Seniors’ Medicare Part B Premiums Will Decrease For First Time in 10 Years, Says HHS

POTUS, Democrats Build on Historic Cost-Cutting Measures in Inflation Reduction Act

Today at the White House, President Biden touted his and congressional Democrats’ efforts to protect and strengthen Medicare and lower health care costs for seniors – including news from the Department of Health and Human Services that for the first time in more than a decade, premiums for Medicare Part B will decrease next year – by over $60 per beneficiary per year – rather than go up. 

This effort will cut health care costs for Georgia seniors and people with disabilities each year, building on the cost-cutting measures for Medicare recipients in President Biden and congressional Democrats’ Inflation Reduction Act. Championed by Reverend Warnock in the Senate, the Inflation Reduction Act will:

• Cap annual prescription drug costs for tens of thousands of Georgia Medicare beneficiaries 
• Cap monthly insulin co-payments for the tens of thousands of Georgia Medicare beneficiaries that use insulin
• Save billions of dollars for Medicare recipients by finally allowing Medicare to negotiate drug prices
• Providing extra help paying for drugs for Georgia Medicare beneficiaries with low incomes

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