Biden Administration Boosts Medicare Premiums, Blames Drug Costs and Pandemic

In this image from video, Chiquita Brooks-LaSure, now the administrator of the Centers for Medicare and Medicaid Services, is seen testifying to the Senate during her confirmation hearing in Washington on April 15, 2021. The Epoch Times via Senate Committee on Finance

The Biden administration announced on Nov. 12 that it’s raising Medicare premiums, a move that it blamed in part on the cost of drugs.

The Medicare Part B standard monthly premium will rise by nearly $22 to $170.10 in 2022, according to the Centers for Medicare & Medicaid Services (CMS).