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Can't raise taxes? Hike Medicare premiums instead RICARDO ALONSO-ZALDIVAR The Associated Press WASHINGTON (AP) — Raising taxes on millionaires may ...
 
 
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Old 12-13-2011, 02:58 AM   #1
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Exclamation Hike Medicare premiums

Can't raise taxes? Hike Medicare premiums instead
RICARDO ALONSO-ZALDIVAR
The Associated Press

WASHINGTON (AP) — Raising taxes on millionaires may be a non-starter for Republicans, but they seem to have no problem hiking Medicare premiums for retirees making a lot less.

The House is expected to vote Tuesday on a year-end economic package that includes increasing premiums for "high-income" Medicare beneficiaries, currently those making $85,000 and above for individuals, or $170,000 for families.

Just the top 5 percent of Medicare recipients now pay higher premiums, a policy that went into effect a few years ago. The new GOP proposal would expand that over time to include the highest-earning one-fourth of seniors.

Some would pay as much as several hundred dollars a month more for Medicare outpatient and prescription coverage. Millions who don't consider themselves wealthy would also end up paying more.

On Monday the White House was mum on the Republican Medicare proposal, while AARP said it's tantamount to a new tax. In the Democratic-led Senate, there's not much enthusiasm.

The plan is modeled on a proposal that President Barack Obama submitted earlier this year to congressional debt negotiators, when he was seeking a "big deal" to cut federal deficits. Continuing pressure to curb spending means the proposal eventually could become the law of the land, even if there's no consensus now.

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At any means necessary,do not taxed the rich...nail those who are on Medicare...and more.
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