What is President Obama’s plan for Medicare—Obamacare’s changes and beyond?
Heritage has a new Issue Brief, “Obama’s Medicare Plan: Seniors Will Pay More,” that details the future increases in out-of-pocket costs for seniors under current law and President Obama’s 2013 budget proposal.
Over the next five years, under current law, seniors in traditional Medicare are projected to face higher Part B and D premiums, along with other out-of-pocket cost increases. Instead of structurally reforming Medicare, President Obama’s 2013 budget proposal would raise premiums even further for upper-income enrollees in Parts B and D, while also imposing additional deductibles and co-payments (in certain cases) on newly joining baby boomers beginning in 2017.
“Obama’s latest budgetary scheme for cost-shifting to seniors is just another indication that the Administration and its allies on Capitol Hill are running out of options,” the authors write.