April 18, 2024

AndronETalksNews

AndronETalksNews

Biden Administration Hikes Medicare Premiums, Blames Drug Costs and Pandemic

The Epoch Times

By Zachary Stieber

November 13, 2021 Updated: November 13, 2021

 

President Joe Biden’s administration on Friday announced it is raising Medicare premiums, a move it blamed in part on the cost of drugs.

The Medicare Part B standard monthly premium will rise by nearly $22 to $170.10 next year, the Centers for Medicare & Medicaid Services said.

“The increase in the Part B premium for 2022 is continued evidence that rising drug costs threaten the affordability and sustainability of the Medicare program,” Chiquita Brooks-LaSure, administrator of the agency, said in a statement.

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