Raising Medicare Eligibility Age Will Cost EVERYBODY More $
It's simple: older people have more health issues. They cost more money.
Raise the retirement age, and people who were about to go on a government health plan need to stay on a private insurance plan. Those people will cost their private insurers more money in procedures and services, because those people will start having more health issues. That means that private insurers will need to raise their premium rates for ALL age groups to account for the added expense of insuring people who are older and who have more health issues.
The insurance companies want to insure healthy people who pay premiums but seldom use their health insurance for the kind of treatments and ongoing care that older people require. Every year of raised age for Medicare eligibility takes billions out of their pockets.
Raising the eligibility age for Medicare simply shifts the cost of insuring seniors from a tax expenditure to being funded out of the pockets of everybody else who has insurance, and at ten times the cost of Medicare.
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