finance
Bill Would Cap Medicare Enrollees' Annual Expenses at $5,000
A proposal introduced in Congress would set a $5,000 annual out-of-pocket limit for all Medicare beneficiaries. The measure is described as a long shot and could increase federal spending by tens of billions of dollars.
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A bill introduced in Congress would limit annual out-of-pocket medical costs for Medicare enrollees to $5,000. The measure would apply to all people covered by the program and provide cost protection regardless of the type of coverage they hold. MarketWatch reported that the proposal is considered a long shot.
The same report stated that the change could increase government spending by tens of billions of dollars. The legislation would extend the spending cap to every Medicare beneficiary. Current program rules do not set a uniform annual limit on patient expenses across all coverage types.
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