Thread: Medicare drug premiums to edge up in 2010

Medicare drug premiums to edge up in 2010

Average monthly prescription drug plan premium to cost $30, up from $28

updated 9:25 a.m. PT, Fri., Aug 14, 2009

WASHINGTON - Seniors enrolled in Medicare can expect to see a $2 increase in their monthly payment for prescription drug coverage next year.

Medicare officials announced late Thursday that the average monthly premium for the government's drug plan will be $30 next year, up from $28 this year.

Officials made the projection based on bids from private insurers that get the premiums along with a federal subsidy to administer the benefit. Companies that offer the so-called Medicare Part D plans include Humana, WellPoint and UnitedHealth.

Full details of the benefits and premiums for Medicare drug coverage will be announced in September.

http://www.msnbc.msn.com/id/32417916/ns ... alth_care/

At the same time Obama made a deal with the drug industry so that the government would not negotiate drug prices for Medicare and Medicaid. Also at the same time Obama wants to cut expenses for Medicare and eliminate the Advantage program. Nice.