Medicare Premiums and Deductibles Set to Increase in 2024 After 2023 Decrease

Medicare Part B monthly premiums to increase by $9.80 to $174.70 in 2024, a 6% rise

Annual Medicare Part B deductible also increasing from $226 to $240

Increase follows premium decrease in 2023, first in over 10 years

Higher costs attributed to projected health care spending increases and remedy for 2018-2022 340B drug payment policy

340B policy change led to $9 billion underpayment to hospitals; lump sum proposed to reimburse