There is an e-mail circulating around claiming that as a result of Obamacare, Medicare’s insurance premium will more than double in two years, to $247 a month by 2014!
This is the version of the e-mail (colored teal-blue) I received:
A message from Blue Cross Blue Shield
Professor Emeritus John W. Hill, JD, PhD
Kelley School of Business, Indiana University
Look clearly at the 2014 rate compared to the 2013 rate.
For those of you who are on Medicare, read the following. It’s short, but important and you probably haven’t heard about it in the Mainstream News:
“The per person Medicare Insurance Premium will increase from the present Monthly Fee of $96.40, rising to:
$104.20 in 2012
$120.20 in 2013
$247.00 in 2014.”
These are Provisions incorporated in the Obamacare Legislation, purposely delayed so as not to confuse the 2012 Re-Election Campaigns. Send this to all Seniors that you know, so they will know who’s throwing them under the bus.
So I first went onto the Indiana University’s website to look for a Professor Emeritus John W. Hill. (The emeritus title means retired.) I found a John Hill, who’s an active and very non-retired Professor of Accounting and Arthur M. Weimer Chair of Business Administration. Here’s his contact info:
Campus address: Room 478, Business School.
Then I went on the BlueCross BlueShield of Alabama website:
- I searched for a “Peggy Riehle” or “Peggy Riehl” who the e-mail claims is BC BS of Alabama’s “Internal Representative of Network Contracting,” but my search produced no result.
- I also searched for information on increases in Medicare Insurance Premium on the website but found nothing.
I then did a search on the Internet for “Medicare insurance premium increases” and found this on the Truth or Fiction website:
Medicare Premium Increases
On October 19, 2009, the New York Times reported that there would be an increase to Medicare Part B premiums from $100 to $115, a 15% increase. The Times article said, “About 12 million people, or 27 percent of Medicare beneficiaries, will have to pay higher premiums or have the additional amounts paid on their behalf.”
On November 5, 2010, the Social Security Administration published a report of increases of Medicare premiums that said that depending on what plan participants are enrolled, the increases would vary. These policies were enacted while the 111th Congress, under the leadership of Nancy Pelosi, was in session. The Republican majority led 112th House did not take office until January 3, 2011, months after the changes to Medicare were enacted.
For the most part, increases in premiums affect Medicare participants of Part B. The report said, “Most beneficiaries will continue to pay the same $96.40 or $110.50 premium amount in 2011. Beneficiaries who currently have the Social Security Administration (SSA) withhold their Part B premium and have incomes of $85,000 or less (or $170,000 or less for joint filers) will not have an increase in their Part B premium in 2011.”
It went on to say, “For all others, the standard Medicare Part B monthly premium will be $115.40 in 2011, which is a 4.4% increase over the 2010 premium. The Medicare Part B premium is increasing in 2011 due to possible increases in Part B costs. If your income is above $85,000 (single) or $170,000 (married couple), then your Medicare Part B premium may be higher than $115.40 per month.”
TruthOrFiction.com has not found any evidence that the Social Security Administration has announced any future increases to Medicare premiums.
This is what FactCheck.org says:
Q: Will the new health care law raise Medicare’s basic monthly premium to $247 in 2014, as a viral message claims?
A: No, Medicare officials project the basic premium will be less than half that. But the law will eventually cause 14 percent of seniors with incomes over $85,000 a year ($170,000 for couples) to pay higher “income-related” premiums, up from 5 percent currently.
To conclude, it won’t surprise me a bit if Medicare and other health insurance premiums will increase as a result of Obamacare. However, I cannot verify the claims made by the circulating e-mail that Medicare insurance premium will more than double from 2012 to 2014.