Joe Biden’s inflation has just increased annual premiums for Medicare by $22.
This increase of $22 per month compares with the increase of only $4/month during Trump’s last year.
Biden also hiked the deductible for Medicare Part by 15% from $203 to $233.
The Administration says that the increase in premiums is offset by he COLA hike in payments, but the cost of living adjustment is designed to offset higher living expenses, not Medicare premiums.
For low-income elderly, the increase in premiums will entirely eat up the rise benefits. Biden giveth and Biden taketh away.
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