Let’s hope the 2014 Medicare premium rumor is dead

Now that we know the standard Medicare Part B premium for 2013 is $104.50, let’s hope the rumor that the 2014 premium will be $247 is gone for good.

Of course this was nothing but a rumor (probably intended to undermine Obamacare) from the start. There is nothing in the Affordable Care Act in any way related to the Medicare premium and the rate of increase in health care costs needed to reach $247 by 2014 was impossible.

To get from $104.50 to $247 means the premium must increase by 236% in one year… it ain’t gonna happen.

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