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Medicare Premiums Expected to Jump 450 Percent for Some Seniors

Armen Hareyan's picture

Medicare Part B

The Department of Health and Human Services (HHS) will announce Medicare Part B premiums for 2007 later this month, which will increase significantly for all seniors and dramatically for seniors with incomes of more than $80,000 per year. Excluded from their announcement will be the fact that some seniors will see their premiums jump by as much as 450 percent in just over two years.

For the first time since Medicare's creation 41 years ago, Medicare Part B