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Insider’s Report: Medicare Recipients Won’t See Part B Premium Cut Until 2023
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Health and Human Services Secretary (HHS) Xavier Becerra announced that Medicare recipients will receive a Medicare Part B premium lower than it otherwise would have been, given the overestimate in costs of covering a controversial new Alzheimer’s drug called Aduhelm.
According to HHS Secretary Becerra, the agency is prevented from issuing a mid-year cut to the Medicare Part B premium given legal and operational issues.
As you know, the arrival of Aduhelm, originally priced at $56,000 per year (and later lowered to $28,200), contributed to the highest increase in Medicare Part B premiums in recent history. Most beneficiaries have seen their monthly premiums jump from $148.50 to $170.10 this year.
Once the Centers for Medicare and Medicaid (CMS) made a final decision to limit coverage of Aduhelm, HHS Secretary Becerra ordered CMS to review the hefty Medicare Part B premium increase.
Since the premium hike was announced, the National Committee has urged Congress, President Biden and Administration officials to intervene to lower the Part B premium increase.
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| Seniors Need a Social Security Advocate |
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The National Committee is urging President Biden to establish a “Beneficiary Advocate” position within the Social Security Administration (SSA). While the National Committee recognizes that every SSA employee is inherently an advocate for beneficiaries, we believe that an office of “Beneficiary Advocate” would greatly assist beneficiaries by providing an independent voice within the agency representing beneficiaries, and by elevating and highlighting systemic problems interfering with access to benefits and services, similar to the work that has been superbly provided by Taxpayer Advocate’s office for the Internal Revenue Service.
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| Ask Web |
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Our resident Social Security expert, Webster Phillips — a Senior Policy Analyst for the National Committee and a 31-year veteran at the Social Security Administration — is here to answer your questions about Social Security.
You can either search our archives for valuable advice on a broad range of concerns or submit your question here.
This week's question is: My husband and I ran a construction company for 20 plus years. After he had a heart attack, we had to close down. We always filed jointly as a married couple, but his Social Security benefit is almost twice what I get. Why?
Click here to read the answer.
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| Take Our Poll |
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Have you experienced any difficulty accessing essential customer service from your local Social Security Administration field office (i.e., have you experienced long wait times or an excessive delay in a Social Security Disability hearing)?
Take our poll now!
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Ask Web
Whether you’re currently retired or approaching retirement, we can help answer your questions and provide valuable advice on Social Security. |
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Join Now
Your support sustains our campaigns in Washington to protect and strengthen Social Security and Medicare. |
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Aging, Health and Care
Find useful resources on everything from caregiving and hearing care to long-term care and transportation. |
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| Rick Scott Makes a Bad Idea Even Worse |
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NCPSSM President and CEO Max Richtman explains the latest in a series of dangerous proposals that threaten seniors' earned benefits. (May 24, 2022, KAZM, Radio interview with NCPSSM President & CEO Max Richtman)
Listen Here →
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| MA Plans Show Why Privatizing Medicare is Dangerous |
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NCPSSM Director of Government Relations and Policy Dan Adcock explains why Medicare Advantage is part of a slippery slope toward privatization of the Medicare program. (May 24, 2022, WVMT, Radio interview with NCPSSM Director of Government Relations and Policy Dan Adcock)
Listen Here →
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| Medicare recipients to see premium cut — but not until 2023 |
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Medicare recipients will get a premium reduction — but not until next year — reflecting what Health and Human Services Secretary Xavier Becerra said on May 27, 2022 was an overestimate in costs of covering an expensive and controversial new Alzheimer’s drug. (May 27, 2022, Associated Press)
Read More →
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| Social Security Administration Cuts Hurt Every State |
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SSA has been forced to shutter field offices and shrink its staff, leading to longer waits for service and growing backlogs. While the overall effect is a decline in service nationwide, the effects of the cuts vary considerably by state. (May 26, 2022, Center on Budget and Policy Priorities, Kathleen Romig)
Read More →
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