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Don’t Raise the Medicare-Eligibility Age
The nonpartisan Congressional Budget Office doesn’t make recommendations, but sometimes their analyses are so black and white they don’t have to: Just a few weeks ago, they found that phasing in a raised Medicare eligibility age (67 instead of 65) would save approximately $19 billion between 2016 and 2023, or less than $3 billion a year. To put that number in perspective, the federal deficit in 2013 was about $680 billion, so raising the eligibility age would reduce the deficit by less than 1%. That’s not nothing, but it’s not exactly a windfall either. Read more…