Obama Administration Breaking News: Medicare Premiums Hold the Line -- Increasing $1 in Price for the Past Three Years

Wochit 0:53 mins

The Obama administration cast the average monthly Medicare drug premium price increase as a matter of inches. It only rose $1 in the last three years. The White House announced personal health care costs rose in the 12 months ending in May at the slowest rate in the last 50 years, as spending on hospital and nursing home services declined. The Wall Street Journal reports that Obama administration officials are stepping up meetings with Senate Republicans in hopes of avoiding a deadline clash over federal spending this fall. One of the flashpoints is the Republican demand to defund Obamacare as part of any deal.

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