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Raising Medicare’s Eligibility Age Could Trigger Gov’t Savings, But Tally Higher Total Health Spending
Healthcare spending for some services dropped by nearly a third when people turned 65 and switched from private insurance to Medicare, according to a recent study. The decline was driven by lower prices paid by the Medicare program to doctors and other providers rather than a drop-off in the volume of services seniors receive.
The study offers a preview of the potential impact of raising the Medicare eligibility age to 67 from the current 65, said Jacob Wallace, a doctoral candidate in health policy at Harvard University who coauthored the study, which was published in the May issue of Health Affairs. Read article here…
Kaiser Health News is a nonprofit national health policy news service that is part of the nonpartisan Henry J. Kaiser Family Foundation.
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