This week, while President Barack Obama was touting the $250 rebate checks the government would begin sending to seniors to cover some prescription drug costs, Senate Minority Leader Mitch McConnell was warning that many more seniors would be paying higher premiums.
It’s true, as McConnell says, that many seniors will see higher premiums for Part D (that’s the prescription drug coverage) as a result of the increased benefits in the program. How much higher? Monthly premiums vary widely,
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