Romney Proposes Raising Medicare Eligibility Age in 2022
Mitt Romney today proposed raising the Medicare eligibility age in 2022. He also proposed restrictions on future social security benefits.
Romney said his proposals for Medicare and Social Security would begin in 2022, meaning no current or near-retirees would be affected. He also said he favors adjustments to curtail the growth of future benefits for the relatively well-to-do, so "lower-income seniors would receive the most generous benefits.
Beginning in 2022, Romney said, "we will gradually increase the Medicare eligibility age by one month each year. In the long run, the eligibility ages for both programs will be indexed to longevity so that they increase only as fast as life expectancy."
That's not as bad as the plan Obama was considering, which would have implemented the age increase in 2013, giving those approaching age 65 insufficient time to make plans to pay for another two years of private medical insurance. [More...]
I'm not sure what the life expectancy component means, so I won't comment on that. Is he saying the age for social security benefits could rise about 67 if life expectancy for the average Joe increases to a certain point?
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