Patients have been hospitalized from Covid-19 in many metropolitan areas in 2020, and they had a longer length of stay compared to other conditions. However, healthcare costs are expected to go from $75 billion to $575 billion less than a normal year, because of the deferred care from the pandemic.
Because of this dramatic decrease in costs, Medicare Advantage (MA) organizations might have to deal with a significant forecasting challenge in submitting their bids to the Centers for Medicare & Medicaid Services for the upcoming year plan. Given all this uncertainty, CMS released the final rule for its MA and Part D payment methodologies for the 2022 contract year.
This is all great for the big company, however, when you live on Social Security it’s terrible. Last year the social security payment went up a little maybe $100-150, but right away medicare raised their fee so I think my check was about $20 different. When the cost of living is so high and changing each year so rapidly, and of course, we have to pay taxes too. Retirees NEED HELP.