The details are starting to get out about how seniors will be paying for Obama gutting 716 million from Medicare so that he can make ObamaTax look less expensive. And as always with Obama, it's got it's class warfare built in.
*********************************************************
Obama Medicare Plan: No Voucher But Maybe A Bill
By RICARDO ALONSO-ZALDIVAR 09/23/12 08:22 AM ET EDT
WASHINGTON He'll never turn Medicare into a voucher, but if you are lucky enough to be financially comfortable in retirement, odds are you'll pay higher premiums under President Barack Obama's plan. It's not just the 1 percent who'll feel the pinch.
And take note, baby boomers: The Medicare you get won't be quite as generous as what your parents' generation enjoys. A higher deductible here, a new co-payment there, and the tweaks add up.
ome Medicare questions for consumers to watch, along with answers from the Obama campaign and the views of several experts:
Q: What new costs can seniors expect under Obama's plan for Medicare?
A: You may need a CPA degree to understand the complicated details of changes proposed by the president.
Broadly speaking, Obama would raise monthly premiums for retirees making $85,000 or more ($170,000 for married couples). He also would hit newly joining baby boomers with a series of fees.
Currently only about 5 percent of beneficiaries pay higher, income-based monthly premiums for outpatient coverage under Medicare Part B and even fewer pay higher premiums for prescription drug coverage.
Under Obama's proposal, a growing share of seniors would pay the higher premiums over time. He'd also bump up the premiums paid by higher-income beneficiaries by 15 percent.
Obama Medicare Plan: No Voucher But Maybe A Bill
*********************************************************
Obama Medicare Plan: No Voucher But Maybe A Bill
By RICARDO ALONSO-ZALDIVAR 09/23/12 08:22 AM ET EDT
WASHINGTON He'll never turn Medicare into a voucher, but if you are lucky enough to be financially comfortable in retirement, odds are you'll pay higher premiums under President Barack Obama's plan. It's not just the 1 percent who'll feel the pinch.
And take note, baby boomers: The Medicare you get won't be quite as generous as what your parents' generation enjoys. A higher deductible here, a new co-payment there, and the tweaks add up.
ome Medicare questions for consumers to watch, along with answers from the Obama campaign and the views of several experts:
Q: What new costs can seniors expect under Obama's plan for Medicare?
A: You may need a CPA degree to understand the complicated details of changes proposed by the president.
Broadly speaking, Obama would raise monthly premiums for retirees making $85,000 or more ($170,000 for married couples). He also would hit newly joining baby boomers with a series of fees.
Currently only about 5 percent of beneficiaries pay higher, income-based monthly premiums for outpatient coverage under Medicare Part B and even fewer pay higher premiums for prescription drug coverage.
Under Obama's proposal, a growing share of seniors would pay the higher premiums over time. He'd also bump up the premiums paid by higher-income beneficiaries by 15 percent.
Obama Medicare Plan: No Voucher But Maybe A Bill