GREAT NEWS HERE!
United State House passes bi-partisan Medicare Premium Fairness Act
By a vote of 406 to 18 the House of Representatives on Thursday passed the Medicare Premium Fairness Act (H.R. 3631) that will hold Medicare premiums steady for all beneficiaries including more than 714,000 in South Carolina for the next year. Voting yes from South Carolina were Rep. Henry Brown, Rep. Joe Wilson, Rep. Bob Inglis, Rep. John Spratt, and Rep. Jim Clyburn. Rep. Gresham Barrett did not vote.
“This is a major victory and bipartisan accomplishment for AARP and individuals who rely and depend on Medicare for their health care needs,” said Charles Johnson, AARP SC state president. “By holding Medicare premiums steady for all beneficiaries for the next year—premiums that have doubled since 2000 - this bill will ensure that health care is more affordable for people in Medicare - without burdening taxpayers or future generations with new spending,” he said.”
As health care costs continue to soar despite lower inflation throughout the economy, older Americans are hit particularly hard. Retirees have seen their savings wiped away by market losses while their health care bills continue to climb. People in Medicare today spend nearly a third of their income on health care.