Americans as young as 50 could soon qualify for Medicare.
The Medicare at 50 Act, introduced in April by Sen. Debbie Stabenow (D-MI) and co-sponsored by 20 other Democrat senators, would lower the minimum age for government-funded healthcare for senior citizens. Americans have had to be at least 65 to qualify for Medicare since its creation in 1966.
Democrats claim the bill, which was previously introduced in February 2019, could help lower health care costs, reinforce the existing Medicare program, and strengthen the existing health insurance marketplace.
The economic consequences of such a plan would be devastating to the nation at large, says Robert Moffit, senior fellow of health care studies at The Heritage Foundation. “If employers respond by jettisoning coverage altogether, it will increase the tax burden on the working population and further aggravate the already high deficits and debt,” Moffit told Health Care News.
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