Alzheimer's drug cited as Medicare premium jumps by $21.60 | www.WDIO.com

Alzheimer's drug cited as Medicare premium jumps by $21.60

Alzheimer's drug cited as Medicare premium jumps by $21.60 Alzheimer's drug cited as Medicare premium jumps by $21.60 |  Photo: Robert Lyle Bolton / CC BY 2.0

RICARDO ALONSO-ZALDIVAR Associated Press
Created: November 12, 2021 04:46 PM

WASHINGTON (AP) - Medicare’s “Part B” outpatient premium will jump by $21.60 next year, one of the largest increases ever. Officials said Friday a new Alzheimer’s drug is responsible for about half of that. The increase guarantees that health care costs will gobble up a big chunk of the recently announced Social Security cost-of-living allowance, a boost that had worked out to $92 a month for the average retired worker.

The announcement on premiums comes as Congress is considering Democratic legislation that would curb what Medicare pays for medications.

The new Part B premium will be $170.10 a month.

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RICARDO ALONSO-ZALDIVAR Associated Press

Copyright 2021 The Associated Press. All rights reserved.

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