![]() Many private insurers are also limiting approval of Aduhelm. Right off the bat, the Veterans Administration declined to cover Aduhelm. But to make more profits for Biogen, American seniors’ premiums went up more than they ever have. It’s estimated that only a small fraction of Medicare beneficiaries will use this drug, which, remember, doesn’t work. Those brain scans are to monitor progress of the treatment, but also to make sure your brain isn’t swelling up, which is a side effect 35% of clinical trial participants experienced. The other costs associated with the treatment are charges for the infusion of the drug and charges for the regular brain scans that are required while taking the drug. The drug itself initially cost $56,000(!) for one person the price was slashed in half by Biogen because of low demand. They corrupted the Food and Drug Administration (FDA) to get it approved, despite the fact there is no evidence it is effective and it can actually cause brain bleeds and death.Īduhelm is so expensive that it accounts for at least 50% of the Part B premium increase. Regardless of the fact that this drug failed, Biogen put all their eggs in the Aduhelm basket. This comes down to Biogen’s new Alzheimer’s drug, Aduhelm. ![]() A senior living on an income 175% of the poverty level will spend nearly 9% of his/her income this year on Part B alone. For an American senior who depends on Social Security benefits of an average of $19,000 a year, those increases mean a significant cut to their income. This is the LARGEST premium price hike in Medicare history.įor most American seniors, those premiums are deducted right out of their Social Security checks. For perspective, the Part B premium was less than $50 back in 2000, and there was only a $3.90 increase last year. In 2022 Medicare Part B premium rose 14.5%, from $148.50 to $170.10 PER MONTH ($21+ increase), and the annual deductible rose from $203 to $233. This allowed physician offices (as well as nursing homes) to remain segregated much longer than hospitals. By requiring a premium, Part B would be a “voluntary” program and integration requirements wouldn’t apply. When Medicare was first implemented, some in the South feared that Federal law would require the integration of physician offices. The origins of the Part B premium go back to the Jim Crow era. There’s a super shady history behind this! BUT for Part B, you have to pay a monthly premium – just like a private health insurance plan. Hospital care is called Part A, and once you’re eligible for Medicare you can get hospital coverage automatically. Today we’re talking about the massive increases in Medicare Part B (physician and outpatient services) premiums for this year. SSW fights to protect and expand Social Security, Medicare, Medicaid, and to lower prescription drug prices. Social Security Works is the convening member of the Strengthen Social Security Coalition, which represents over 50 million Americans. Our guest Alex Lawson, the Executive Director of Social Security Works, will help explain what’s happening. Today we venture into the bizarro world of Medicare (the program serving those 65 and older as well as some people with disabilities) to explore the largest Medicare rate hike in history.
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