Taking Our Medicine

From today’s Fort Worth Star Telegram:

In a few short weeks — conveniently after Election Day — the federal government will be mailing an unwelcome message to affluent retirees: You’ll pay more for Medicare because you earn more.

That rip you see in the retirement safety net is called means-testing. Expect that hole to get bigger as the century unfolds.

Slipped into the 2003 Medicare prescription drug legislation at the last minute by a congressional conference committee, the provision means that wealthier seniors will have to pay a greater share of the cost of doctor visits.
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