Plan Advances to Hike Military Retirees' Healthcare Tab

Monday, 16 May 2011 12:44 PM

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
Raising out-of-pocket healthcare costs for working-age military retirees moved a step closer to reality as the House Armed Services Committee signed off on a proposal from the Obama administration. If Congress approves the plan, it would be the first increase in 16 years in the program known as Tricare, The Washington Post reported.

If the bill is enacted, retired service members still eligible to work will see their yearly premium for family coverage go from $460 a year to $520. Individual coverage would go from $230 to $260, the Post reported.

The question now moves to the Senate, which is expected to take up the matter in June. The Defense Department has argued that Tricare premiums need to rise by more than 3 percent a years to keep pace with projected costs expected to hit $65 billion in five years, according to the Post.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Mrs. Obama to Appear on May Episode of 'Nashville'

Saturday, 19 Apr 2014 19:09 PM

Michelle Obama is going a little bit country.The first lady's office says she'll appear on the May 7 episode of the ABC  . . .

Hundreds Paddle Out for Surf Icon Hobie Alter

Saturday, 19 Apr 2014 18:50 PM

Hundreds of surfers and rowers have honored Hobie Alter's request by paddling out in the Pacific in his memory. Alter, w . . .

San Francisco Probe Leading to Entrapment Claims

Saturday, 19 Apr 2014 18:42 PM

The FBI used millions of dollars, liquor, and cigarettes seized in other cases and more than a dozen undercover operativ . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved