Published in Healthcare Mergers, Acquisitions and Ventures Week, October 2nd, 2004
Officials announced the $11.60 monthly increase September 3, 2004. Monthly rates will go up to $78.20 next year.
Elder care advocates say those living on fixed incomes will have trouble paying the difference because Social Security benefits aren't keeping pace with the rate increase. Social Security benefits usually increase by about 3% each year to keep up with rising cost-of-living expenses, far less than the 17% rate increase for Medicare.
Bush administration officials say the rate increase is...
Want to see the full article?
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Healthcare Mergers, Acquisitions and Ventures Week