply 1 - Posted by: Dodge Boy 11/10/2019 9:38:02 AM (No. 231415)
Well, just great. I can hardly wait to see my retirement income shrink a little more.
6 people like this.

Reply 2 - Posted by: FunOne 11/10/2019 9:45:27 AM (No. 231422)
Any reduction planned for the freebies that the illegal aliens receive next year? Didn't think so, they are a protected democrat voter block.
13 people like this.

Reply 3 - Posted by: fayebeck 11/10/2019 9:57:08 AM (No. 231432)
I've heard it said that Americans will NEVER accept socialism.
6 people like this.

Reply 4 - Posted by: fayebeck 11/10/2019 9:57:58 AM (No. 231434)
Old folks already have.
6 people like this.

Reply 5 - Posted by: grayjay 11/10/2019 10:02:27 AM (No. 231440)
The sneaky thing Social Security and Medicare do is to deduct one's Medicare premium from the SS payment, such that most people never know what their Medicare premium is except annually when they get their letter from SS. Somewhat like deducting taxes from one's paycheck, so they are less aware of how much taxes they are paying.
12 people like this.

Reply 6 - Posted by: earlybird 11/10/2019 10:07:48 AM (No. 231445)
The government giveth, the government taketh away...
10 people like this.

Reply 7 - Posted by: DVC 11/10/2019 10:46:36 AM (No. 231475)
I REALLY wish I wasn't forced into this government scam system when I turned 65. I would have much rathered continued my existing private health care coverage. Since I retired several years before 65, this coverage was not through my employer and was a pre-Obama-ripoff plan which was just fine, although had a fairly high deductible, perfectly fine with me. For me, a low premium and high deductible is perfect. I only want coverage for an extremely expensive event, the more moderate items I can handle. It really bugs me when a procedure is billed for, say, $6500 and Medicare pays $821, and that's the end of it. This is why doctors can only afford to take a certain percentage of Medicare indigent plans, because they are ripped off by the government and have to make it up on the rest of their patients. If the leftist's latest horror show goes through, and all are on Medicare, it will rapidly collapse the entire health care system since ALL patients will be paying something like 15% of what the care actually costs.
6 people like this.

Reply 8 - Posted by: judy 11/10/2019 3:02:32 PM (No. 231655)
USA Today...It's better than the Obama years he eliminated the cost of living increase for 2 years, premiums were higher & he took billions from social security to fund Obamacare. . .
3 people like this.

Reply 9 - Posted by: judy 11/10/2019 3:06:05 PM (No. 231662)
Sorry USA Today The Center for Medicare & Medicaid Services do no have the authority to raise rates, it's Pelosi's house that did this.
5 people like this.

Reply 10 - Posted by: bpl40 11/10/2019 4:12:54 PM (No. 231701)
Underwent a cardiac procedure this year with following steps - Visit to Cardiologist for chest pains. EKG. - Nuclear stress test - Angiography. Installation of medicated stents - One night stay in hospital - Follow up cardiologist visit. The total bill hospital, doctors etc was $56,000. - If I was uninsured the bill would be $56,000 - My share with Medicare coverage $2250 - If I had private insurance it would be $5,000/6,000 or so - If I was an illegal alien $0.00. This is the perverted world the Democrats threaten to bring us to. That is why we support Donald Trump. And will unhesitatingly vote for him in 2020.
6 people like this.

Reply 11 - Posted by: DVC 11/10/2019 7:04:11 PM (No. 231779)
#11, there is an interesting added phenomonon, which I only have a couple of examples of, all second hand, but from trustworthy people. One was a friend who had no health insurance about 35 years ago. His wife delivered a premature child, and the bills were about $25K, IIRC at that time. He said he had no insurance but would pay if they could let him pay over time. They agreed and he got a "cash discount" to about $11K, which he paid out in monthly payments over a couple of years. More recently a friend had a friend of his visiting from RSA. She wanted to get some routine tests done while here, had no insurance, of course, worked it out inadvance to pay cash. She paid far below the normal billing numbers because my friend was writing a check for the entire procedure in advance. They LIKED that, from what he tells me, and when he asked for a discount, didn't bat an eye and offered a big one for prepaid, cash from a person without insurance. So... my take-home is that the prices are pretty flexible, and the numbers quoted in some bills are maybe not paid by a lot of folks. And real money, in hand, before services are rendered, so no waiting and no billing costs....are greatly appreciated and can get a substantial discount.
2 people like this.

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Posted by Mushroom 11/10/2019 9:04:35 AM Post Reply
Medicare Part B premiums and deductibles for outpatient care will increase in 2020. The Centers for Medicare and Medicaid Services announced the new 2020 rates Friday. For about 70% of Medicare beneficiaries, the premiums will rise nearly 7% to $144.60 a month, up from $135.50 in 2019. The $9.10 monthly increase follows a smaller $1.50 rise this year. Upper-income retirees pay higher premiums and those rates also are going up. The annual deductible for Part B coverage, which covers doctor visits and outpatient care, also will go up by 7% to $198 in 2020, an increase of $13 from the annual deductible of $185 in 2019.
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