H.R. 3631 would amend title XVIII to provide for the application of a consistent Medicare part B premium for all Medicare beneficiaries in a budget neutral manner for 2010.
Detailed Summary
<b>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</b>
Medicare Premium Fairness Act - Amends title XVIII (Medicare) of the Social Security Act with respect to the part B (Supplementary Medical Insurance Benefits for Aged and Disabled) premium for 2010. Makes such premium, and the related monthly acturial rate, the same as those for 2009.
Requires transfer from the Treasury general fund to the Federal Supplementary Medical Insurance Trust Fund of an amount estimated to be equivalent to the aggregate reduction in part B premiums resulting from application of this Act. Revises the formula for funding the Medicare Improvement Fund (MIF) to reduce (offset) the amount available to the MIF for FY2014 by the transfered amount plus $567 million. Makes $567 million the amount available to the MIF for FY2015.
Status of the Legislation
Latest Major Action: 9/25/2009: Referred to Senate committee. Status: Received in the Senate and Read twice and referred to the Committee on Finance.
Points in Favor
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Points Against
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Visitor Comments
James Henderson
October 17, 2009, 3:21pm (report abuse)I think this bill which was passed by the House should be approved by the Senate..
Stephen A Douglas
October 22, 2009, 10:58pm (report abuse)An intended or unintended consequence of this legislation means that middle income people like my wife and I, who were forced to sell stock in 2007 because of a firm going private and another being sold to an investment group, had our medicare premiums triple in 2007 to $308.30 per month (each). Her medicare premium increase cut her social security benefits in half.
Our income in 2008 reverted back to its normal middle income level and we were told by Social Security today (October 22, 2009) that our Medicare premiums for 2010 would revert back to a level that would not include capital gains or tax-free income that were included in adjusted gross income computation for Medicare premium computation in 2009.
Now we find out that will not be the case.
We view this legislation as another middle income group squeeze and we are vehemently against it.
Nadine Ohman
November 10, 2009, 4:32pm (report abuse)Please pass this bill. It is fraud to expect a small portion of the medicare retirees to pay this Huge increase. Pass the bill... HR3631!!
John McBride
November 18, 2009, 10:24pm (report abuse)Why does the Senate not act on this bill?! What part of "Fairness" does the Senate not understand?