Press Release – October 18, 2016 Small cost-of-living increase triggers huge Medicare Part B premium hike for many retirees WASHINGTON – American Federation of Government Employees National President J. David Cox Sr. is calling on Congress to pass emergency legislation to prevent massive increases in Medicare Part B premiums for millions of retirees next year….
By Walton J. Francis – September 14, 2016 The 2016 Postal Service Reform Act (H.R. 5714) proposes shifting postal retirees’ primary health care coverage from the Federal Employees Health Benefits Program (FEHBP) to Medicare. Proponents call this a consensus proposal for integrating the FEHBP with Medicare. It is not. The proposal’s impact on both postal…
The 2016 Medicare Trustees Report says that Medicare is expected to go bankrupt in 12 years. Projected costs are forecast to exceed income, depleting the Medicare trust fund by 2028. These projections are based on current law. Adding postal retirees will drain the Medicare trust fund quicker. This means future Medicare beneficiaries are facing hefty…
