2018 Medicare Changes

2018 Medicare changes are modest. But the Republican tax bill could change all that.

Medicare Part B has a premium and most people have been paying $109 because they’ve been on Medicare for many years.  Some of those people will be shocked to learn their Part B premium is going up to $134.

Because everyone collecting Social Security will get a 2% raise in 2018, their Medicare Part B premium can go up by that amount in 2018 – but they won’t pay more than $134.

People who were new to Medicare in 2017 have been paying $134 for Part B of Medicare. Their premium will remain $134 for 2018.

People with income below $1,377 (single) or $1,847 (couple) can get their state to pay their Part B premium. This is called the “Medicare Savings Program” and it can be applied for through each state’s Medicaid office or website.

The deductible for Medicare Part B is not changing for 2018. It will remain $183.  This is good news for people with a Plan G Medicare supplement, or a Plan N because those supplements do not cover the Part B deductible.

2018 Medicare changes could be dramatic if the Republican tax bill goes through.

Republicans are working on tax cuts that will total billions of dollars (actually trillions of dollars over the next ten years). That means less revenue for the government – and that will result in a growing deficit.

The government can just borrow more money, right?

WRONG!

2018 medicare changes

Republican tax cuts will force cuts to Medicare.

In 2010, Congress passed a law (called “paygo”) that said all tax cuts must be matched by cuts to government spending.  Here is how Business Insider explains what will happen to Medicare.

The CBO said Paygo would force a cut of $25 billion from Medicare [in 2018]  — the maximum amount allowable — and then cuts totaling “between $85 billion to $90 billion” from other programs like the federal student-loan program and farm subsidies.

According to the CBO, since the GOP’s Tax Cuts and Jobs Act is expected to add roughly $1.5 trillion in new debt over the next 10 years, Paygo would force spending cuts of $150 billion a year on average to offset the reduced revenue.

The $25 billion in cuts to Medicare would be made in 2018 and then another $25 billion would have to be made in 2019, 2020, and beyond.  The total cuts to Medicare could be over $300 billion.

But where will the cuts be made?  Nobody knows…. and nobody will know until Republicans pass their tax bill.

2018 Medicare changes forced by the Republican tax cuts will be a crushing blow to….hospitals….doctors…..seniors…..disabled Americans.

This is not the way to make America great!

 

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