The Miami Herald: APNewsBreak: Upper-income seniors’ Medicare hike

BY RICARDO ALONSO-ZALDIVAR

ASSOCIATED PRESS

WASHINGTON — President Barack Obama’s plan to raise Medicare premiums for upper-income seniors would create five new income brackets to squeeze more revenue for the government from the top tiers of retirees, the administration revealed Friday.

First details of the plan emerged after Health and Human Services Secretary Kathleen Sebelius testified to Congress on the president’s budget. As released two days earlier, the budget included only a vague description of a controversial proposal that has grown more ambitious since Obama last floated it.

“Means testing” has been part of Medicare since the George W. Bush administration, but ramping it up is bound to stir controversy. Republicans are intrigued, but most Democrats don’t like the idea.

The plan itself is complicated. The bottom line is not: more money for the government.

Obama’s new budget calls for raising $50 billion over 10 years by increasing monthly “income-related” premiums for outpatient and prescription drug coverage. The comparable number last year was $28 billion over the decade.

Read more here: http://hrld.us/17HvtLa

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