January 11th, 2012

Talks of how to cuts costs in healthcare continue in Washington and throughout the county. One of the measures that President Obama raised in fall talks with elected officials is raising the Medicare eligibility age.

According to a CBO report released Tuesday, gradually raising the age to 67 would save $148 billion over the next 10 years.

Those types of savings are definitely a positive, but could leave some seniors uninsured or paying much higher premiums to pick up private insurance. The CBO assumed that if this happened, that the federal healthcare reform legislation would still be in place. This would allow seniors to purchase insurance through the health insurance exchanges.

From – The Hill: Healthwatch