Nov 29, 2012 at 10:24 pm
Many good comments on this post as to why increasing the Medicare eligibility age is a bad idea that shouldn’t be on the fiscal cliff negotiating table (which is not the same thing as saying other potential Medicare savings shouldn’t be on the table).
It’s your classic cost shift and it actually ends up costing more to the unified system (public + private) than it saves, and for a pretty obvious reason: you’re taking the younger, relative healthier 65 and 66 year-olds out of the more efficient program (Medicare controls costs better than private providers) and shifting some portion of them over to private insurers where they’ll now be the older, relatively least healthy participants.
See Jon Cohn on these and related points as well.
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