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APNewsBreak: Upper-income Seniors' Medicare Hike
Barack Obama
Medicare
income brackets
administration
WASHINGTON (AP) — President 's plan to raise premiums for upper-income seniors would create five new to squeeze more revenue for the government from the top tiers of retirees, the revealed Friday.
Kathleen Sebelius
controversial proposal
First details of the plan emerged after Health and Human Services Secretary testified to Congress on the president's budget. As released two days earlier, the budget included only a vague description of a that has grown more ambitious since Obama last floated it.
"Means testing" has been part of Medicare since the George W. Bush administration, but ramping it up is bound to stir controversy. Republicans are intrigued, but most Democrats don't like the idea.
The plan itself is complicated. The bottom line is not: more money for the government.
Read the full story here: http://yhoo.it/10R6obm
Soruce: Yahoo! News
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