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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

medicare tax hike

Posted by WARREN MOSLER on February 19th, 2010

Same macro result as a tax hike.


Premiums Jump 14% on Medicare Private Plans

By Ricardo Alonso-Zaldivar

Feb. 19 (AP) —Millions of seniors who signed up for popular private health plans through Medicare are facing sharp premium increases this year — another sign that spiraling costs are a problem even for those with solid insurance.

A study to be released Friday by a major consulting firm found that premiums for Medicare Advantage plans offering medical and prescription drug coverage jumped 14.2 percent on average in 2010, after an increase of only 5.2 percent the previous year. Some 8.5 million elderly and disabled Americans are in the plans, which provide more comprehensive coverage than traditional Medicare.

4 Responses to “medicare tax hike”

  1. jason m Says:

    Marshall Auerback got another piece published in huffington post.

    http://www.huffingtonpost.com/marshall-auerback/deficit-hawks-and-the-fal_b_467683.html

    Warren, any thought to revising your speech in Dallas for readership and approaching HP?

    Reply

  2. warren mosler Says:

    good idea. problem is i can’t keep up with what i’m already doing.

    Reply

    Jason Reply:

    Do you want me to take a crack at editing it to read more like a editorial / less like a speech? In my non-online posting life I do a lot of high-level writing. Let me know.
    cheers

    Reply

  3. Winslow R. Says:

    “medicare tax hike

    Same macro result as a tax hike.”

    Recently became conservator for an elderly relative and have had quite an education. Isn’t this a private hike in premiums so transfers remain in the private sector?

    Sounds like you could some R&R!

    Reply

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