Raising Medicare Age May Save U.S. More Than $100 Billion
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A Republican proposal to raise the eligibility age for Medicare may save the federal government more than $100 billion while increasing health-care costs to senior citizens, states and employers.
People age 65 and older could pay an extra $2,000 for health insurance if they’re excluded from Medicare, the federal health-care program for the elderly, according to the nonpartisan Kaiser Family Foundation. Other government and private health plans would see costs rise as would-be Medicare recipients seek care elsewhere.