🚨Why It Matters🚨 1. #Medicare is facing significant financial challenges and rising federal debt. 2. Enrollees across income levels receive far more in benefits than they pay in payroll taxes 3. Wealthy enrollees have 15%-65% of their #PartB costs subsidized by taxpayers

🔎What We Found🔎 Higher-income #Medicare beneficiaries are currently subject to higher premium payments. However, these “means-testing” policies apply to only about 8% of #PartB beneficiaries in 2024, who still receive significant govt subsidies for their health care costs.

#PartB premiums only cover about 25% of the program cost, with taxpayers picking up the rest. Initially, enrollee premiums covered ~50% of expected #Medicare Part B costs. Taxpayers are paying 15-65% of Part B costs for enrollees w/ income > $97k.

💰In 2023, only 7% of #Medicare Part B enrollees paid above the standard premium despite policies since 2007 that adjust premiums based on income. Wealthier enrollees continue to receive significant taxpayer subsidies for their coverage. #ParagonPIC #PartB

#PartB premiums only cover about 25% of the program cost, with taxpayers picking up the rest. Initially, enrollee premiums covered ~50% of expected #Medicare Part B costs. Taxpayers are largely subsidizing Part B costs – including 15-65% of costs for wealthier enrollees.

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Part B now accounts for nearly half of all Medicare expenditures. #PartB growth partly results from bad incentives created by misguided payment policies. By overpaying for certain outpatient services and drugs, Medicare significantly distorts the entire health care system

🚨Why it matters🚨 Every dollar overspent in Medicare #PartB is a dollar less for other public priorities. Unlike #PartA, Part B funding comes mostly from general revenues, not payroll taxes. This makes its rapid growth a direct hit to the budget deficit.

📈#Medicare's spending is outpacing its dedicated funding sources, and costs for every component are rising rapidly. #PartB spending soared by 82% from 2013 to 2022--predominantly driven by outpatient hospital services and drugs, which saw increases of 90% and 113%. #ParagonPIC

Another #340b myth busted: Medicare & its beneficiaries paid #hospitals $3.9 billion (+48%) more than #340b acq. cost for 189 #PartB #drugs. #BecauseOf340B, taxpayers & seniors *directly* funded #340b profit margins. @medicarepayment ==> drugch.nl/4cXf6A8

💥 #PopQuiz for #DiabetesAlertDay: Which #Medicare benefit pays for #Insulin? 🤔 ☐ #PartB ☐ #PartD ☐ Both ☐ Neither What about lancets and blood sugar monitors? 🩸 We sort it out.👇 bit.ly/3xbpALW

Medicare Part B covers outpatient care, including doctor visits, therapies, and more. Make sure you're making the most of your coverage! #MedicareEducation #PartB

FAQs on FORM 16 #FORM16, #IncomeTaxAct1961, #FAQs, #employers, #TDS, #salaryincome, #taxdeductions, #financialyear, #taxliabilities, #reconciliation, #PARTA, #PARTB, #proofofincome, #errorsrectification, #onlinedownload, #multipleemployers thetaxguyin.wordpress.com/2024/03/17/faq…

#Medicare #PartB providers and suppliers adversely affected by the @Change_HC #cyberattack may soon apply for advanced payments @CMSGov announced. See the details on our live resource page ow.ly/oWEZ50QQzGR

#PartD redesign under the #IRA may have impacts for physician-administered drugs. #AvalereExperts spoke to @PharmaPinkSheet about how redesign-related enrollment shifts towards #MedicareAdvantage could spur increased uptake of #PartB drugs: pink.citeline.com/PS149730/Sleep…

#DisputeResolution Parent Guide Videos are Now Available in Korean- CADRE’s Dispute Resolution Parent Guides for #IDEA #PartB Dispute Resolution are available in 13 languages. cadreworks.org/resources/cadr…

Worth the wait. What drama what performance 🥹 poetic ending. #PartB

listener @vaniarun18

7 months ago

Worth the wait. What drama what performance 🥹 poetic ending. #PartB

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