WASHINGTON (AP) — Good news for seniors: The government says Medicare's basic monthly premium will rise less than expected next year, by $3.50 for most.
It could be good, too, for President Barack Obama and Democrats struggling for older Americans' votes in a close election.
At $99.90 per month, the 2012 Part B premium for outpatient care will be about $7 less than projected as recently as May. The additional money that most seniors will pay works out to about 10 percent of the average Social Security cost-of-living increase they'll also be due.
Some recently enrolled younger retirees will actually pay less. They were charged $115.40 a month this year, and they'll see that go down to $99.90.