Personal Finance
Sunday, 6/28, 01:43 AM
Senate Democrats Propose a $5,000 Cap on Traditional Medicare Out-of-Pocket Costs
- Traditional Medicare, which covers tens of millions of older Americans, has no annual limit on what a sick enrollee can owe — the only major U.S.
- health insurance without one.
- A new Senate Democratic bill would cap that at $5,000 a year, at an estimated cost to the government of more than $50 billion annually.