On October 23, 2015, I published a blog post discussing the expected 52% increase in Medicare premium coupled with a warning about the potential destabilizing impact of Medicare's reimbursement rates on health care providers in 2016. On Wednesday, October 28, the House reached a budget agreement with President Obama and the bill was signed into law on November 2, 2015. The bill, HR 1314, averted unprecedented premium increases that would have impacted only 30% of Medicare enrollees. The new premium will be increased by 15%, which is more in line with Medicare's historical pattern.
According to Daniel Ariely, professor of psychology and behavioral economics at Duke University, financial advisors are asking the wrong questions when they help their clients plan for retirement. Most retirement planning is based on the answers of two questions: