Medicare is back on the table in bipartisan budget negotiations

10/18/2013 | Kaiser Health News

A bipartisan panel tasked with developing a long-term federal budget strategy is likely to consider changes to Medicare, which will account for an increasing proportion of the budget as more baby boomers reach retirement age. The panel is likely to consider options including changes to Medigap, higher premiums for wealthier enrollees, an older eligibility age, more cost-sharing and drug rebates. Rebates for Medicare would lead to higher premiums and greater out-of-pocket costs for Medicare enrollees, PhRMA has said.

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