The Nation - News from Oct. 2, 1986
The monthly premium that the nation’s 30 million Medicare patients pay for physicians’ services will climb on Jan. 1 from $15.50 to $17.90, the government announced. The $2.40-a-month, or 15.5%, increase will come at the same time that the elderly face steeper charges for their first day’s stay in a hospital in 1987. It also will hit as the nation’s Social Security beneficiaries are getting their lowest annual cost-of-living adjustment ever. Social Security spokesman James M. Brown said it is likely to be in the range of 1% to 1.5%.
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