CBO report predicts minimal benefit from raising Medicare age

01/16/2012 | AdvisorOne

The Congressional Budget Office recently assessed the potential effects of raising the age at which people could receive Social Security and Medicare benefits. An increase in the eligibility age for Medicare would generate minimal savings because many people could rely on other government programs for coverage, the CBO found. Some scenarios for raising the Social Security age would generate substantial savings as time goes on, but they would also decrease benefits for early retirees, the assessment determined.

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