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Medicare catastrophic care bill sparks tax rise for elderly
The proposed health bill would expand Medicare coverage for catastrophic hospital physician and drug costs. Tax increases would apply to 1989 income for Medicare eligible seniors, starting at 15 percent and rising to as much as 35 percent by century’s end, with Part B premiums covering remaining costs. The measure, aimed at two thirds funding, faces political debate over lifting the tax burden on the elderly.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Rep
J.J. Pickle
Texas
Congress