Medicare Costs May Jump 52% in 2016

Before, I never had to pay when I picked up medicine for my mother. Ever since Obamacare, I have to pay a fair amount. Now, almost one-third of the roughly 50 million elderly Americans who depend on Medicare for their healthcare and other services are likely to see their premiums jump by 52% or more in 2016. Why? Because inside the law, Congress has decided to tax everyone, and they punish anyone who has saved over the years since they are the ‘wealthier’ beneficiaries. Whenever the Social Security Administration fails to boost the annual cost of living adjustment, the ‘rich’ get cheated. Don’t forget, household income/wealth in excess of $250,000 are the most hated ‘rich’.

This post was published at Armstrong Economics on September 1, 2015.