A massive increase in the out-of-pocket prescription drug costs for Colorado older adults is looming in the months ahead unless Congress steps in to fix the “out-of-pocket cliff ”. Many Medicare beneficiaries who have benefited from the Part D program have experienced a decrease in the cost of prescription drugs in the donut hole. The …
Tag: Affordable Care Act
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Apr 03 2017
ACA: How It Will Effect Medicare Beneficiaries
In 2028, Medicare Part A Health Insurance Trust Fund is projected to cover about 87% of the costs for hospital care, skilled rehabilitation, home health and hospice care. Without changes to the payroll taxes, it is projected that only 79% of the claims will be paid by 2040. Medicare Part B (physician and other services) …
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