Friday, November 1, 2013
A new study by the Congressional Budget Office shows increasing the age of Medicare eligibility would hardly lower entitlement spending.
The study dramatically reduced the projection of deficit savings if the eligibility age were to be raised to 67. This new projection provides even less incentive to institute this already politically risky option.
Last year, the nonpartisan CBO projected $113 billion in savings over ten years. This new estimate predicts the federal budget deficit would be reduced by just $19 billion.
See Brett Logiurato, The CBO Just Shredded the Idea of Raising the Medicare Eligibility Age, Business Insider, Oct. 25, 2013.