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A 2023 KFF survey found only 34% of people 65+ knew there’s a federal law (2022’s Inflation Reduction Act) that limits out-of-pocket prescription drug costs for people with Medicare.
In the new Commonwealth Fund survey, 12% of people with Medicare Advantage said they couldn’t afford care because of co-payments or deductibles vs. just 7% of people with Traditional Medicare.
UnitedHealth Group, the largest Medicare Advantage provider with 7.6 million people in its plans, generated $257 billion in premium revenues in 2022, some 13% over the previous year.
Will Medicare's so-called "donut hole" still exist? No, according to Medicare. "Because of the prescription drug law, the coverage gap ends on Dec. 31, 2024," its website states .
The standard Part B monthly premium rose from $174.70 in 2024 to $185.00 in 2025. ... Original Medicare's cost and coverage change annually. ... as well as money that anyone else, including ...
You may have heard that Medicare is expected to run out of money in 2031, about eight years from now. Although that’s not exactly true, the program is facing serious headwinds that should ...
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Original Medicare. 2024 cost. Part A. $0 in most cases, thanks to Medicare taxes from working 10 years or more. Part A deductible. $1,632 for every hospital benefit period, without any limits ...