Academic journal article Social Security Bulletin

Health Care

Academic journal article Social Security Bulletin

Health Care

Article excerpt

Medicare Program Highlights

Effective January 1, 1994, the inpatient hospital deductible was increased to $696 from $676 for 1993. The daily coinsurance amount paid by the patient from the 61st through the 90th day in a hospital period was raised to $174. The daily coinsurance rate for qualifying care in a skilled-nursing facility, which is applicable for days 21 through 100, is $87 for 1994.

The monthly Supplementary Medical Insurance (SMI) premium is $41.10 for 1994 (it was $36.60 for 1993).

OBRA 1993 repealed the dollar limit on wages and self-employment income subject to the Medicare hospital insurance tax effective for earnings received after December 31, 1993. In 1993, the upper limit was $135,000.

Program Trends

Hospital Insurance (HI--Part A)

* HI enrollment in July 1993 was 35.9 million (35.2 million in 1992).

Aged--32.1 million

Disabled--3.8 million

* Total benefit payments in 1993 were $93.5 billion, an increase of 11.4 percent over the 1992 amount ($83.9 billion).

Supplementary Medical Insurance (SMI--Part B)

* SMI enrollment in July 1993 was 34.6 million (33.9 million in 1992)

Aged--31.1 million

Disabled--3.5 million

* Benefit payments in 1993 were $54.0 billion, an increase of 9. …

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